Before setting up the checkout counter, businesses need to understand the different hardware involved in a POS system. While there are various components that stores can choose to implement, the average POS solution uses several tools, including-
- Payment Processing Hardware
Perhaps the most important component of a POS system is the payment processing hardware, as it enables businesses to collect credit and debit card payments. The payment terminal is typically integrated with
POS software so it can transfer financial information to back-end solutions.
Payment terminals vary depending on the type of technology a company uses. For example, many stores have installed terminals that accept magstripe, chip, and contactless payments to maximize their potential sales.
The cash drawer is an essential component of any POS system as it securely stores money, receipts, and other sensitive paperwork. When hooked up directly with the POS software, the cash drawer opens automatically when the order is totaled. Once the drawer is shut, the software then triggers the receipt printer.
Cash drawers are robust to withstand the weight of bills and coins, as well as the constant opening and closing throughout the day. Many are also equipped with an additional key so managers can open the drawer manually if the software malfunctions.