A recent report by global marketing insights estimated that mPOS terminal market size would exceed USD 1000 billion by 2023. That’s quite huge, but the rising use of smart technologies has supported the deployment of mPOS terminals.
As mobile POS systems offer multiple benefits over traditional POS, businesses can rent out mPOS terminals at affordable rates to thus enhance their scalability.
Let’s check some of the handpicked mPOS systems to help make businesses make the right decisions.
- Square
With grand suites of features that work for retailers, the Square platform has a major presence with quick-serve restaurants and cafes. The software is so versatile that it’s commonly used among retailers and mobile service businesses.
Some of the key features of Square are– accepts multiple payment types, prints order tickets, accepts slip payments, gives customs reports and sales, and list goes on.
Apart from this, the mobile POS has no monthly fee. it just charges a flat rate processing fee of 2.6 percent + $0.10 per transaction. This kind of processing is suitable for low-volume, low-risk businesses.
Where Square shines is at its prices. The prices are competitive and upfront, thus making Square a well-rounded and the most intuitive all-in-one POS system.
- Clover
Know for its simple interface and rich features, Clover sets itself apart as being an all-in-one mobile POS system. With a wide array of hardware options, it helps businesses–small to mid-sized with their websites and expanding their online presence.
Clover has set itself apart from others with very deep features set for cost, making it a popular choice among businesses. Some of the standout features are– a customizable dashboard, digital receipts, virtual terminals, multiple payment options, real-time reporting, itemized orders, and many more to the list.
Clover’s hardware and processing rates are desirable if you are in the market for a Mobile point of sales. The various products it offers pair seamlessly with each other and its interface is the most convenient to use.
- Lightspeed Retail
Lightspeed offers services to all–small to large franchise businesses. With built-in payment processing and eCommerce, it offers an excellent mobile POS system to both retail and restaurants. Its retail iPad app offers myriad features which are set for all kinds of businesses. Some of the advanced features are– advanced reporting, store credit, inventory management, bulk items, purchase orders, CRM, and multistore capabilities among others.
Lightspeed uses payment processing services that integrate with multiple other processors like Worldpay, Cayan, and others. With the system installed in iPads, employees can take payments from the sales floor, and show customers images and descriptions of the product, thus cutting the waiting time.
The system has become a massive player in the POS world as it has one of the deepest feature sets available. With the factor of affordability into play, small industries have gained access; thus making the system widely used in the past few years. Lightspeed has made it easy to address a few gaps through its advanced tier of services.
- Toast
The Toast POS system is one of the most convenient Android-based mobile POS for restaurants and bars. The POS software includes cloud-based reporting, menu management, a kitchen display system, and many more. Businesses small to large can purchase Toast’s digital ordering suite without needing to buy any hardware.
Businesses can turn to Toast as it was built for restaurants and it has everything a business establishment needs. Some of its key features include– Online ordering, contactless delivery, eGift support, QR code payment, multiple payment options, KDS compatibility, marketing, and loyalty programs.
As the system is highly mobile it offers a custom-built handheld point-of-sale device called–Toast Go. It is completely compatible and is tailor-made for restaurants. One of the key aspects that makes the app widely used in restaurants is its hardware. It is intuitive and ahead of the game when it comes to contactless options and online ordering.
- Shopify
The Shopify system though started as an eCommerce provider has integrated payment services alongside a surprisingly robust POS system. It is famously known for upgrading and scaling businesses’ growth. Some of the pros of using the app are that is it pocket-sized helps take payments on smartphones, it’s a great system for craft fairs, farmer’s market, and pop-up shops.
Let us look into the impressive array of features by Spotify– customizable templates, integrated hardware, custom permission, advanced inventory management, marketing, unified reporting, online ordering, integrated loyalty, and many more.
The hardware kit offered by Spotify has readers for payment processing. These can be easily purchased along with additional benefits like individual items, such as cash drawers and printers.
Wrapping Up
Thus we can conclude by saying that the Mobile POS system offers an array of benefits for small to large businesses. Businesses with traditional brick-and-mortar stores can take the utmost advantage of the mobile POS system. And we can agree these systems have enhanced features like portability, and advanced web-based features to help scale businesses.
For more such Updates Log on to https://fintecbuzz.com/ Follow us on Google News Fintech News
