Frequently Asked Question

4. What are the Components of POS System?

All POS systems will have several pieces of hardware to run your software, collect payments, and create a receipt for your customer. Your choice in components will ultimately depend on what type of environment you'll be working in but these 5 pieces will be the most essential for many businesses.

Terminal/PC - The terminal/PC is where everything comes together in a POS system. It is a computer which runs the POS system. The heart of your POS system it is the computer that runs your POS software and syncs with your cash drawer and EMV-compliant credit card reader to process transactions.

Must-Have POS Software Features

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Receipt Printer - Every transaction ends with a receipt for the customer. Making sure you have a receipt printer that'll support your print volume and is easy to use is essential. Receipt printers are available in both wired and wireless models, and using wither impact or thermal printing technology.

Cash Drawer - The cash drawer is the simplest component to any POS system but having a secure place to keep cash, checks, and credit card receipts throughout the sales day is essential. Drawers normally connect to your receipt printer and open with every valid transaction. They come in a variety of sizes, depending on the number of bill and coin slots desired.

MSR/payment terminal - Card based payments are just as common as cash today so every POS system needs a means to quickly read credit/debit cards to process them. Depending on the capabilities of your POS software, you may only need a basic MSR or a full payment terminal. Also known as magnetic stripe readers (MSR), these are needed to swipe credit and debit cards. They can also be programmed to read customer loyalty cards, gift cards, and employee ID cards.

Barcode Scanner - Automates the checkout process. Scanning barcodes pulls product info and adds it to the checkout total. Barcodes, when scanned, may also integrate with inventory management systems to automatically adjust stock levels.