national bankcard monitor
Posted by fallenx888x on Sunday, October 7, 2012
It used to be that for a
small retail business, a cash register and a black-box credit card
terminal were sufficient. But since personal computers have emerged,
nowadays most retail stores have begun to utilize a specialized PC for
sales and inventory purposes.These PC's are accessorized with a cash
drawer, bar code scanner, credit card swipe bar, check reader, receipt
printer and sometimes other peripherals.In addition to their hardware
components, a POS Point of Sale terminal is running special software.
This software allows sales to be rung up, obtains credit card and check
authorizations and monitors inventory.Most setups allow the clerk to use
a bar code laser scanner to read the UPC (Uniform Product Code) on
items being sold or as they are added to inventory upon
delivery.Inventory functions permit adding a description, price and
quantity of items as they arrive in the store.As items sell, that
quantity is automatically deducted from the in-stock
inventory quantity.There are other functions available for specific
business niches. For example, restaurant POS systems include a priner
for the kitchen to send orders to be prepared as soon as the server
enters them on a touch screen out front. Tip and other functions are
built in to the software. There is POS software specific to almost
every kind of business imaginable - hotels, retail, restaurant, auto
mechanic, etc.Most POS systems are able to be plugged in to the
business' high speed internet connection. They can process credit card
and check authorizations very quickly, as compared to the usual dial-up
connection of an ordinary "black box" credit card terminal.Daily and
periodic reports may be produced by the POS software, suitable for
in-house accounting or to be sent to the accountant for bookkeeping.
All common accounting software is supported, such as Quickbooks and
Peachtree.If you already own a PC you can "create" a POS by purchasing
the POS software and adding the peripherals you will need such as a cash
drawer, credit card swiper, etc. But I recommend against such
cobbled-together systems. It is better to have a stand-alone POS
equipped with POS software.If your business is already set up to process
credit cards, you will definitely want to check with your current
processor before purchase of a POS, in order to ensure that the system
and software you buy will be compatible with your processor's
platform.For more info,Please visit national bankcard monitor
You must be able to "load" your merchant account numbers into your
software, and tell the software the telephone numbers and/or internet
addresses it needs to access to get credit card authorizations.Be
cautious, therefore, about setting up with Quickbooks or other
proprietary POS software systems. These systems are designed to run
only under that merchant processor and you will be locked in to any
future processing rate increases they decide to impose. To change from
them down the road would be a huge task and they count on this, that is
why their POS software is so cheap up front. They will have you locked
in as a merchant customer forever.Your first and best information source
is your merchant processor account executive.You can also go to this URL