What you need to think about when leasing POS sales and services in Coquitlam

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You might not know what a PoS system would be. But each A PoS system is a mix of hardware and software that efficiently runs and manages a retail shop. In addition to processing retail transactions, it can handle inventory, employees, customer loyalty programs, and process administrative, management, and marketing activities.

PoS stands for Point of Sale, where the sales occur when the customers exchange money for services and products. But thesedays, there are portable PoS systems also. Mobile PoS systems can operate on a range of devices from desktops, tablets to laptops and mobile phones, converting any region of the store a point of sale. The most common physical components (hardware) of a PoS system consists of a barcode scanner, PoS terminal, electronic scale, PoS printer, credit card reader, and cash drawer. The software features of a PoS system can differ based on the intricacy of every system. Payment processing, stock management, report generation, and staff management will be the primary features of a PoS system.

PoS Terminals

PoS Terminal is the unit where the software is executed. It’s, in a way, a cash register with superpowers. These electronic cash registers are equipped with  touch screens in place of the old style cash register’s buttons. In addition to recording transactions and issuing receipts, it can do far more with the applications incorporated into the terminal. You may link many devices such as barcode scanners, credit card readers, and cash drawers to the PoS terminal through USB or Bluetooth.

Bar Code Scanner

The retailers with massive inventory use barcodes to accelerate their inventory management and checkout processes. A barcode scanner is an optional device that you can link to the PoS terminal. Most retailers  don’t hesitate to buy them as it helps for a swift check out process.

Credit Card Reader

Sometimes this is referred to as a credit card terminal as well, and sellers use them to process credit card payments. These card readers may read the magstripe by swiping the card and scanning the chip in the card. The most modern devices can accept NFC (near-field communication) payments from cellular payment providers such as ApplePay, GooglePay, etc..

Cash Drawer

Even Though most customers prefer to pay with credit/debit cards, many businesses still require a cash register to support the customers who pay in cash. You can connect PoS compatible electronic cash drawer to a PoS terminal. These electronic cash drawers come in several sizes to help businesses of different scales.

Integrated Payment Processing

PoS System can directly connect to the applicable banks and process the card payments in-house. Since there’s absolutely no third party involved, this assures secure credit card payments.

Inventory Management

Retailers can keep track of their stock and maintain it with the help of this feature. With real time stock tracking, the merchants can organize, categorize the purchases. At any particular time, they can assess the status of their inventories using a PoS system.

Report Generation


The preset reports offer a vast selection of reports from earnings, stock, workers. Retailers may have a realistic idea about the shares, performance of the store, staff, and high-volume sales periods to make the company more efficient and generate additional profits. Most shops have PoS printers linked to their PoS systems, which makes it convenient to print the reports which are helpful to scrutinize sales progress. 

Staff Management

It enables to set different degrees of accessibility to this PoS system. The front-end staff, back-office staff, and the administraion will have custom access. That way, the administration can control the qualities and information available for your staff members. Also, this attribute can schedule work shifts, monitor working hours. In addition, it may evaluate the performance of the staff members, based on their respective job performance.

A PoS system can make a significant change in the way you operate your retail store. You can make educated decisions and grow your business in the coming years.

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