Pros and Cons Of mPOS Systems for Small Businesses.

There are many advantages of mobile POS to small businesses besides effectiveness. Their versatility, user friendliness and environmental capabilities are attracted by most of the entrepreneurs. While considering a mobile POS system one should also consider a handful of downsides such as insecurity, durability and cost.

Pros

As technology is changing continuously and to hold their paying audience, businesses need to stay with the times or better yet to accurately predict the future. Because of the gaining popularity of Mobile POS systems it is possible that they will be the only POS option in coming years. Thanks to the gaining popularity of the advantages they are offering over traditional systems.

1) Versatility

Traditional POS systems have unique and expensive equipment or bulky programs. Conversely mPOS systems are robust, offering businesses solutions for processing transactions such as card payments, customer database, syncing of online and in-person transactions and many more on a easy to use platform on a familiar handheld devices.

2) User Friendliness

As everyone has a mobile device so employees and customers alike feel more comfortable interacting with mPOS systems. Employee training reduced dramatically and customers will be less likely to abandon their purchases when confronted with a recognizable payment interface. Businesses will have more time and energy while earning more money with an mPOS.

3) Environmentalism

Majority of millennial consumers like to buy from businesses who act sustainably, so small things can be done to increase its green reputation is a big bonus. Mobile POS systems help to reduce waste with paperless payment process. Though there is a possibility to connect mobile POS devices to a receipt printer, the receipts are emailed or no receipt at all. Brand’s environmentalism significantly increased by eliminating receipts.

The Cons

Admittedly all new techs come with concerns. There are quite a few issues which yet to be fully or adequately addressed as Mobile POS is relatively new. Business owners before rushing to buy mobile devices for their POS should also consider these notable downsides to deviating from traditional POS methods.

1) Insecurity

Computers have been the primary targets of cyber attacks but lately mobile devices are enduring a more sizeable share of malware and hacks. A few mobile users equip their devices with the same security measures used on computers such as antivirus, firewalls and strong passwords. Business owners should be careful in protecting their mPOS systems as they would traditional equipments. They should ensure entire business network is thoroughly and impenetrably safe.

2) Durability

Mobile devices are meant to move about means they are more dangerous than typical POS systems. Threats to mPOS devices are numerous such as physical thefts, drops, water damage and more. Mobile devices aren’t exactly durable, so it is possible that businesses need to pay to protect their POS systems from accidental harm.

3) Cost

Because of extra costs incurred through cyber security measures, physically protect and replace devices and initial investment required to procure mobile devices. Mobile POS devices aren’t cheap and especially Apple devices are costly and investing in them to serve a growing business require a significant capital.