If you own a shop or retail business and are making the transition from cash to card payments, or just looking to set up a new till, you’ll want an option that takes quick and easy transactions. With a variety of till systems available, it can be overwhelming trying to decide which is the best fit for your business, so we’ll explain what a till system for shops is and the main factors to look for.
What is a retail till system?
A shop till system is simply the way you take payment from your customers for your goods and services in your store. This may be a traditional cash register with buttons you press manually and a pop-out drawer or, it could be an EPOS system.
What is a retail POS system?
Point-of-sale systems in retail are a traditional payment till that almost exclusively handle transactions. They are typically not portable, being a fixed terminal, and often don’t have extra features that an EPOS, or electronic point-of-sale, system features. They’re popular among retailers due to their ability to track stock, automatically counting inventory. This can be highly useful to staff during busy periods like sales.
What is a retail EPOS system?
EPOS retail systems are a modern electronic version of the classic POS. They tend to have more features and allow your shop to run more efficiently without having to do any extra work manually, such as stock take. If you already have a till system up and running, and are looking at an upgrade or switching system, when choosing an EPOS it’s important to ensure the software is compatible with your current hardware or you may need to factor in the cost of buying a new one.
Benefits of an EPOS solution
Having a till system in your shop that can not only take payment but
help management, track stock levels and more can make your and your staff’s lives easier.
Features that you may want or need in a retail till system are:
- Inventory management
- Customisable reports
- Discount management
- Flexible payment methods
- Returns, refund and store credit features
- Customer management
- Product look-up
There’s a variety of POS and EPOS retail till systems on the market, when choosing the till system for your shop you must consider the specialist functions you need, compatibility with any current hardware, usability and cost.