Which Do You Need, Payment Terminals Or POS Systems?


Card payments have been popular for a long time. In the wake of the COVID-19 pandemic, customers’ love of card payments is almost at its peak. As a merchant, you wouldn’t like to miss out on sales or see customers who prefer to pay by card walk away. Payment terminals and POS systems are two means of collecting payments. After reading this article, you will have a clearer idea of which one you prefer.
payment terminal
Both payment terminals and POS systems support payments collection. With either one of them at hand, your stores are allowed to accept card payments from customers. However, there are still some differences between payment terminals and POS systems. Next let me tell you more.

Payment terminals.
As the name indicates, the fundamental function of payment terminals is to collect payments, especially card payments. As technology develops, there are more functions of the payment terminals. For example, they offer more payment methods, accept vouchers and apply discount codes.

There are mainly 4 types of payment terminals based on their portability, including countertop terminals, mobile terminals, wireless terminals and virtual terminals.

Countertop payment terminals were once become the preferred machines for retailers. However, for they are immovable and more portable terminals appear as technology develops, countertop payment terminals have been less popular with merchants.

Mobile payment terminals win more favor of the merchants who need to collect payments on the go. They also can be used to serve customers in queues or check out at tables by waiters in the restaurants. They can be seen as separate devices or be attached to other fixed terminals.

Wireless payment terminals are more portable and flexible, for there is no cable installed in them. Most wireless payment terminals need to be connected to Wi-Fi, but some of them also work on 4G networks.

There is no additional hardware needed when you get the virtual terminals. You are able to accept payments via digital devices like smart phones, faxes, tablets, etc. One drawback is that functions may be not complete and you may process the payments manually.

POS Systems
POS systems can complete more tasks than payment terminals. In addition to accepting payments, POS systems also support managing inventory, tracking sales, recording and analyzing the data, calculating taxes and so on. A POS system is much more than a payment terminal. POS systems help improve working efficiency and customer experience.
There are two forms of POS systems, respectively mobile forms and cloud-based forms. Mobile POS systems can be integrated with static models, like payment terminals and cash registers. The other form is the cloud-based POS systems. With cloud-based systems, no matter where the merchants are, they are able to get access to the information of their business.

Which do you need, payment terminals or POS systems? If you are undecided, it is a good idea to think about the following questions.
What is your purpose in purchasing payment terminals or POS systems?
What is the size and complexity of your business?
How many customers do you serve?
Do you want to improve the experience of your customers?
Do you want to better conduct your marketing?
Are you looking for ways for solving specific problems or long-term service serving?

If your business is of small size and not complex, payment terminals can satisfy your needs. If you are looking for more than payment terminals can provide, POS systems will be much more suitable.

Telpo launches a series of POS terminals to fulfill merchants’ needs for accepting payments, including mobile POS terminals, POS machines, face payment terminals and so on. Whatever payment needs you have, you can choose a favored one to boost your business.

Android mobile POS TPS900
Supports multiple payment methods. TPS900 is of high-security certification standard and eliminates extra verification. Equipped with a rapid scanner and camera, QR code and face recognition payment is also supported.
Strong performance. With Android 10 OS and 1GB DDR+8GB eMMC memory, fast and smooth operation is ensured.
Multiple functions. In addition to supporting payment, TPS900 can be used for receipt printing and biometric identification.

Credit card payment terminal, Telpo P8
Various payments. Multiple payment methods are supported, including Magnetic/IC/NFC cards and QR codes.
Multiple certificates. Superior security is ensured by full financial certifications, including EMV, PCI, Paywave, Paypass, Rupay, TQM and CE.
Android 10 secure OS. Stronger computing power is empowered by the cutting-edge chip and Android 10 OS.
Multiple connection modes. Smooth communication and operation is ensured by high speed LTE, Wi-Fi and Bluetooth. GPS positioning is also supported.

Android Cash Register C1
High performance: Dual-Core 1.8GHz + Quad-Core 1.4GHz CPU or above.
Super running memory: 4GB RAM with Ext. TF card supported.
Satisfy all printing needs: Built-in 80mm thermal printer supports multi-language printing.
Secure payment: 3D depth sensing camera supports financial level FR payment.

Face recognition terminal, C9
99.5% accuracy. Telpo face recognition terminals can identify faces with an accuracy of 99.5%, ensured by deep learning algorithms and binocular or multispectral cameras.
Wide application scenarios. Rich ports enable Telpo face recognition terminals connected with keyboard, barcode scanner or cash register, satisfying business requirements of various application scenarios.
High performance and smooth operation. Industrial high performance, supported by Android 11.0 and Quad-core 2.0GHz chip, ensures long-time smooth operation.

Founded in 1999, Telpo is a world-leading smart terminal and solution provider. Telpo has rich experience in offering card payment terminals. Telpo card payment terminals have been widely used in restaurants, stores, gas stations, banks and many other scenes worldwide. There must be one member of Telpo payment family that meets your needs. Welcome to contact us for more details.

Tag: terminal, POS, payment