What is cloud point of sale system

A could POS system is an online point of sale system that allows business owners the ability to process payments through the internet rather than a desktop computer. Cloud-based POS systems let operators store transaction, inventory, employee and other business data on a remote server.

Given that cloud POS systems fall under SaaS (Software as a Service) they often employ a subscription model for business-owners. As an owner, this means you have access to tech support, automatic software updates (a big selling point from traditional POS systems), staff training and dedicated account management, plus enhanced encryption security.

This technology provides business owners the opportunity to operate more competently, and effectively for their consumer-base. Transactions are faster, safer, and track more data than ever before.

Cloud POS systems are also capable of running on virtually any device – including a tablet or cell phone. Small businesses such as boutique retail operations, food trucks, mom and pop restaurants, home service providers, etc. highly benefit from these systems as they are more-feasibly transportable for on-the-job transactions.

That’s not all either – cloud-based POS systems also allow operators to access their point of sale from any location as well and manage their business remotely. With the advancement of internet technology, most cloud systems rely on a wireless network, so there isn’t a need to connect physically to a land-based server.

So what are the components of this savvy modern payment system? Well, it can be made up of hardware and software. A stable touchscreen is needed to serve as the system monitor, allowing consumers to utilize a pen, or fingertip, to navigate through the transaction. A customizable customer touchscreen display provides the business owner the opportunity to ask customers to sign up for loyalty programs, review orders, sign receipts, etc. And of course a card reader is required to take payments.

A hard drive is also a necessary component to ensure efficient system operations. Some cloud-based systems have upgraded to SSD (solid state) hard drives, which run smoother and more efficiently than standard hard drives. A router can be included to allow the business owner the ability to securely send data between various devices, and a printer to provide hard copies of any necessary documentations.

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