There is no question that the business world has been undergoing nonstop changes over the last decade or so.  In many industries, people perform tasks in a different way than in the past.  We have gone from hardware based computing technology that took up entire rooms to cloud based tablets more powerful than ever imagined.  Now business owners can run their entire business quickly and efficiently with a tablet point of sale (POS) system.

The payment processing industry is no exception – with changing business methodologies, the way people get paid also must change.

One major innovation in recent years is cloud based tablet POS.  There’s a lot of talk about what the cloud is, but generally speaking, it is a network of servers located off site and typically hosted by a third party service. Tablets such as iPads capture information on the front end from the customer, and the data is then stored on the off site servers, AKA “The Cloud”.  Having information stored in this way can makes it very easy to run reports and analyze the data that has been received.

Due to the incredible flexibility and low cost to initiate cloud based Point of Sale systems are becoming very popular with businesses. They offer greater flexibility for business owners, lower maintenance, peace of mind that if your station goes down you won’t lose everything,  and usually provides an easy way for a customer to pay.   However, for someone who does not know much about it, there are usually some questions that arise.

Do I have to worry about Data Safety with a Cloud Based Tablet POS?

One of the first questions business owners often have when considering using a cloud based tablet POS is whether it keeps your business and your client data safe.  The “old” way of storing information from point of sale systems might have been to have a computer server in the office of the business.  These, of course, can be vulnerable to attacks or theft as businesses may not have the most secure systems available and hackers tend to be well suited to breaking normal security measure. While no system is 100% secure in today’s age, cloud based systems usually have the toughest encryption in existence combined with 24 hour monitoring. Technology professionals who are well versed in the most up to date security protocols will usually be a part of the team handling the data.  In fact, the cloud is probably actually safer than that connected server sitting in the back office.

Setup difficulty and costs related to a Tablet POS.

Businesses, especially small to midsize, are always looking for competitively priced payment processing solutions that are not only effective but also easy to install.  Many may skip over cloud tablet POS solutions, thinking it is too expensive and too difficult to set up.  This could not be farther from the truth.  Setting up a cloud based tablet POS system is actually easier than old server based solutions because the application is web based and because the database is not onsite.  This is the age where most systems are designed to work on mobile devices and POS systems are no exception.  There are a multitude of tablet POS systems that offer mobile apps which are easily downloaded to just about any mobile device.

Cost isn’t a hindrance either.  Many of these systems are lower cost than a standard POS system.  Most offer monthly pricing plans ranging from $20 a month for some lower priced solutions, all the way up to $200 a month or more for fully integrated solutions that do everything except maybe cook dinner!

Additionally, since the POS software is housed and maintained in the cloud and usage is subscription based business owners also save money by not having to worry about replacing their entire system when it becomes obsolete or the provider decides to no longer support the version.  Updates, compatibility, and security upgrades are all taken care of automatically at no cost.

How do Internet failures effect a Cloud Based Tablet POS?

Having a cloud based system does require an Internet connection to maintain connectivity to the database. But things happen and the Internet occasionally slows down or stops working altogether.  Does this mean your point of sale system is down too?  Not necessarily.  Most cloud based tablet POS systems have internal memory that allows them to capture transactions, maintain sales data,  and track customer data until the Internet is back up.  The transactions are usually stored temporarily and are uploaded to the cloud when the system is back online.  You don’t have to worry about running out of memory because the internal memory can capture a lot of transactions and each transaction does not use much memory.

Need Further Information about Tablet Point of Sale Systems?

There are many different cloud based tablet POS systems out there.  With functionality ranging from complete resort management to simple sales management for flea market vendors and customer loyalty to gift cards.  Although many offer similar benefits but there are nuances and variations as well as industry specific solutions from restaurants to salons.  Contact Bankcard Brokers for assistance in selecting the best cloud based tablet POS, as well as the best payment processing option for your business.