Tag Archives: processing

Things You Should Know Before Buying for a Restaurant POS System

Things You Should Know Before Buying for a Restaurant POS System

A very important business tool for the restaurant industry is a Point of Sale (POS) system. Since a POS system uses handheld devices, errors and omissions typical of the manual order taking process are eliminated when an automated restaurant ordering system is used.

Though having a Point of Sale restaurant is quite beneficial, the functioning and associated procedures of a POS system can be quite complex. Since implementing one is a substantial investment, you need to know what you’re getting into.

The following information might prove useful in familiarizing you, as a member of the restaurant industry, with POS concepts. Importantly, you’ll understand how your business can be protected from the usual pitfalls related to POS.

Get Familiar with Components and Costs

It’s important for you to know all the hardware and software components of your POS system. Some systems offer comprehensive functionality which others only the basics. When you are shown an initial demo, the system provider might use a lot of fancy equipment which may not be included in the quotation he provides. Ensure that he lets you know the pricing for all optional software and hardware that might not be part of the main quote.

In addition to this, make it a point to find out other affiliated charges such as license and installation fees along with possible recurring costs such as maintenance charges and fees for service level agreements (SLA).

By being well informed regarding how much total expenditure you’re in for initially as well as over a period of time, you can determine your total cost of ownership (TCO) and avoid any financial shocks later. Ensure clearly defined Service Level Agreement and Fee Schedules

The SLA which is a negotiated agreement between you and the POS System Provider enlists the provider’s obligation with regards to his services, responsibilities and warranties. Sometimes, even penalties are agreed upon in the event of SLA non-compliance. A clearly defined SLA will go a long way in avoiding potential misunderstandings in future, minimizing questions and providing necessary recourse.

In addition to the initial POS system cost, you will need to incur recurring charges for services given by other business partners such as credit card processing, online ordering, time and attendance etc. It is advisable to confirm the party providing each service. You also need to be clear about fees for additional services like upgrades, software and hardware support and staff training. Once you have a schedule outlining all costs and their recurrence, you can plan your budgets accordingly.

Know your Service Provider and Affiliated Financial Benefits

If you’re stuck in a non-profitable business relationship with your POS provider, it can have a detrimental effect on your restaurant’s operations. Before you actually sign a contract, make sure you know all options for terminating the agreement or payment processing and any other associated fees.

It is common for POS System Providers and payment processing companies to have revenue-sharing arrangements. Ask the POS System Provider to disclose financial benefits, if any, from such

A System Provider may significantly bring down the cost of a POS system if you use the “processing services” of his company or increase it if you don’t. When processing is outsourced to an independent sales organization (ISO), the provider may charge more than the direct processor. Find out the additional services that you are getting from your System Provider which may not be available from the direct processor.

If you go in for a POS restaurant being well-informed, you’re sure to reap innumerable benefits. An organised workplace, increased revenues, happier customers and larger profit margins are only a few of them.

About Author:-

With over 10 years of experience in developing point of sale restaurant applications, the author of this article is a self made software developer, a good cook, and a globe trotter. She has developed different cloud based applications for restaurant ordering system that are being used by different hospitality industry players.

Related Articles – point of sale restaurant, restaurant ordering system,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!



Run Your Restaurant in Better Way With Best Point of Sale Pos Terminals (POSqx)

To run your restaurant in better way, you need to use high-end best restaurant management software. A POS inventory system can manage everything in your restaurant quite comfortably and precisely. Most importantly, the Best point of sale pos terminals can process all sales made in your store – be it credit card, debit card or cash payment. Naturally, the restaurant software is equipped with a complete payment processing system and from your part, you should take no chances in ensuring that the Best point of sale pos terminals is completely safe for such processing.

Your customers may opt to pay through various modes – it may be cash, credit cards or cash cards; even some of them may be your regular customers whom you will charge periodically. So, Best point of sale pos terminals vendors give enough options for collecting and processing payments in different modes. The restaurant software should also enable you to collect payments from customers whose records are saved in the main database of the best restaurant management software.

Under normal conditions, your customer will dine in your restaurant, walk up to the cash-counter or the payment processing systems console and pay using his cash/credit card or simple cash. Now, if the customer pays in cash, the best restaurant management software will open up the cash-drawer automatically the moment the cashier enters the cash details in the console. For credit/debit card processing, you will get your customer’s card swiped in the system and the amount will be automatically updated in the best restaurant management software.

All POS inventory system is equipped with adequate security features to prevent mal-practices. As you get various reports on the data collected in the POS inventory system , any discrepancy will be easily noticeable to you. The information of your customers’ credit or debit cards is completely encrypted through the Best point of sale pos terminals so that they can dine and enjoy in your restaurant freely. A number of Best point of sale pos terminals are also equipped with online payment gateways to complete transactions over the web from the POS inventory system console.

It is important to run your restaurant with an optimized system and offer the customer with a great dining experience. So, to remain in the business successfully, you need to have Best restaurant management software besides efficient workforce and adequate infrastructure. In the end, your restaurant software makes the difference and takes you towards success.

Payment processing systems, best restaurant management software, point of sale inventory system, POS inventory system, Best point of sale pos terminals, restaurant software

Contact Name: David LaCroix-Efficient in Best Point of sale pos terminals
Email:[email protected]
Contact Phone: 866-512-9284 EXT. 701

Website: http://www.posqx.com


Why Get Electronic Cash Registers For Your Retail Store

Why Get Electronic Cash Registers For Your Retail Store

If you are running a retail store and clueless when it comes to processing and recording sales transactions or collecting and storing money received from buyers, an electronic cash register can bring an end to all your problems in no time. Getting an electronic cash register not only helps your staff in performing the necessary arithmetic related to sales transactions, but it also creates and maintains high standards of security of checks, cash, discount coupons, and receipts.

One of the biggest advantages of these cash registers is that every transaction is recorded accurately and it becomes very easy for store owners and managers to find out the nature and value of sales and profits. Moreover, these devices help the retail store staff to find out exactly how much to charge and return to customers after payment that means faster processing, less of queues, and happy customers. Since a touch screen cash register or electronic cash register can be opened only by an authorized user, the risks of theft is eliminated to a significant extent.

In addition to these advantages, these cash registers give back more than the initial investment and considered often a better option than traditional point-of-sale systems. Moreover, these helpful devices are characterized by small footprint and power consumption, basic functions and reporting, low initial investment, compliance with tax regulations, improved efficiency of store processes and sub-processes, enhanced transaction processing function, and storage of cash, checks, receipts, and coupons efficiently and securely.

The fact that these e-registers facilitate tracking of customer transactions and speedy checkout time means that it is easy to identify the buying behavior and preferences of customers so that necessary marketing strategies can be centered around such data. Moreover, these devices are also useful in calculating sales tax, make reports, and identify sales by staff (individually and/or collectively). If you want more and improved benefits, it is best to opt for an advanced point-of-sale (POS) system that would add more value to cover the initial cost and promotes the delivery of better workflow for staff and easy management of large numbers of groups and customers. A POS system can also make complex business logic easy and possible along with back office integration and streamlining of inventory management besides providing additional functionalities to improve customer service and characterized by delivery of superior reporting and analysis features.

In short, an electronic cash register or a touch screen cash register can be the best option for you to manage your retail store in an effective and cost-efficient manner without putting a burden on your resources.

POS Central provides detailed information on Cash Registers, Cash Registers for Sale, Electronic Cash Registers, Used Cash Registers and more. Check out our website for more information: http://www.poscentral.com.au/


Why Lightspeed POS For Mobile – An Incredible Way to Transform Sales Process With iPhone And iPod

Why Lightspeed POS For Mobile – An Incredible Way to Transform Sales Process With iPhone And iPod

Point of Sale systems definitely an impressive way to make business deals with less time and effort. Mobile POS lead us to next generation selling easy with any iPhone or iPod.

Why LightSpeed?

There may be various point of sale software available to enhance ecommerce but above all other point of sale systems, LightSpeed POS is one such wonderful solution to facilitate retail businesses more effective.

Which LightSpeed POS can support Mobile?

LightSpeed Pro Mobile POS is unique product available for iPhone, iPod from LightSpeedRetail.

How LightSpeed POS for Mobile is beneficiary? -It gives a personalized shopping experiences digitally using iPhone or iPod by allowing every retail sales team to close deals with no time. -It allows the iPhone or iPod to scan barcode using Linea Pro scanner and add to products to customer shopping cart. -We can simply choose the customer by selecting them from customer list. -All backend retail management provisions like creating new invoice, verify inventory and stocks levels, scan and add products to cart, check out for payment with LightSpeed POS CreditCard Processing. -Mailing the receipts or print them done efficiently happens in minutes by connecting and accessing data from database.

What are requirements for installing LightSpeed for iPhone or iPod? -You may require access to LightSpeed 3.6 to connect to database Server using Wi-Fi, 3G, or VPN. -You can download LightSpeed PRO Mobile POS 1.5 demo version on Apple ITunes free of cost. -It also requires hardware like iPod 4 Touch, iPhone, Linea Pro kit inclusive of barcode scanner, credit card swipe, battery pack, and USB A to Mini B to charge scanner devices.

What are the Limitations? -1 user / every available LightSpeed server license -LightSpeed Server with 5 user access can log in concurrently up to 5 mobile or MAC devices. -Without Device running with IOS 4.0 and above, it is not possible to process sales and payment. -Credit card processing is limited to credit card processors supported by lightspeed. -Axia, Merchant Warehouse, Tyro and Authorize.net are the LightSpeed POS Credit card processing services in United States. -Tyro is the LightSpeed POS Credit card processing services in Australia while other payment processors are explored for international payments.

Why should not be Shopify POS or ShopKeep POS or VendHQ POS?

There are Multiple Mobile POS available apart from LightSpeed PRO Mobile Point of Sale. Nothing is comparable with LightSpeed Features with limitless sales opportunities.

We Radiant proffer limitless solutions for integrating LightSpeed POS for iPod at affordable costs. We can also handle Custom FileMaker Plugin Development and JBilling CRM Integration for Retailers to enhance their business functions.


POS System Software for Restaurant makes Credit Card Processing Easy

POS System Software for Restaurant makes Credit Card Processing Easy

Nobody wants to carry cash these days. Debit cards and credit cards are so easy to carry and so much safer, if you happen to lose them. People visit restaurants to relax, to enjoy. It is a business of offering leisure to people. Hence, a good software at the point of sale or at the point where customers make their payments can be crucial for a restaurant.

POS system software for restaurant, such as one available on posequipment.net, includes much more than merely a POS credit card processing system. It can assist you in building a full menu and is equipped with a full bar menu, enables you to accept all payment types including credit cards, checks, cash and even maintaining House Accounts.

You can opt for touch or non-touch POS system software for restaurants that can be used by hostess to make reservations and put up a waiting list. Table and chair layouts on each floor of your restaurant can also be visualized through POS software for restaurant.

While a lite version of POS system restaurant software is suitable for coffee shops and small restaurants which usually have only one to two computers, a professional version of restaurant software is fit for expansive restaurants.

A POS system at a restaurant can help you generate extensive management reports and can easily be geared up for receiving food orders on Internet. Cloud POS software for restaurant allows true freedom to restaurateurs in connecting all their restaurants on the Enterprise Cloud and monitoring them from wherever and whenever they like.

Leading hospitality technology solutions provider, like Posequipment.net, offer easy-to-use and reliable POS credit card processing system separately too, that can be installed in bars, restaurants, night clubs, drive-away, and other quick service restaurants to make it easier for your business to accept payments from different types of customers.

A good POS system provider is one that can understand the needs of your restaurant management and offer you customized solutions. You can always bargain for value-added services like free software training, technical support and even ask for warranty.

While choosing good POS system software for restaurant, make sure that it has features like table reservation and management, kitchen display system, payroll programs, system to receive food orders and manage inventory, tracking food delivery, displaying menu and the capacity to integrate gift vouchers, loyalty programs and promotion schemes.

Experts can help you with minute like split check processing, tracking server tips, built-in interfaces for printer-controlled cash draws, bar code readers and weight scales. For a free consultation on POS systems, call (479) 553-7432.

I have more than 10 year experience in content and article writing. I have been writing article for the electronic avenue Inc since 2014. We provide restaurant pos systems software, pos system software restaurant, pos software systems etc. Please visit:http://www.posequipment.net/