Simply, a POS (Point of Sale) system is a device that allows a business owner to take credit card payments in person.
Contactless payment is quickly becoming the most desirable.
Things to consider when choosing a POS system:
- Initial cost of setup
- Payment processing costs
- Device rental/purchase fees
- Secure PCI Compliance
- Can accept EMV chip cards and NFC payments (i.e. Apple Pay, Android Pay)
Types of Point of Sale Systems
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Number of credit cards in circulation
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Expect to be able to pay using Credit Cards
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Average non-cash transaction
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