There are a variety of different POS systems available, from streamlined, more basic solutions to bigger devices that offer more features. Each different system usually caters to specific business needs.
These are some common types of POS systems:
Mobile POS system
A mobile POS system can work in two ways, either using a smartphone or tablet with a separate terminal or by turning any mobile device into a payment terminal using Tap to Pay.
Standalone POS systems
These are traditional fixed POS systems that are often used in retail stores. They include a computer, monitor, cash drawer, receipt printer, and barcode scanner. They can accept cash, chip and pin, contactless, and digital wallet payments.
Cloud-based POS systems
Cloud-based POS systems usually integrate both online and in-person payments. All data is stored online, allowing businesses to access their transaction information from anywhere. They’re usually licensed through software providers who charge users via monthly or annual subscriptions and offer features such as data dashboards and inventory management tools.
Self-service kiosks
Primarily used in industries where customers need to self-serve, for example fast-food and retail, self-service kiosks let customers place orders and pay without needing assistance from staff. You’ve likely seen them lined up in your local McDonald’s or Burger King. In retail stores, they can allow customers to purchase products online through the kiosk and be picked up at a later date. They accept various types of payments such as credit and debit cards, contactless payments, and digital wallets.
