Running your own business whether online or in a physical store is one of the best and yet most challenging things you'll do. Owning and keeping the business going requires a lot of effort, energy, and thinking of many things (sales, employees, salaries, attracting new customers and keeping the old ones). Among the many things you have to think of is of course the payment part. Without this, your business can't function. You have probably heard about the POS system. Having suitable POS hardware is everything.
This is why you should invest in Vend POS bundle. Vend started in 2010 with a mission to help retailers modernize their business and provide them with tools that will help them achieve that. Easy to work with and beyond helpful, Vend offers you the right POS bundle that will ease your work and help you focus on other things that will make your business grow even bigger.
How Does a POS System Work at a Small Business?
Step 1
A customer decides to buy a product or service, so if the business owner has a physical store, they will do their purchase directly in the store. The sales associate will use a bar code scanner to check the item's price. Some POS systems allow the seller to visually scan the item by using the camera on a device. For online stores, this happens when the customer finishes adding items in their cart and checks out the products by clicking on the check out button.
Step 2
The POS system will calculate the price of the items (including tax or sales) and then will update the inventory count to show that the item is sold.
Step 3
The customer pays. To finish the purchase, the customer should use their credit, debit, or tap card, add gift cards or loyalty points. Then the customer's bank will authorize the transaction.
Step 4
The POS transaction is done. At this point, the sale is completed, and the payment goes through; a digitally printed receipt is made, so you can ship or give your customers the items they bought.
What Hardware and Software Post System Includes?
Register - helps you calculate and process a customer transaction.
Connect device (tablet, iPad) - a portable device that works as an alternative to a monitor. It can be propped up with a stand, letting your team clock in and out.
Credit card reader - lets your customers pay with their cards in-store (contactless, chip card, magnetic stripe card).
Cash drawer - it's a smart idea to have a safe place to keep the cash. POS software that's connected to cash drawers minimizes fraud by checking exactly when it was opened.
Receipt printer - this will show your customer when and what they purchased and how much they paid.
Bar code scanner - it reads the item's product details. It's a fast way to double-check the price and other details.
Why Get Vend POS Bundle
Vend POS bundles support the current hardware you have and you don't have to be an IT genius to set it up. Even if you're currently using another pint of sale system, you can still use Vend to work with your barcode scanner, printer and cash drawer or other devices. Vend can run on any device with a web browser, so your desktop computer, laptop or iPad are suitable for it. If you are starting brand new, you can check Vend POS bundle and get all the necessary devices you need to run your business successfully. However, you can always mix and match the hardware.
How Payment is Processed
Also, the POS system can accept card-non-present transactions which occur when your client and their card aren't in front of you, so you have to manually enter the credit card info. This happens when a customer enters their payment details when they check out products online.