What are the Differences Between a POS System and a Credit Card Machine?
The payment processing industry has so many devices, it can be overwhelming. One of the most important differences to understand is the POS (point-of-sale system) and the credit card terminal. What makes a POS system unique from a credit card terminal?
What is a credit card machine?
A credit card terminal does not offer many capabilities apart from processing credit cards. Depending on the terminal some may connect to a check reader or process gift cards but most are responsible for swiping cards, end of function.
What is a POS system?
Point of Sale systems have a variety of advanced features. The POS helps a merchant manage their business not just process sales. Point-of-sale systems are fully integrated and allow for a myriad of functions such as:
- Credit card processing
- Cash-drawer management for cash sales
- Receipt printing
- Inventory tracking
- Barcode scanning
- Managing employee time clocks
- Reporting and analytics
Top POS Solutions
Choosing the POS system that’s right for you depends on your business structure. Merchant service providers usually choose to feature one of two quality POS systems. With Merchant Services LTD years of experience, we are proud to feature the Clover ® solution as our preferred POS system. With a fully customizable, cloud-based system to manage business merchants can be assured their business is running efficiently and securely. Clover systems offer the Clover Mini, Clover Go, and Clover Mobile to deliver premium payment processing and business management capabilities to all industries.