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January 18, 2015

Cloud-based POS systems

If you are a small business owner, you may want to consider switching to a cloud-based point of sale system as your payment platform. Cloud-based point-of-sale systems are becoming more and more popular especially within the retail, travel and hospitality industries. Unlike traditional point-of-sale systems, you have the ability to access a cloud-based POS system directly from the internet using a variety of mobile devices including iPhones, iPads and Androids.

With cloud-based POS platforms the technology allows for the integration of a number of business and marketing tools into your POS system. Processing payments can now be done from anywhere, not just the checkout counter, and customers can have receipts sent directly to their e-mails – no more printers or paper needed. These systems can also integrate with accounting tools and digital gift card and loyalty programs which is a great marketing tool for your business.

All data with cloud-based payment solutions is stored online so the risk of data loss due to viruses and hardware system corruption is greatly reduced. Your costs are also reduced because you won’t have to pay for new system drivers for traditional POS systems which can result in the loss of precious revenue due to downtime for system repairs.

Perhaps the most important benefit to small business owners is the reduction in costs that come with cloud-based point-of-sale systems. A cloud-based POS has minimal or no upfront fees and low monthly fees ranging from $50 to $200. Processing charges may be fixed or based on a pay-per-swipe plan.

Convenience combined with security

In today’s technologically-driven society, business owners want to give their customers a full-line of convenient payment options. With cloud-based technology, businesses now have a flexible and reliable POS solution which is much more cost-effective.

Merchants Bancard Network has been a leader in the card processing industry for over 20 years. MBN is committed to delivering the most effective, secure payment gateways that are available. They are in the business of providing flexible solutions which are specifically designed to meet your business needs.

At Merchants Bancard Network, they take data security very seriously so have established their own private cloud – no third party vendors – just maximum data protection. At MBN their private cloud represents a commitment to secure cloud payments and protecting credit card payments as well as other customer transactions.

More than merchant services

Lower costs and reduced security risks are just some the benefits that make cloud-based point-of-sale systems more attractive to business owners when compared to traditional POS systems. Cloud-based credit card processing systems are less expensive due to reduced start-up costs and lower processing rates and monthly fees. They offer merchants that added convenience of being able to access customer data from anywhere using an internet connection.

AT MBN, their expert support staff will help design and customize a cloud-based POS system that is tailored to your business needs. To learn more about cloud-based technology or to apply for your MBN merchant account, call 877-871-4629 today.