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The most prevalent business software for retail and hospitality would be cloud-based point of sale systems that typically run on iPads, tablets and web browsers.

These new EPOS systems far outperform conventional legacy POS setups, and in real time are capable of managing multiple till systems. They apply bespoke promotions and generating in-depth reporting.

These POS applications became popular in the year 2010 and were the first in a new generation of software. As the technology moved quickly, some of the apps have hard time keeping up.

Business owners are now realizing the limitations of software as many mPOS systems are limited to only one business function.

Say No to Integration

A business is a combination of many parts both front end and back end and require systems to manage and control properly.

Single purpose software like POS is only able to run point of sale.

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,

Check whether you are getting the most of your smartphone or card reader. You might be aware of the mPOS capabilities listed below.

1. Run an E-Commerce Store

It is possible to run an E-Commerce store with your mPOS. It’s a good time because the industry is shifting towards omni-channel solutions. It allows you to sell seamlessly online your products and services in store, in the field and also on social media.

Everything will be centralized with your PayPal account and offer a seamless interface between online and mobile sales. There is an E-commerce API that can support you to sell online. Online sales can be done if your E-Commerce suite supports mPOS system that works on smartphones and tablets and is quite feature rich.

2. Manage Your Inventory

Latest mPOS systems are feature rich with inventory features. It also sync across in-person and online sales and even supports multi-location inventory. You can keep a

How does mPOS Work?

You can start taking payments by connecting your reader to a mobile device and choosing the right mPOS software for your business.

Choosing the right mobile POS system for your business

Make sure that your business is secure by choosing the right mPOS that is secure, affordable and easy to use. There are many mPOS providers in the market but the provider with the best device ad support is the key for your business.

Security

A secure mPOS is a PCI compliant that can accept various types of payments such as chip cards, NFC payments and Apple Pay. It offer you with the chargeback protection to fight payment disputes on your behalf.

Simplicity

A mobile POS system should be simple to use with an intuitive interface. You can quickly and easily train your employees.

Affordability

According to a press release, this will represent a threefold increase over an estimated 28 billion transactions in 2018. In the study it was found that mPOS devices will drive an increased use of payment cards in upcoming markets at an average annual growth rate of 46% over next 5 years.

POS and mPOS terminals research says that the average price of an mPOS device will drop according to vendor strategies, innovation and market forecast from 2018 to 2023. This affordability and simplicity of mPOS devices make them highly attractive to smaller businesses.

Well established point of sale vendors such as Verifone, Ingenico and EPOS Direct will therefore increasingly look forward to mPOS as an area of their future growth and expanding their market reach which were previously unaddressed markets.

"As a result many traditional POS manufacturers have identified mPOS as an important way to diversify revenue streams, at a time when established revenue streams are losing momentum,"

We have listed out top five mobile features that you should need.

1. Multiple payment options:

Beyond the traditional credit/debit card swipe, mobile POS systems should be able to handle some of the payments such as chip and PIN, near-field communication (NFC) etc. making a sale means accepting all types of payments a shopper wants to use. One of the top industry demands is multiple payment options with mobile POS systems. It is to remember that multiple payment options means it should also include the ability to take cash transactions.

2. Enterprise-grade, built-in security for global use:

As retail industry cracking down on security for payment information given by the consistent threat of hacking rings and cybercriminals and enterprise-grade security has become more important than ever. The focus is on integrating security solutions that adhere to the PCI Data Security Standard. Ensuring no information is stored on the mobile