point of sale system ( POS )

A point of sale system is a combination

of software and hardware that allows

merchants to take transactions and

simplify key day-to-day business

operations.

Software and Hardware Components of POS Systems

As we look at the components of POS systems,

it’s first important to understand the software

options available and what each requires.

Software Components

There are two common software deployment methods:

On-premise: A traditional software model. Purchase one or more licenses upfront for the software and install it on your computer system or servers. You’re in charge of updating and maintaining the software, which may require dedicated IT personnel for larger organizations.

Cloud-based: Also known as Software-as-a-Service (SaaS) POS solutions. You access and support the system via the internet. Don’t worry—if your internet goes down, most systems track sales and sync them once you’re back online.

Crucial POS Hardware

Hardware Components

Regardless of your chosen software deployment method, the hardware is the same. the following hardware

components are crucial for supporting POS software:

Cash drawer: It may fade away in the years to come, but cash is still king. And as long as it is, you need a secure place to store cash for transactions. Additionally, there are no credit card fees tied to accepting cash.

Receipt printer: Email and text receipts are gaining popularity, but paper receipts are still important for providing customers with a quick snapshot of their purchase. You can print employee sales totals, hours and other information.

Barcode scanner: Automates the checkout process. Scanning barcodes pulls product info and adds it to the checkout total. Barcodes, when scanned, may also integrate with inventory management systems to automatically adjust stock levels.

Register screen: Standard monitor that displays the product database. Enables other functions, such as employee clock-in and viewing sales reports. Tablets—especially iPads—are popular for replacing bulkier monitors.

Credit card reader: Secure and EMV-compliant credit card readers are extremely important for retailers since the EMV payment standard went live in October 2015, and non-compliant retailers face potentially huge losses on account of fraud liability.

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Software and Hardware Components of POS Systems

Software Components

Crucial POS Hardware

Hardware Components

Cash drawer: It may fade away in the years to come, but cash is still king. And as long as it is, you need a secure place to store cash for transactions. Additionally, there are no credit card fees tied to accepting cash.

Receipt printer: Email and text receipts are gaining popularity, but paper receipts are still important for providing customers with a quick snapshot of their purchase. You can print employee sales totals, hours and other information.

Barcode scanner: Automates the checkout process. Scanning barcodes pulls product info and adds it to the checkout total. Barcodes, when scanned, may also integrate with inventory management systems to automatically adjust stock levels.

Register screen: Standard monitor that displays the product database. Enables other functions, such as employee clock-in and viewing sales reports. Tablets—especially iPads—are popular for replacing bulkier monitors.

Credit card reader: Secure and EMV-compliant credit card readers are extremely important for retailers since the EMV payment standard went live in October 2015, and non-compliant retailers face potentially huge losses on account of fraud liability.

The SOFPOS System is Best for Your Retails Shops, Supper Market, Restaurant, Garments Shops, Hotels, Medical Stores and whearhouses Business

Software and Hardware Components of POS Systems

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Software Components

Crucial POS Hardware

Hardware Components

Cash drawer: It may fade away in the years to come, but cash is still king. And as long as it is, you need a secure place to store cash for transactions. Additionally, there are no credit card fees tied to accepting cash.

Receipt printer: Email and text receipts are gaining popularity, but paper receipts are still important for providing customers with a quick snapshot of their purchase. You can print employee sales totals, hours and other information.

Barcode scanner: Automates the checkout process. Scanning barcodes pulls product info and adds it to the checkout total. Barcodes, when scanned, may also integrate with inventory management systems to automatically adjust stock levels.

Register screen: Standard monitor that displays the product database. Enables other functions, such as employee clock-in and viewing sales reports. Tablets—especially iPads—are popular for replacing bulkier monitors.

Credit card reader: Secure and EMV-compliant credit card readers are extremely important for retailers since the EMV payment standard went live in October 2015, and non-compliant retailers face potentially huge losses on account of fraud liability.

The SOFPOS System is Best for Your Retails Shops, Supper Market, Restaurant, Garments Shops, Hotels, Medical Stores and whearhouses Business