A point of sale (POS) system is an amalgamation of hardware, software and payment transfer protocols for retailers. For businesses of different scales (small, medium or large), POS system offer different specific features. When talking about a small business, it is essential to know the expectations from a POS system in terms of tools and services. This will depend upon the kind of business because different small-scale businesses have different needs.
For a typical small business, the hardware component constitutes a bar code scanner, a computer, a card reader and a cash drawer. The point of sale software should be selected after a careful analysis of the costing, PCI compliance and security features. In the following section, we see the various components for POS system for small retailers and how they help these small businesses grow.
Read more on the Huffington Post.