Types of POS terminals available, each with its own features and functionalities.
Traditional Wired POS Terminal: These are the conventional countertop POS terminals that are connected to the merchant’s point of sale system through wired connections, such as Ethernet or serial ports. They usually have a built-in keypad, display screen, and card reader to process payments. These terminals may also include additional features like receipt printing and barcode scanning.
Wireless POS Terminal: Wireless POS terminals offer the convenience of mobility, allowing merchants to accept payments anywhere within their business premises. They typically use wireless technologies such as Wi-Fi, Bluetooth, or cellular networks for connectivity. Wireless terminals are especially useful in environments where mobility is required, such as restaurants or outdoor events.
Mobile POS (mPOS) Terminal: mPOS terminals are software applications or small devices that can turn smartphones or tablets into mobile payment terminals. They utilize the device’s built-in features like camera for barcode scanning and card reader accessories or contactless payment options for accepting payments. mPOS terminals are popular among small businesses, independent merchants, or for on-the-go transactions.
Virtual Terminal: Virtual terminals are web-based applications that allow merchants to process card payments using a computer or laptop. The merchant enters the customer’s payment information manually, eliminating the need for physical card readers. Virtual terminals are commonly used for phone or mail order transactions where the card is not present.
Integrated POS Systems: Integrated POS systems combine the traditional POS terminal with additional features like inventory management, customer relationship management (CRM), and reporting capabilities. These systems integrate with the merchant’s point of sale software, enabling seamless transactions and streamlined business operations.
Self-Service Kiosks: Self-service kiosks are POS terminals that allow customers to initiate and complete transactions on their own. They are commonly seen in retail stores, restaurants, or ticketing centers. Self-service kiosks typically have touchscreens, card readers, and printers to facilitate payment and issue receipts.
