Point of sale

A robust tool for your business

Where products are passed from seller to customer

Point of Sale Systems 101

Summit Payments point of sale system

pOS

No wait, we’re talking about a Point of Sale system. Not the other meaning! The POS system in many ways is the heartbeat of a business because it is where sales are made. Modern POS systems range from simple mobile apps to complex integrated payment systems with cash drawers and credit card terminals.

The basics

Consider how often you use your credit or debit card. Point of Sale systems help businesses stay organized by tracking inventory or menu items and sales data. Many POS systems can even collect data like customers, purchase history, busy vs. slow times of day, and most popular items in the store or on the menu.

A secret weapon

Who benefits from a Point of Sale system?

You may be thinking that  POS systems are only for retailers and restaurants. While those are the two most popular industries, they certainly aren’t the only ones. So, then who else can benefit. It depends on a few factors. 

The cost of a Point Of Sale system greatly varies. Entry level solutions are typically designed for general use with a smart phone. More complex systems will include credit card readers and offer a vast selection of tools that will help manage your sales, and grow your business. When deciding on a POS system, it’s important to consider the current needs and future needs of your business.

Our VT platforms leverages end-to-end encryption and tokenization to help protect your customers sensitive data.

Also known as Levels 2 and 3 Processing. Some VT’s are capable of submitting additional card data which will help lower your interchange costs. Interchange optimization is a must for business-to-business or business-to-government transactions.

VT’s can securely store card information on file thanks to tokenization and encryption security. Card on file is perfect for repeat customers, recurring payment plans, or subscriptions.

VT’s include an online payment gateway for goods and services sold online. Payment gateways help create a frictionless buying experience across all platforms.

VT’s credit card processing includes access to comprehensive transaction reports. Helping you track and manage sales.

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Using your virtual terminal to process credit card payments is extremely easy. If you can surf the web, then you can use a virtual terminal.

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