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What is a Cloud-Based Point of Sales (POS)? | Types of POS

The cloud-based point of sales (POS) allows the retailers and businessers to process the respective payment online. Before days, retailers used desktop computers to process these payments. Businessers can store their transactions, business data, inventory, and other data on the POS webserver.

In simple terms, the cloud-based POS (POS) system is the type of system where all your transaction processing data arrives from the cloud server. Here, the Point of Sales (POS) represents the spot where the purchases tend to happen.

Understanding Cloud-based POS system

Have you ever thought about why cloud-based points of sales (POS) is creating a huge impact in the retail business? Here is the reason behind it! The retail businesseres take this cloud-based POS as the modern cash register. They love enjoying the benefits of using POS on a mobile basis. It is more convincing and convenient to use.

Using POS will give tremendous changes to your retail businesses. POS software is more sophisticated. Just handle POS by using a smartphone or a mobile device. In most scenarios, the POS software is cloud-based. Meaning, you can access your data anywhere and anytime, using the internet. The information you store in the cloud-based point of sales (POS) is backed up in the remote vendor servers.

Most analysts were shocked by the cloud-based POS software's growth. It is still expected to have a huge impact and growth in other different sectors in the future. Substituting the POS software with the cash register makes lots of judgment between the retailers. It is easy for retailers to use the mobile, carrying the register book instead.

You can operate cloud-based POS software either through mobile or tablet. Even small businessers such as food trucks, home service providers, grocery shop owners, and so on can enjoy the benefits of a cloud-based POS system.

what are the types of POS systems?

Here follows the most common point of sales (POS) system types.

  • Mobile point of sales system

  • Tablet point of sales system

  • Terminal point of sales system

  • Open source point of sales system

  • Self-service kiosk point of sales system

  • Online point of sales system

  • Multi-channel point of sales system

With no further delay, let's dive into the types of POS systems.

Mobile point of sales system

In short, mobile POS is known to be mPOS. Both smartphones and tablets can access the POS system. Both can process the respective payments, inventory management, and customer information. In most scenarios, the POS app is free for payment processing.

Mobile POS shares the benefits such as - mobility, low cost, easy to carry and maintain information.

Tablet point of sales system

Nowadays, Andriod and iPad POS system software are moving to popular. The reason behind this is, their upfront initial requirements are minimum. There is software for a tablet that is considerably free with credit card processing. Additionally, if you go for any type of subscription, the subscription fee is low in its cost.

The only difference is some tablet POS systems can handle fewer while others can handle extra features such as inventory management, online store, and so on.

Terminal point of sales system

This type of point of sale (POS) is to be noticed on the counter. It has both hardware and software-based system and still, some of them cannot be accessed without internet access. These types of point of sales are one of the all-in-one solution systems. Because it includes the features such as a barcode scanner, cash drawers, and other features. Most of the terminal point of sales offers your 24/7/365 service supports and they include the cloud back with it.

Online point of sales system

The online point of sales (POS) system requires the minimum startup cost. Its additional benefit is that you can access it through your hardware either tablet or PC. As we all know it is difficult to replace the touch screen facility when compared to a desktop PC. This can be used by small retailers, big-ticket retailers, art galleries, and so on.

Self-service kiosk point of sales system

The self-service kiosk point of sales (POS) system is specialized in some specific purposes. This type of POS system requires customer participation in the operation. Retailers can bring delight to the customers by reducing the customer's checkout time. When customer tends to checkout by themself your staff probably will have more time for other important activities.

This POS system can be used in, parking, ticket sales, patient check-ins, product lookup, and much more.

Multichannel point of sales system

Multichannel POS system has the capability to run both online and offline. Consider you run a business. You are selling products in more than one location. Then you need to go for a multichannel POS system. This type of POS system integrates sales from your online store, social media pages, and storefronts, helping you to sell more products. As a result, you're less likely to run out of stock, because with a multichannel system your inventory for one channel isn't synced with that of another.

Open source POS system

Open source POS system is the place where you can customize your POS based on your requirements. But this cannot be done on your own unless you are a software engineer. Without the help of a software engineer, you can move with an open-source POS system. It is expensive too. This is considered a good option for large size businessers.

Cost of retail POS system

In general, the cost of the retail POS system may vary from $0 to $350, based on the retailers (boutiques, bookstores, etc.,) requirements. On average small businessers spend around $70 per month before add-ons.

Here is the best small business POS system at an unbelievable cost to make your business grow faster to a long way.

The bottom line

Try to choose the right point of sales (POS) system based on your business. Before making a purchase dive deeper into their features. Analyze the benefits of the POS system. This will help your business to a great extend.

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