While the 5G network, digital currency, plastic money, and social distancing are taking over the world. Today most of your customers will pay you by card; it is undoubtable that a quick and effective network will result in better and efficient sales. If your business already has traditional POS software in use, then you know the way how it works.
Traditional POS software is a fixed set up with touch screens, printers, and cash registers. With the innovation of cloud computing, the deployment of software has become easy and effective.
Mobile Point of Sale software (MPOS) is possible due to cloud computing. It is the latest trend used by many business owners because of the portability. The deployment is on mobile phones, tablets, and other portable devices to collect and track payments. Contactless is the new normal; customers prefer UPI and NFC payments to complete the transaction. MPOS is a perfect solution for businesses to complete transactions on the go; for customers who want contactless payments.
In this blog, let us take a deep dive into the benefits of the mobile point of sale system and why it is becoming popular.
One of the best benefits of MPOS is that it does become heavy on your finances. Businesses, rather than investing in traditional systems with infrastructure and huge costs. You can opt for mobile POS software with cheaper maintenance costs and monthly subscriptions. This benefit enables your team to access customer information from anywhere and complete a sale at a less expense.
- Easy checkout and returns:
Checkout and returns are vital parameters to enhance the customer experience. According to the research; done by Verifone, a customer would not wait more than 5 minutes in a line during checking out of the products, and you would lose the sale.
Mobile point of sale software is a perfect solution for businesses to accept card and mobile payments. Hence reduce the checkout time and process easy returns.
The most effective way is to make MPOS application and share it on the play store; customer needs to scan and pay. In this scenario, you can keep an employee or guard to check the bill. The purchase links to the mobile number or email, the customer can return with ease and customers happy.
- Reduce businesses liabilities:
Protection of customer data helps your business to gain a client’s trust. MPOS does not store any card details that reduce the risk of security breaches. The vendors have the best cybersecurity in place, and they also encrypt the transactions or data to comply with data protection.
- Detailed purchase history:
MPOS gives your team access; to the purchase history of the customer, loyalty rewards, and browsing history to give your employees detailed insights into customer behavior to personalize the customer experience. The management can retrieve the sales data with a single click to monitor and track sales per employee.
- Minimum set up:
The mobile point of sale system has a minimum and easy setup. The best system; will not even require complete hardware; your team needs to download the application on their phone and need access to the system. MPOS will have an easy-to-use interface so that everyone in the system; can access the information with ease. It is a boon for small and medium-sized businesses to grow at an exponential rate.
- Easy integration with other software:
The best mobile pos software will integrate with the other software which you already use. This feature helps business leaders to access all the necessary information in a single platform and streamline the operations.
- Authentication of the customer:
Smartphones today have biometrics and face recognition features in them. MPOS will help the organization to verify the customer before completing the sale. This feature is helpful to portray security and convivence to your customers.
MPOS is a revolutionary invention of cloud computing that has helped many small and medium-sized businesses grow. We have discussed the benefits of mobile POS software. If the technology is budget-friendly and offers endless features; no doubt that it will gain popularity.
Sheetal Kamble is a passionate digital marketer. With her forte in POS technology, she can simplify complex POS solutions for small and medium-sized businesses. When not in front of the screen, she is either bungee jumping, scuba diving, or off-roading.