How to Choose a POS Terminal for Your Business
A point-of-sale (POS) terminal can be one of the most essential pieces of equipment for your business. To keep your business transactions running smoothly, you need a reliable point-of-sale terminal. Not all POS terminals are created equal. Before you make this important investment, here are 5 key things to consider.
1. Capacity of Transactions
Different point-of-sale terminals have a capacity for a different number of transactions. The more transactions you expect in a day, the higher the processing speed you’ll need for the central processing unit (CPU) in your POS terminal. If you don’t choose the right speed, you’ll end up overloading your point-of-sale terminal. This will slow down your transactions and ultimately frustrate your customers.
2. Variety of Payment Methods
Between wireless payments, Apple Pay, Google Pay, credit cards, debit cards, cash, and more, today’s customers demand variety. But not every POS terminal will be able to process payments using all these payment methods. Know your customers. What payment methods do they use? You want to buy a point-of-sale terminal that’s compatible with the maximum amount of payment methods. But, variety comes with a price—literally. You don’t necessarily want to pay for the ability to process payment methods that your customers never use, so research your options for the best fit for your unique customer base.
3. Size and Number of Terminals
Implementing multiple payment processing terminals is an important factor when you’re thinking about the number of transactions you expect your business to process on a daily basis. If you’re planning to use two or more POS terminals to process transactions, you won’t need as fast of a processing speed. This is also an important consideration when you’re thinking about size. If you want to have two POS terminals, you’ll need them to be smaller so they take up less space on your counter. More than one point-of-sale terminal means you’ll also need more space for customer lines. So if your terminals are smaller, it won’t be as easy for your customers to run into each other.
4. Ease of Use
Using your POS terminal should be easy for you and your customers. Choose a machine that you can set up easily and quickly adapt to using. When you’re training new employees, you shouldn’t have to spend much time teaching them how to operate your point-of-sale terminal. When your POS terminal isn’t needlessly complex, your transaction process will be fast and easy. By processing more transactions in a smaller amount of time, your business will experience maximum sales.
5. Level of Security
You obviously want a point-of-sale terminal that is safe and secure for your customers to use. Choose a terminal from a trusted company that won’t ever make your customers feel like their information is in jeopardy. This is one part of choosing your POS terminal that you should definitely research. Find a terminal with a strong reputation for security.
If you’re still not sure what kind of POS terminal is right for you, Wholesale Payments Direct can help! We offer a wide variety of POS terminals that are fast, reliable, easy-to-use, and always safe.
Keywords: POS terminal, point-of-sale terminal