Choosing a point of sale system is easier when you know what to look for. Use this checklist as a guide, and you’ll be on your way to finding the best fit for your store.
Keep your eyes open for a point of sale that:
1. Accepts Diverse Payment Methods
With a number of new payment systems entering the retail market, from Apple Pay to Google Wallet, it’s a smart choice to have a point of sale (POS) system with diverse payment options. Look for a system that accepts Flex, HRA, HSA, gift cards, and more. A point of sale that handles multiple forms of payment will save time and frustration in the future.
Is your system ready for EMV payment? EMV—which stands for Europay, MasterCard, and Visa—is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions, according to an article by CreditCards.com.
Credit card fraud is a serious matter. Point of sale systems are adding EMV capability to protect businesses from the upcoming liability shift associated with fraudulent card-present transactions. Enabling EMV provides extra security for your store and supports the public perception that EMV is better for customers.
2. Includes Mobile-Friendly Options
If you’re looking for at-your-fingertips convenience, ensure your POS system is mobile-friendly. Business owners can’t always be in the back office or at a register, so having your information readily available, no matter where you are, will be a lifesaver.
In a recent study by IDG Global, 92 percent of executives own a smartphone used for business.
3. Offers Cloud Accessibility
More businesses are depending on Cloud data storage to extend their business processes. Mobility, flexibility, versatility—software that utilizes both on-site storage for critical data and Cloud-based access for ancillary functions is a smart move for business owners.
4. Gives Your Store the Upper Hand
A POS system should do more than just meet your needs; it should go above and beyond your expectations. From a user-friendly design to excellent customer support, your point of sale should have all the right tools to care for your store. After all, this is your hard-earned business!
The platform should be quick to set up, should work with other accounts and services, and meet your unique business integration needs.The system should have bi-directional electronic integration with your suppliers, and must cover the regulatory compliance issues present in your marketplace. The point of sale should also improve your customer’s shopping experience. Have a list of your requirements ready!
5. Promotes Variety and Ease of Use
Your point of sale should be intuitive and simple to operate. As a store owner, you should be able to:
- Choose from numerous loyalty programs freely
- View every customer to ever purchased specific items
- Utilize an automatic tax calculator for your store
- Support credit cards on file and E2E encryption
- Implement sophisticated features that fit the complications of your business
- Automate inventory levels based on the analysis of market-driven seasonal demands
6. Provides Top-Notch Service
Excellent customer support doesn’t have a time limit. What happens if you need to talk to someone after business hours? Ensure your point of sale provides access to an extensive knowledge base, training videos and documentation, and 24/7 customer support.
7. Retains a Reputable, Professional Network
When it comes to learning about a reputable point of sale system, the customers say it all. Are there good reviews? Which store types use this system? What are the advantages of using the system, according to the customers? Ask for a list of references and learn about how the system works in other stores.
Finding the Right Point of Sale System
Choosing a point of sale is an important investment. Be sure it’s a correct fit for your store!
What are some must-haves in your point of sale system? Let us know in the comments below.
We Suggest Paladin Point of Sale
Paladin specializes in point of sale software that is built specifically for pharmacy, retail, and hardware stores.
With Paladin, your setup is expertly guided and system operation is straightforward. Paladin Point of Sale is easy to learn, simple to operate, and built for all levels of technical expertise. Learn more about Paladin’s powerfully simple point of sale solution.
If you have any questions about Paladin Point of Sale, contact us at 800-725-2346.