You might think, why else would I need a POS except to ease payment for customers? Well, that’s a good reason, but that is not the only reason you should get a POS. Today, we will be looking at these other reasons and what they mean for your business.
Cash inflow management: with a POS, it is easier to track all the cash inflow through the statement of the account linked to the POS. You can also easily verify the day, exact amount, and possibly the attending staff in case of disputes.
Customer experience: it contributes to the overall customer experience of your business. Payment is not only easier but also faster. It leaves a good impression on the customers. And it also means you can cater to more customers.
Limits errors: POS limits the possibility of accounting errors because the records are available and accessible to show accurate figures. It also minimizes the error of underpayment, which is a loss for the business, or overpayment, which can negatively affect the business image. Whichever the case, it can be fixed just by presenting the receipt or referring to the account statement for proof of the amount paid.
Security: POS payment means you have less cash at hand and keep less cash on the premises. This, of course, reduces the risk of robbery and even stealing by rogue employees. It is easy to notice missing money when you hold less cash.
Sales Report: while you cannot depend entirely on the POS for the sales report, the data of payments made via the POS provides a good overview of how sales are going. It even helps you to track sales across multiple outlets.
Everyone is embracing the cashless economy more and more, so we can rightly say a good number of your customers are open to paying with a POS machine. And thanks to the evolution of agency banking, POS machines have become more popular among people who would naturally prefer cash.
However, you should not just be getting any POS, it should be the Redbiller Instant POS. With Redbiller, you get all the benefits listed above plus:
- Instant settlement
- Full ownership
- Zero targets
- Linked to Workspaces
- Hands-on support
- Available over the API
- Great design
You can now order your Redbiller Instant POS directly from your dashboard and have it delivered straight to your doorstep. For further enquiries, kindly send a mail to [email protected].
