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How to Integrate Payment Processing with Your POS System

When looking for point-of-sale (POS) technology,consider getting a POS system or a credit card reader. You might already have one or both of these technologies. However, to get the most out of your POS and card reader, they need compatible hardware, software, and features. When your POS and card reader works together, you can streamline your ability to accept payments, allowing you to take payments faster and provide a better overall experience for your customers. Finding the best POS system with credit card processing for your company is time and effort well spent. This guide will explain how tochoose a POS and card processor that suit each other.
If you’re like many business owners, you may not have thought about how your POS system and card reader work together. However, if this is the case, you may miss a great opportunity. It is not difficult to integrate POS with payment processing, and it can pay tremendous dividends when you do. Adding a card reader or POS system to your business can increase profits and efficiency. When you combine these technologies in your workflow, you can improve your results even more. To ensure your company operates at peak efficiency, you need to find compatible hardware and software that let you take advantage of every feature available to you. Follow the tips below to make the process simple.

1. Choose a POS System

Without a credit card processing system, there is no point-of-sale system. Your business will be unable to function without a POS system that relays data from the credit card reader. You need that information to determine how much a customer paid and to keep track of other aspects of your business. It handles sales, transactions, and other critical elements of a company. You can use a POS for additional functions like tracking employee shifts and monitoring your inventory. Since a POS system records sales as they occur, your equipment and software must recognize your card reader. If you don’t already have a POS system, now is a great time to get one. Businesses that have a POS system can consult with their POS provider about options for making these two systems more compatible. The company may offer its own reader and processing service or have a suggestion.

2. Pick a Payment Processing Service

A payment processor, also known as a credit card processing company, handles the relationships and steps needed for credit card processing. Many of these providers offer card readers that work with their services. In some cases, you can also buy your own card machine. You need to do careful research if you use a different company for payment processing than the one that provides your POS. Remember to check that all the hardware and software involved in both services work with each other. If you use the same provider for your POS and card processor, you can leave it to the company to handle updates and compatibility. However, choosing a provider with excellent customer support and frequent software updates is essential.

If you work with multiple vendors, you’ve probably considered how much easier things could be if you only had to deal with one. For instance, it’s better to work with one company that delivers your product than to make separate deals with the wholesaler and the delivery company.

Integrating POS with payment processing is a similar idea. If your POS provider and payment processor are the same, you only have one point of contact, which simplifies communication. Furthermore, you can be confident that all hardware and software will be compatible.

3. Research Security, Customer Service, and Extra Features

When considering POS and card reader providers, the experience they offer matters as much as their services and products. So many financial processes now happen through the internet, making us more vulnerable to fraud. Make sure your providers have security features like anti-fraud services and breach protection. You may also want to look into any customer service costs and availability.

What Benefits Come With POS-Linked Credit Card Processing?

Using an all-in-one POS solution and credit card reader together lets you take advantage of powerful business features. These technologies help you manage all aspects of your store and grow your profits. Below is a list that shows what it means to have a compatible POS system linked to your card reader:

Faster Checkout Times

Your POS and card reader will save you time handling payments at checkout. The POS allows you to scan, enter item prices, and add discounts in seconds. The POS calculates these transactions and sends the information to your card reader.

This not only allows you to complete more sales in a much shorter amount of time, but it also means less wait time for your customers, which is something they will definitely appreciate. POS tools such as a scanner and an integrated scale instantly let you ring up items. Your customers can use various payment methods for their purchases if you have a strong payment processing machine. Once you finish the sale, your POS system will keep the information in its records.

Accurate Record Keeping

How much time do you spend to ensure the day’s or week’s credit card transactions are all in order and accounted for? You may be surprised at the difference a quality integrated POS system and card reader can make. The combination of a card reader and POS system can save you hours on bookkeeping and profit analysis. Your POS makes an immediate record of every credit card transaction at checkout. It also tracks checks, cash, and mobile payments to see how much money is coming into your store. An all-in-one POS solution includes comprehensive store statistics that show your profits and performance. These statistics use your sales records to calculate what types of items your customers buy and where you make the most money.

Increased Security

Even if it’s not already happening in your business, you have probably noticed that most companies with card readers have readers that are enabled for chip cards. There is a good reason for this. Modern card readers use EMV technology to protect your and your customer’s financial information. EMV reads the chips in the newest payment cards instead of a magnetic strip, adding extra layers of security.

Reliable security is critical when it comes to digital financial transactions in the modern era. Today’s criminals are highly sophisticated and will stop at nothing to procure people’s private financial information. An EMV reader that takes chip cards can go a long way toward protecting your customers. Your POS system will also secure your information with employee logins and accurate records. A POS system’s reports can provide you with the information you need to track down potential theft or fraud. When you choose services that follow the industry’s best security procedures, you benefit from an even higher level of security.

Market Leadership

Adding a POS system and payment processor to your business gives you the features needed to become a leader in your local market. Major chain stores use these technologies to make business efficient, and you can give your customers a similar experience. A card reader that accepts multiple payment forms helps you increase your consumer base by giving them more options at checkout. You will be able to attract more customers since so many customers use cards as their primary payment method.

POS+ Is a POS System With Credit Card Processing

At National Retail Solutions, Inc., we understand that small businesses like yours need a straightforward solution to sales management. You need resources that get the job done and make sense. We created the POS+ system and started our payment processing services to meet these standards. POS+, the all-in-one POS solution, includes all the software and hardware needed to process sales and grow your business. You can also add a credit card reader and processing services at an affordable rate. The advantages of an integrated POS system and payment processing solution mentioned above are available, as well as a free EMV card reader.

Our system is the World’s Greatest POS System, and we will do everything in our power to ensure your payment card processing experience is smooth and efficient. We have successfully worked with a wide range of businesses and we have an appealing loyalty program to bring you even more benefits. Let us handle the complicated aspects of payment processing so you can build business strategies that increase profits.
Contact  our sales team today to learn more about POS+ or request a quote.