What’s the difference between POS systems and cash registers?
A point of sale system is more than a machine, it consists of credit card payment devices and the ability to transfer money to bank accounts at the most basic level. Small business POS systems can also incorporate software to help you manage and expand your complete company, such as in-depth sales analysis and reporting, marketing tools, customer relationship management, loyalty programs, and gift cards, among other things.
Credit or debit card payments are not accepted at traditional cash registers, as you are aware. This necessitates the installation of a separate card processing system.
Keeping this in mind, the cashier can only do basic tasks and generate simple data, such as daily sales or transactions totals. A POS system, on the other hand, enables you to make informed judgments about what products to stock and how to focus your marketing efforts on the items that sell the most.
Check out and see how Oscar’s point of sale (POS) system can help transcend your business processes to the next level.