Cash Registers vs. POS Systems: How to Tell Which Is Right for Your Retail Biz
Cash Registers vs. POS Systems: How to Tell Which Is Right for Your Retail Biz Most thriving retail businesses process many transactions daily, sometimes thousands. To handle that kind of volume, brick-and-mortar businesses need to arm themselves with the tools — both hardware and software — to keep operations running smoothly. The heart of a retail business? The point-of-purchase, cash register, or point-of-sale (POS) system. While many may use those terms interchangeably, they’re not the same. Many key differences would affect which route you go for your retail business. Let’s dive into what the traditional cash register is, what a Retail POS system is, and how they’re different — plus how you can choose which option most suits your business. What is a cash register? The official definition of the term “cash register” is “a business machine that usually has a money drawer, indicates the amount of each sale, and records the amount of money received.” A cash register logs transaction...