On-premise POS System features
Electronic point of sale system features both hardware and software. The device includes the physical gadgets installed to facilitate cash collection, receipt/invoice printing, scanners to scan documents and images, a display screen to view ongoing transactions and other facilities according to the sophistication of the POS system.
Cloud/remote end of a POS
The crucial part of any financial transaction is security. The backend of the POS is a system much larger than the on-premise end as it is usually “Software as a Service” provided by a third-party POS provider to serve multiple of merchants to facilitate business transactions on their behalf.
To access the cloud end of the POS requires the use of the internet. The system is configured in a way to take account of all transactions even if the web fails at it may happen in some cases.
The point of sale system, who is it for?
Modern business transactions call for new ideas about how to deal with the customer-seller relationship in exchange of goods and services. Therefore, anyone in business who wants to facilitate smooth business transaction requires a POS. in most cities and even in remote local areas, POS offers better business deal between buyers and sellers.
Advantage of POS system
You don’t have to carry cash to buy whatever you need where POS is available. Increasingly, the credit based economy demands a better deal in money handling where most buyers have to go around with electronic money that can be accepted electronically.
POS brings trust and helps both the merchant and customers to transaction freely without cause to worry about payment. It also offers safety of financial dealing as every aspect of the financial transaction is documented and traceable.