3 Things to Consider When Choosing a POS Terminal for Business

3 things to look for in a PoS terminal

Soumiya Awasthi : Default

By Soumiya Awasthi | November 20, 2020

Did you know that according to RBI data, in September 2020, nearly 149.06 million transactions were carried out on Point of Sale (PoS) terminals issued by the banks through credit cards and 352.87 million transactions were done via debit cards?1 A PoS terminal is therefore an important addition in your store, one that can help you streamline your business operations.

Using a PoS terminal, you can:

  • Accept digital payments with ease
  • Give customers the option to pay through their preferred mode of payment
  • Get actionable insights on your business operations
  • Capture customer feedback
  • Leverage the power of third-party apps to do more than just accept payments

Do ask yourself the following questions before you opt for a PoS terminal:

#1. Is Pay Later EMI feature integrated with it?

One of the most convenient ways of attracting new customers and retaining existing customers is by offering them the option of Buy Now, Pay Later. A smart point of sale terminal can help you quickly view and calculate latest bank and brand EMI offers which you can then take to your customers and process the transaction quickly based on their preferred EMI tenure selection..

Make sure that the terminal you select offers the option of Pay Later EMIs on both debit and credit cards. Pine Labs' Plutus Smart Android PoS terminal offers the fastest EMI checkout experience in the market. Know more by viewing our Affordability Solutions.

#2. Can you use Loyalty Solutions?

Are you looking for a way to identify your loyal customers to get repeat business out of them? If yes, there is nothing better than offering them Loyalty Solutions by Pine Labs. Providing your customers the option of earning and redeeming their reward points at your store is bound to add to a positive customer experience. This integration will help you in acquiring new customers and increasing frequency of customer visits. Know more about Pine Labs loyalty program.

#3. Can third-party business apps be integrated seamlessly?

A point of sale terminal must have the capability of seamlessly integrating third-party business apps. These apps can help you address a wide range of areas like GST billing and inventory management. Using these apps, you can reduce business complexity, mitigate risk, and increase sales.

Pine Labs PoS terminals power more than 4,50,000 touchpoints and are helping our merchant partners process multiple modes of payments, improve customer experience by delivering rich business insights through an integrated solution, driving sales by way of offering quick no-cost Pay Later EMI options without paperwork and more. If you are interested in knowing more, reach out to us.

1 https://www.rbi.org.in/Scripts/ATMView.aspx?atmid=115