The Benefits of Mobile Point of Sale Systems

If you’ve ever wondered about mobile POS systems, you’re onto something great. POS systems have evolved much in recent years, and now provide versatile, affordable, and effective tools to thousands of businesses all over the world. These systems are often cloud-based, making them secure and accessible even when there’s not a terminal available.

Above all else, they’re portable, meaning they can be taken anywhere or used throughout the store. This eliminates the need for static registers and pushes retail stores and other businesses into a new era of payment processing. Here, we’ll cover some of the benefits of these systems and why you should consider acquiring one for your business.

Easier Payment Processing

Payment processing is something customers expect to be quick and seamless. No one wants to stand in line for several minutes while an outdated cash register struggles to process a credit card transaction. Let’s be honest; the old systems were cumbersome, slow, and downright frustrating. Digital integration transformed payment processing and continues to improve it.

Mobile point of sale systems process payments of all kinds in seconds. From credit and debit cards to cash to touchless payments, however your customers prefer to pay, you’ve got them covered.

ECommerce Integration

If you’re running a retail store with an eCommerce site, you’ll want your inventory management and payment processing on both ends to be accurate and synchronize seamlessly. If you’re using two different systems, this can be nearly impossible to achieve.

Mobile POS systems can integrate with your eCommerce site and help synchronize everything under one program. Your on and offline operations will be united, up-to-date, and inventory will always be accurate across all platforms.

Removes Limitations of Traditional Registers

Traditional registers were very much limited to processing payments and making change. Even the more “advanced” systems didn’t do much more than track inventory and sales. Mobile POS systems have removed these limitations and expanded the capabilities of payment processing systems.

You can pretty much run 80% of your business from your POS terminal. Marketing, payment processing, employee and customer management, and inventory management are all accounted for in your POS software.

Fees and Taxes Are Included

When you process a transaction in your POS software, you can set the tax rate manually so that all of your taxation is automated. Additionally, the fees that your POS provider takes out of each transaction (if their structure is set up that way) are also automatically deducted from each transaction.

Many POS companies charge a monthly premium instead of a per-transaction fee, and still fewer charge a one-time fee for the software and hardware. The fee structure depends entirely on the company selling the product, so be sure you’re aware of it before you commit to a purchase. Generally, smaller businesses opt for the per-transaction structure fee until they start bringing in higher sales volumes.

Easy to Set Up

Most POS systems are incredibly easy to set up. If you’re using your own hardware, it’s usually a matter of simply logging into your interface or app. If you’re using the POS hardware provided by your POS provider, there may be an initial set up process, but after that, it’s easy to use.

This makes POS systems perfect for companies that need a quick solution to their POS needs. Sometimes, software can take months to learn, but POS software is intuitive and easy to use.

Inventory Management

One of the best features of modern POS software is its ability to track inventory in real-time. This makes keeping track of your stock, orders, online orders, returns, and sales completely autonomous. You won’t have to worry about performing manual counts or continuously finding errors in your inventory.

These kinds of errors are costly and take up a lot of time to address, so why not leave them to a system that’s designed to handle inventory? Your customers will thank you for more accurate inventory, as well.

Customer Management and Relationships

Lastly, POS software helps with customer management and improving relationships. Many POS systems integrate with CRM software, and some even have CRM software built-in! Improving sales and attracting new customers is easy with POS software, and you can collect personal information, track customer purchases, and send promotions via email.

The Take-Away

Mobile POS software is quickly becoming the standard of payment processing, and with its countless other benefits, it will soon be a necessity for businesses of all kinds. You don’t have to purchase POS software to see how it would work with your business, as many POS providers offer free demos/trial versions.

Don’t wait to get ahold of this incredible software! There are hundreds of providers and versions available and at varying prices. Most monthly premium packages fall at around $100 or below for the lowest-tier.

*** SPECIAL ALERT — July 11, 2020 — TWO of this Year’s Motley Fool Stock Picks Have Already Tripled and Two have Doubled! ****

We have been tracking ALL of the Motley Fool stock picks since January 2016. That’s 4+ years, 54 months and 108 stock picks. As of Friday, July 10th 2 of their 12 2020 stocks picks have already tripled (TSLA, SHOP). In addition, 4 of their 2019, 8 of their 2018, 7 of their 2016 and 10 of their 2016 picks have also doubled. Best of all, over these 54 months, the average stock pick is up 111%. That beats the SP500 by an average of 87%. And that’s even accounting for all of this COVID mess that has wreaked havoc on some stocks but presented opportunity for other stocks. THAT is how the Fool does so well!

  • Shopify (SHOP) – April 2, 2020 pick and it is already up 163%
  • Zoom Video (ZM) – March 19, 2020 pick and it is already up 107%
  • DexCom (DXCM) picked Feb 20, 2020 right before the market crashed and it is still up 26%
  • Tesla (TSLA) picked January 2, 2020 before the crash and it is up 123% compared to the SP500 -7% so it is ahead of the market by 130%
  • HubSpot (HUBS) picked December 5, 2019 and it is up 46%
  • Netflix (NFLX) picked November 21, 2019 and it is up 42%
  • Trade Desk (TTD) picked November 11, 2019 and up 111%
  • Zoom Video originally picked Oct 3 and it is up 234%
  • SolarEdge (SEDG) picked September 19, 2019 and it is up 44%

Now, no one can guarantee that their next picks will be as strong, but our 4.5 years of experience has been super-profitable. They also claim that since inception, their average pick is up 424% and now we believe them. You sure don’t want to risk missing out. Many analysts are saying that we have passed the bottom of this COVID crisis and stocks will recover quickly. So make sure you have the best stocks in your portfolio.

Normally the Fool service is priced at $199 per year but they are currently offering it for just $99/year if you click this link

CLICK HERE to get The Motley Fool’s Stock Picks for just $99 per Year! 




GET UP TO $1,000 IN FREE STOCK

WHEN YOU OPEN A ROBINHOOD BROKERAGE ACCOUNT

Robinhood was the first brokerage site to NOT charge commissions when they opened in 2013. They just past 10,000,000 accounts and to celebrate they are offering up to $1,000 in free stock when you open a new account.

Here’s the details: You must click on a special promo link to open your new Robinhood account. Then when you fund your account with at least $10, you will receive one stock valued between $5 and $500. Then, you will get a link to share with your friends. Every time one of your friends opens an account, you will receive another free stock valued between $5 and $500. Click here to learn more about this Special Robinhood offer.

Claim your free stock NOW

(before it’s too late)

Leave a Reply

Your email address will not be published. Required fields are marked *