If you own and/or operate a brick-and-mortar retail store, you need a few pieces of point of sale hardware to record purchases and process payments. Whether you own a restaurant that offers delivery services that accepts payments at the door, a café that accepts payments tableside, or a jewellery store that accepts payments in-store, point of sale hardware is what you need to make these payments a possibility.
Learn more about the following pieces of point of sale hardware that every business needs, and consider if your business is set up for success.
A POS Solution Setup
A point of sale (POS) solution is typically comprised of a couple different pieces of hardware that allow employees to process purchases. A POS solution differs from a point of sale software, as the software is just one of the many things you need in a full solution. A POS solution setup could include:
- A computer or tablet
- A point of sale software
- A receipt printer
- A barcode scanner
- A cash drawer and/or receipt drawer
A POS solution helps not only accepts different forms of payment, but can also track inventory, customer management, and keeps the recording of purchases simple.
A Payment Terminal
When customers are ready to make a payment, it’s important that you have a payment terminal ready to process card-based payments. There is a variety of different payment terminals in the market to meet the needs of your business, including:
- Short range
- Long range
If you intend to take card-based payments, a payment terminal is a piece of hardware every business needs.
Back-Up Terminal Supplies
Regardless which POS solution you decide to use, it’s important to remember to always have a backup of the supplies they need to run. This includes printing paper for receipts, accompanying sleeves for gift cards, specialty papers for labels and vouchers, as well as many other accessories for your POS hardware. If you’re already a Moneris merchant, you can order your supplies directly online at shop.moneris.com.
For more information to help you determine what point of sale hardware your business might need, read our other articles The Best Moneris Products for Starting-Out Retail Stores and The Best Moneris Products for Starting-out Professional Services Businesses.
The information in this article is provided solely for informational purposes and is not intended to be legal, business or other professional advice or an endorsement of any of the websites or services listed.