The era of monetized software is slowly coming to an end as freeware becomes widely available. These days, your point of sale can become whatever you want it to be. Payroll information is automatically recorded to reduce the need for clerical staff.ĭelivery and mobile versions of your business can be deployed to stretch your reach and thus your profits.īudgeting and inventory needs are made available without complex data entry.īetter inventory control translates directly into fewer lost sales. Low stock levels are instantly recognizable. Software with easy-to-use prompts reduces margins of error. The causes of these effects are wide ranging.Ĭash register time is reduced, shortening lines at peak hours. Your mobile credit card reader can even reduce your staff complement. Profit margins rise by 25% and net profits increase by 30%. A well-deployed POS typically lifts sales by 20% and reduces expenses by 15% within six months.
Since the personal computer became a part of retail store point of sale systems in 1983, sales have been rising and expenses decreasing. Point of sale systems may seem like one of the most pointless parts of your business to strategize, but the reality is quite the contrary. Increase your payment acceptance by taking debit, credit and contactless payments. Is your business ready to tackle payments? Get the SumUp Card Reader!
BLUETOOTH CREDIT CARD READER FOR IPHONE ANDROID
The Air card reader connects via Bluetooth to Samsung Android and iPad too. SumUp is a credit card reader for iPhone and Android.
There is a reason the data revolution is still buzzing with energy: it drives revenue exceptionally well, and you needn’t be loyal to only one operating system. You can even discover the geographical areas that are serving your business best. Power Query streams your data into the cloud so that it’s available to all branches of your company, and Power Pivot crunches your data into usable models. This way, you can not only find out which staff are pushing the most profits, but also what stock is performing best for your company. Once your data is in Excel, you gain the benefit of Microsoft’s analytics sites. Your credit card reader can keep track of your stock, feed figures into Excel spreadsheets, and automate your payouts until they’re ready to be processed by your accountant. SumUp also comes with a range of applications that lift weight off your bookkeeper’s and even marketer’s shoulders. If you have a traveling company, your point of sale easily moves with you. If you’re a small merchant, this technology is budget-friendly enough to bring your business into the new era. This is not necessarily the most powerful benefit of a mobile credit card reader.ĮMV readers are packed with software and hardware that enhance the way you do business. When the UK introduced chip and pin cards to the market, it enjoyed a 70% reduction in counterfeiting over a decade. It’s currently nearly impossible to counterfeit. Making Sense of the ChangeĮMV technology operates through a chip that’s kept on the client’s card. That label goes to the fact that those who don’t have an EMV credit card reader now have to cover the fraud loss themselves.Īll that’s required to bolster your business’ liability is the capacity to process chip and sign cards. insists on the chip and sign transition.Ĭriminals pushed counterfeit card fraud up by 12.5% in a bid to benefit from the lack of security while they still can, but that’s not the absurd part. Fraudsters have been working overtime to exploit magnetic strip technology before the U.S. is dragging its feet on the transition to EMV technology. Chip and sign cards are a seamless and airtight solution that have already proven themselves in UK markets, yet the U.S. Payment nightmares had become so all-encompassing in 2015 that the USA was responsible for 47% of the world’s credit card fraud. The End of Credit Card Fraud in One Simple Step This way, your profits go where they belong: in your account. The mobile point of sale company has stretched to include some 31 countries, and its success can be pinned on one simple fact: This is a reader that focuses on what businesses need from their readers, and not what banks want. soil after a successful launch in the Europe. SumUp has at last directed its attention towards U.S. Imagine a point of sale that’s as mobile as your delivery team. Imagine a reader that uses any iOS or Android device as its hub. Imagine paying only for the cards you process. Imagine a credit card reader that you can slip into your pocket and process miles away from your brick-and-mortar business.
How reducing staff by implementing a POS system increases profit The history of the evolution of the POS system How EMV technology promotes security for credit card readers
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