POS for small businesses: learn here 5 advantages of this payment system

From a medical service to a hair salon, small businesses, especially those that are expanding, have the need to use tools that facilitate and organize work for their clients such as point of sale or POS systems (for example). its acronym in English). “A POS system is a device that allows you to accept card payments”explains Ximena Vargas, CEO of SumUp Perú.

These systems allow you to charge customers, accept payments and make sales immediately, selling through multiple payment methods such as cash, credit cards and QR codes.

According to Vargas, businesses that do not use POS systems usually have various efficiency and accounting problems, thus affecting users and the level of sales. Next, We tell you the five advantages or benefits of using POS systems in small businessesAccording to the executive:

1. Greater sales. By accessing the network of shops or businesses that accept electronic payments, income increases. When customers have multiple options to pay, it is easier for them to complete the purchase.
2. Save management time. Keep track of sales and make tax calculations easy with personal income reports. Manage multiple employee accounts from one place. Keep track of your tips, manage cash payments and send digital receipts.
3. Simplicity. Merchants only pay a small commission for each transaction, with no rental costs or additional fees.
4. Flexibility. SumUp Air, for example, was designed as a portable POS that supports the mobility of your business. It goes wherever you go: a fair or an event in any location.
5. Improvements in security and fewer losses. POS systems allow sales information to be stored securely in the cloud. In addition, businesses will be safer for employees and customers, since, by handling less cash, there is less exposure to theft. Finally, associated businesses will have lower losses due to non-payment by buyers, since, in the case of credit cards, The payment risk is assumed by the financial institutions.

“The possibility that more businesses can access electronic payment methods is essential to reduce inequality gaps, and promote the banking services that our country needs so much,” said Vargas.