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The right technology can streamline your business. If you’re using a decades-old hand-held countertop terminal that's only good for ringing up purchases and printing out receipts, it might be time for an upgrade. New POS systems aren’t just a way to accept payments—they are software powerhouses that help merchants streamline business processes and drive sales.
The right point-of-sale (POS) system is an important decision for your business. After all, a POS system is the hub of your business—and finding one that aligns best with your company is key.
Because of connections between many large payment processors and point of sale system providers, switching your merchant services provider can sometimes be an investment—both in time and money. Licensing fees, service contracts, and various other costs are an unfortunate but necessary hurdle for some businesses. However, switching POS systems can often reduce your expenditures. Not only POS systems, but sometimes it’s possible to onboard with a new service provider without changing hardware, while the savings over just a few months usually cover the cost of your POS switch.
Interested in better customer service, increased sales, and multiple opportunities for engagement? A tablet point-of-sale (POS) system can offer this and more for your credit card processing needs. In fact, many retailers are ditching traditional cash registers for cloud-based tablet POS systems thanks to mobile credit card payments, quick processing, and a streamlined platform for sales and inventory management.
As today’s consumers embrace credit cards as a preferred payment method, merchants must respond accordingly. One tool they can leverage is a virtual terminal—a virtual point of sale that allows businesses to accept card-not-present transactions by manually entering credit card details over the phone or online. These web-based solutions transform merchants’ devices into credit card machines and enable them to securely process one-time and even recurring payments. Here are five types of businesses that can benefit most from implementing virtual terminal payment processing.
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