Mobile Point-of-Sales (POS) systems are increasingly in demand for small businesses in particular. Mobile payments make it possible for even small companies to compete in the rat race that is the online marketplace. Mobile POS, on the other hand, offer something extra.
For those who don’t know, mPOS systems are like a portable version of the regular in-store POS systems. These systems combine POS software with portable hardware. A business, for example, can buy an EMV credit card chip to pair with a tablet to create a mobile POS system. This hardware would work a lot like a cash register, but it will be a cash register that goes to the customer instead of the other way around. If your small business is struggling to compete with online stores, a mPOS system can become a game changer. Here are some of the reasons why buying a mPOS system would be great for your business:
Increase Convenience with Payments
Customers are accustomed to online payments, but they don’t want to pay for everything online. For example, if a customer orders a pizza, he or she would prefer to pay when the order is delivered, not before. This is where mPOS systems step in. The delivery person can take the mPOS reader to the customer to complete the credit card transaction on the spot. Mobile POS systems are highly convenient for both customers and small businesses. That’s the main reason to invest in these little devices.
Save Money on the Long-Term
So, exactly how much does a mPOS card reader cost? It doesn’t matter because the hardware costs so little compared to traditional card readers. Beware, however, that some providers charge flat rate fees that cost a lot. But industry leaders, like the SumUp brand, have made flat-rate fees zero. Businesses only have to pay a minor commission on card transactions. More importantly, mPOS systems reduce overhead costs for accounting. A company can largely automate all transactions with a mPOS systems. That means less money wasted on keeping paper records. As an extra perk, a mPOS system would simplify the hassle of keeping physical books on deliveries.
Compete with Online Giants
Online mega stores like Amazon can boast many things, but these sites cannot boast about taking the transaction directly to the customer. With a mPOS system, you may have an advantage over online giants. Your business can make instant deliveries and have the customer pay on the spot with a portable card reader. This face-to-face transaction can be immensely beneficial for creating customer loyalty.
Do employees waste precious time looking up product information on computers? A mPOS system can reduce this time waste. The company can place crucial information literally in the hands of employees. This will eliminate unnecessary time waste and fast track interactions between customers and employees.