Point of Sale Systems

Every business needs to have a point of sale systems that will let them accept different types of payment. But what is a point of sale system actually?

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Point of Sale Systems, or shortly POS, were invented in order to facilitate the work of small businesses in the field of identifying the best products and upgrading the assortment of goods in that respect, tracking inventory and sales, managing employees, accepting payments and controlling the expenses efficiently, analyzing data and attracting customers to participate in loyalty programs, etc. So, what is a point of sale system exactly? And how do you use it?

What is a Point of Sale System?

It is basically a system that connectS the company with a client in a specific transaction of purchasing certain goods. With proper software and hardware, it facilitates a transaction made through its system. It operates through the link between the main computer and terminals where the payment is made with the use of various hardware accessories and software features such as barcode scanners and card payment terminals.

There are numerous options at the market with features to suit all the needs of small businesses. Merchants just need to choose the right one for your business and check if it has specific hardware or software requirements that could enhance the costs.


Using a POS System

Different companies need different systems to manage specific tasks, depending on the kind of business they run and their needs. For example, cafes and restaurants need to work with menus and grocery stores must have scales at their terminals to weigh the goods. However, businesses that need these systems the most can generally be divided into retail companies and hospitality or adjusted to fit these two options.

Why is it Useful?

These systems are meant to facilitate businesses by offering better operations control, inventory control, and profit or expenses control. They enable owners to analyze their business and plan accordingly as they give better insight into the actual trends of sales thus helping the owners to anticipate the future development of the market and the new trends the company has to follow.

Why Do Businesses Need a POS System?

Businesses using these systems will definitely see the benefits once they start using them. Whether it is a restaurant which needs menu development and pricing tools or retail store which needs inventory management, POS will cover all those requirements. They will enable you to accept payments and learn about the affinities of your customers, help you analyze the collected data, provide you with inventory control and build up a loyalty program. You just have to opt for the features best fitting your company and easiest to integrate into your existing structure.

What are the Different Types of POS Systems?

Since retail and hospitality institutions need these systems most, they are basically covering these two areas with their options, but there is a huge variety on the market with options that are tailored specifically for certain demands. To choose the one that best suits your needs, read online reviews and suggestions and consult with your sales representatives.

Point of Sale System Features For Any Business

If you’re looking to implement a point of sale system, then you need the right equipment.

Our POS equipment meets certain standards when it comes to a reasonable price, easy handling, efficient payment processing, advanced inventory and employee management, online sales option, support availability, customer profile management, and good integration abilities. These systems usually operate in the manner which ensures your data is encrypted for better protection and accessible from wherever you wish.

Retail Pricing and Inventory

Retail should have a simple software for selling products in various ways and storing data about the customer, inventory, and sales in one place. Since it has fewer options, it can be more cost-effective. But, keep in mind that any options you want to add will be priced accordingly.

For example, your retail place can get only a basic report with sales data so you can follow the trends in sales on a daily basis or seasonally, or you can opt for an advanced report which offers percentages showing new and regular customers, costing tools, etc.

Features for Restaurants and Bars

These systems need to offer different options, starting from table mapping up to inventory control which enables the owner to see the supply status. It should also include staff management, customer profile management, and menu management.

Additional features such as online ordering, loyalty and gift cards and similar are subject to the added cost. It may also be convenient for the system to feature offline operation for payments. Some even feature a food cost calculator and a recipe costing tool.

The way the system functions is that you create categories such as lunch, dinner, or others. These functions are then divided into subcategories, like salads, first course, main dishes, and others, within which you can add other menu items with prices. You can get basic reports about the sale and labor, but also advanced reports on a number of guests, tips and more.

Customer Management for Grocery and Markets

Groceries and markets need systems with which, in addition to customer and employee management, offer features such as scale and barcode scanner, bottle deposit, gift cards, payment processing, and grocery inventory. Unlike retail, they need a lot of options to keep track of everything. And it also needs to be able to show you the level of ingredients in your storage so you do not run low on them.

For grocery stores, the important thing is open hours and productivity, so the system should enable the time clock for employees’ working hours and check their performance, such as a number of transactions or cancellations they made in comparison with the average level so that the best ones are identified. And you can get profit reports, daily analysis, reports on suspicious transactions, etc.

Payments for Hospitality Services

For the hospitality industry, it is important to provide good services, so they need to be easy to handle for quicker response to the guest’s requests. They should include payment terminals, accounting, online ordering service, customer and employee management and similar. Also, real-time reports are important so there should be an option to generate them and access them from any place required.

We Offer the Best All-In-One POS Solution and Services

Looking for good hardware and software options to set up your point of sale system, price is always your biggest concern. With so many options you see on the market, it’s hard to find the most affordable station. And let’s not forget the additional equipment you may need. Your best option is to find an all-in-one solution that can help you run your business.

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What Can You Expect from Merchant Chimp?

No obligations. We offer month to month contracts without any hidden fees or penalties. Once you sign with us, you will get the lowest fees in the industry without any contract ties or penalties if you wish to change your provider. One more thing you can count on is next day funding. You won’t have to wait for your money with us! Your funds will be transferred into your account the next morning and you will have immediate access to your money.

If you have a problem or just need to clarify something, you will be able to contact our customer support anytime. You won’t have to wait for hours or even days to get an answer to your question or predicament. Our customer support is available 24/7 to solve any problems and answer any questions you may have. So don’t hesitate to contact us.

Better than Square and Vend

The market for these systems is very diverse and full of options. However, unlike all our other competitors, our systems and products are aimed towards helping all businesses save money. We offer intuitive software and top-notch hardware that will let you perform all transactions easily and effectively. Our all-in-one POS solution is also very cost-effective, unlike most of our competitors.

Vend’s systems have third-party integrations that let users use other features. Unlike Vend, we already have all the features you need in one place, so there’s no need to search for other ones. With our all-in-one solution, you will have everything you need in one place – in one system.

Out of all our competitors, we are the only ones that offer you an all-in-one POS solution. With Square, you can have a chip card and magstripe combination, or an NFC and chip card combo, but you don’t have a solution that includes a device that can accept all three.

Products We Offer

Terminals are standard-issue computers used for running software that is used to facilitate necessary operations made within a business. Terminals are used to allow people to pay for products or services they purchased.

We offer POS kits that come equipped with Merchant hardware, receipt printers, cash drawers, and top-of-the-line accessories that were designed for your business type. As for any additional hardware, accessories and software features that you may need, we will gladly provide you with anything you want to have in your place.

We can offer you different products and accessories that can help your business:

  • Clover Go
  • Clover Mini
  • Clover Flex
  • Clover Station
  • Clover Kitchen Printer

Clover Station

The Clover station is the largest and fastest all-in-one point of sale system. It comes equipped with a receipt printer and cash drawer. With the Clover station, you will also be able to modernize your business by monitoring sales, possible refunds, and the spending habits of your customers from any device. And it also accepts all types of payment, scan checks, and even takes gift cards without the need for any additional equipment.

You can use it to create custom orders, automatically update the order total, adjust menu items, and modify different optional ingredients and modifiers without any problems. And you will be able to create your database of customers, and with it manage a loyalty program and have access to different marketing tools and connect to different services (MailChimp, Yelp, and others).

Clover Go

As a very versatile smartphone credit card processing solution, Clover Go lets you process payments on the go. Whichever place your business takes you, you will be able to accept all major debit and credit cards, as well as contactless (NFC) payments and EMV chip cards.

With just one device, you won’t have any problems accepting chip cards, magnetic stripe cards, and contactless payments. It is compatible with both Apple and Android phones and tablets, and it will work anywhere you have cell services or a Wifi connection. We can program your device with your merchant account, and all you have to do is download the Clover app on your phone or tablet.

The Go is the only option that Clover offers that can have multiple merchant IDs. In case you have multiple people that have their own merchant accounts that are working on one machine, like automobile repair workshops with mechanics that rent their spots or salons with stylists that just rent a chair in the place, this is the choice for you.

However, keep in mind that this device is not designed to be a replacement for a cash register or a full POS, so you should consider getting other options, like the Clover Station or Mini.

Clover Mini

Another product from Clover is the Mini. It has a small design, but it contains a built-in receipt printer, merchant keypad, cash drawer, customer-facing camera and a USB hub that interfaces with the peripheral hardware. It functions as a replacement for a standard POS terminal.

Clover Flex

Flexible as the name suggests, Clover Flex offers fast and simple transactions. The device acts as a gap between a mobile reader and a stationary, but it can double as both. It has built-in apps that will help you with your day-to-day operations. Its dashboard will let you manage all aspects of your business (especially payments) from any internet-connected device you have. The Clover Flex can accept all types of payments – swipe (magstripe), contactless (NFC), and chip (EMV). And it ensures highly secure transactions that will keep any data safe.

The payments can even be split between debit, credit, gift and cash cards quickly and efficiently. You will be able to track your sales, settle all payments, and have real-time reporting on its dashboard and mobile app. It also has WiFi and LTE compatibility which will let you use it remotely for 8 hours on its battery. And it offers multiple ways for your customers to get regular, SMS, or email receipts.

Choose Merchant Chimp for Your Business

Take your business to the next level with our modern point of sale system. With it, you can simplify daily tasks, speed up transactions, and securely accept payments.

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