In the simplest terms, POS terminal hardware refers to the place where retail transactions are processed and completed. The merchant calculates the amount and provides the customer payment method, the customer pays, and the merchant accepts and processes the payment. (You can see why the phrase "point of sale" is an easier way to describe this situation.) Therefore, POS terminal hardware is the device that actually completes the work of accepting and processing customer payments.
POS terminal hardware has four important components
A mobile device such as a touch screen display or an iPad with a POS application. It has display product database and promotes other functions. In a basic POS system, it can be just a cash register with buttons. It may be a monitor or just a tablet. Touch screen devices are an important part of any complete point of sale system. It can improve the work efficiency of employees.
Although more and more consumers prefer online payment, cash payment is still an important part of small business transactions. Therefore a cash drawer is needed. Generally speaking, the cash drawer is mainly used to store cash, checks, vouchers and receipts. If you purchase the components of the POS terminal system separately, please make sure that the cash drawer is compatible with the POS system.
The last item that ties the POS system together is the receipt printer. At the end of each transaction, it is generally necessary to withdraw the proof of the counter transaction from the customer. It usually appears in the form of a paper receipt generated by a receipt printer. No matter which style and model of cash register receipt printer you choose, please make sure you have enough correct related consumables, such as receipt paper or printer ink and ribbon. If integrating with an existing point-of-sale system, make sure to use a suitable cable for connection.
The credit card reader is another necessary component of the POS terminal hardware. As more and more consumers use credit and debit cards as their preferred payment method, you need to ensure that customers have this option in your business. In addition, please ensure that the card reader can accept EMV transactions, NFC or contactless payments, as well as traditional magnetic stripe (swipe) transactions.
You may also need some additional hardware components, such as a barcode scanner. Online exclusive merchants don’t need one. However, for those who own physical stores for inventory management, scanners are important. Another additional piece of hardware is the iPad stand, suitable for those who want to move a POS terminal. Just make sure that the size of the stand you get is suitable for the iPad model you have.
Obtaining the right hardware components for your POS is the first step to make transactions smoother. Nowadays, mobile POS hardware is becoming more and more popular. It seems that it has no plans to slow down.
Usually POS hardware is a one-time fixed cost, and the general price is between $600 and $1200. Of course, this is only an estimated amount. There are many POS hardware suppliers on the market, and the prices of their products are not the same. You need to find the most suitable supplier based on your business needs.
These are relatively excellent POS terminal hardware manufacturers and suppliers. You can find out where they have many products.
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