Do You Need a Pos Terminal For Your Business?

10th November 2009

The needs of businesses are constantly changing, simply because the

way that consumers want to do business are constantly changing. For

example, the needs of an online business owner are very different from

the needs of a traditional brick and mortar business owner. So, do you

need a POS terminal for your business?

POS stands for

Point-of-Sale. This means that the purchase is being made by the

customer at the place of business where a product or service is being

sold. For example, when you go to your grocery store and make a

purchase using your credit card, this is a POS purchase. During a POS

purchase, the customer may swipe their credit card or debit card using

an external PIN pad, or the employee of the business may take the card

from the customer and swipe it for them or input the numbers from the

card into a system using a keypad.

Any traditional brick and

mortar business that accepts credit cards will have a POS terminal. The

customers practically demand the presence of such a device for their

purchases, if credit cards are accepted, and most customers like to

swipe the cards themselves - without having to hand it to someone else

- for security purposes.

Online businesses typically use software

for credit card transactions, since customers do not come to their

place of business, and all purchases are made over the Internet. Many

of these business owners do not see a need for equipment that will

seldom if ever be used.

But there are many instances where online

businesses actually do require the ability to process credit cards

without an online environment, meaning that they need a POS terminal.

If you ever intend to participate in seminars, trade shows,

expositions, or any other type of environment where you will come face

to face with customers, you still need the ability to make sales in

those situations. Since these occasions do not happen that often, for

many businesses, you can look into the possibility of leasing the

mobile equipment that you need. Lease options are available for every

type of business, and equipment is available for every type of

situation that you can imagine.

Of course, there is the

possibility of getting the best of both worlds. Many companies that

sell terminals for credit card processing also include software for

online processing as well. This is an option that online businesses and

traditional brick and mortar businesses should strongly consider. If

you own an online business, and you think that there is ever the

possibility that you may need an offline solution for processing credit

cards, strongly consider this option.

A wide variety of choices

are available for a POS Terminal. There are wired and wireless options,

and these terminals can be very big, or very small. Consider your

business needs, and your customer's preferences when making your

selection. Also find out about the different features that are

available, and of course consider the difference of cost between

leasing and purchasing as well.