Point of Sale Equipments in Australia

Regardless of the size of a business, point of sale (POS) systems are an essential part of every retail business. Unlike traditional cash registers that were used solely to process payments, modern-day point of sale (POS) systems are more advanced solutions that are programmed to perform multiple other tasks including tracking and managing inventory, tracking and managing employees, customer relationship management, and more. Therefore, it is essential to pick the right point of sale (POS) solution that would meet your business needs, within your budget. Before diving into the topic, let us discuss what a point of sale (POS) system is. What is a Point of Sale (POS) System? The place in a store where transactions take place is called the point of sale. In other words, it is the place where the customer pays for the chosen commodity/service and the merchant/sales assistant accepts the payment and issues a payment receipt to the customer, thereby completing the transaction. ...

Every successful retail business processes numerous transactions daily. To manage these volumes of transactions, physical stores require tools that facilitate the smooth functioning of a business operation. Cash registers or point of sale (POS) systems are known as the ‘heart of any retail business’. Even though both these terms are used interchangeably, there are stark differences between cash registers and point of sale (POS) systems. In this article, we have discussed cash registers and how they’ve evolved into modern-day point of sale (POS) systems.   What is a Cash Register? Cash registers are automated money handling machines that come with a cash drawer, prompt the amount of each sale, and record the amount received. Did you know that “In 2020, Cash registers were the world's 881st most traded product, with a total trade of $3.26B”? The cash register was invented in 1879 by James Ritty, a whiskey, wine, and cigar merchant to prevent theft. These sturdy devices,...