How SMBs Can Use Mobile POS Systems

Mobile POS systems explained

Unlike traditional POS systems, which are often stationary terminals, mobile POS systems offer the flexibility to process transactions from anywhere. This means you can sell your products or services not only in your physical store but also at events, pop-ups, or on-the-go, which is a major advantage for a new business trying to maximize its reach.

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These systems connect to your smartphone or tablet in a variety of ways, allowing cash-strapped new businesses to save money on additional hardware. Some are physical card readers that plug into mobile devices. Others, such as QR codes that customers can scan to access a checkout page, allow you to make contactless transactions. While your traditional POS system may be the most familiar, replacing it with a mobile system can make all the difference for your budget and growth.

What you should know about mobile POS systems

If you’re ready to pull the trigger on a mobile POS system, there are some basics you should cover in your research before you decide which system is the best fit for your business. [Read related article: 5 Ways POS Systems Are Changing (and Why It Matters)] 

Business uses 

Almost any business can use mobile POS systems, but they come in handy especially for new businesses or startups that travel or are operating on a tight budget. Mobile POS systems can also expedite the checkout process for small businesses such as restaurants and retail stores. In particular, food trucks and street vendors without permanent brick-and-mortar locations can benefit from mobile POS systems.

Hardware and software needed

Generally, all you need to get started with a mobile POS system is internet access and a mobile device that’s compatible with your selected POS software. If you opt for a contactless system, all you’ll need to do is download your chosen mobile POS app or software platform to your device. If you do require additional hardware, such as a card reader, you can have it sent to you directly when you subscribe to a platform. 

Costs 

Costs vary for each option, but because you connect to your mobile device, you usually avoid excessive hardware costs. Mobile POS software can be bought as a monthly subscription in most cases. Sometimes, software is even free, with optional paid add-ons.

Credit card payment processing fees also vary, but they apply to every transaction. In-person and online transactions can have different payment processing costs. Mobile POS systems also may have quote-based pricing or contractual agreements, depending on the company you choose. 

Buying a POS system

Before you start your research, make a list of everything you’re looking for in a POS system. Ask yourself these questions: Will your POS system options be user-friendly and easy for your staff to learn quickly? Do you need additional features, such as inventory management? You can read our guide to choosing a POS system to help you answer these key questions.

Mobile POS success stories

Some success stories from different types of businesses show that any owner can put their business at an advantage with a mobile POS system. Here’s a look at how entrepreneurs are using mobile POS systems successfully.

Success story: Niche shop has taken control of inventory.

Company: City Beer Store, beer shop and tasting bar

Mobile POS solution: Revel Systems, an iPad POS station provider

Unlike traditional POS systems, mobile POS systems go beyond merely completing transactions. They can also integrate front- and back-end processes, resulting in an efficient, streamlined reporting system. For businesses like City Beer Store, this means being able to take the reins of their operations. A case study by Revel Systems reveals how its mobile POS station helped City Beer Store take control of its inventory.

“Instead of coming into the office and taking hours to count inventory, items purchased are automatically withdrawn and the inventory is updated in real time,” said Patrick Donnelly, former director of marketing at Revel Systems. Automating inventory control also resulted in lower labor costs, the case study revealed.

“Revel has saved me five to 10 hours a week on inventory and planning, giving me more time to run my business and make better decisions,” said Craig Wathen, owner of City Beer Store. 

[See our picks for the best POS systems to find the right solution for your business.]

Success story: Hardware store can now remotely manage sales and operations.

Company: Ace Hardware, hardware and garden products retailer

Mobile POS solution: Epicor Mobile Manager, a smartphone app that lets businesses remotely manage orders and sales

A mobile POS system can eliminate the need to be physically at the office to keep an eye on sales. Epicor Mobile Manager enables stores to remotely manage sales and gauge performance with a smartphone.

“At any time and anywhere, I can check the sales of the store and see whether sales are spiking or declining,” said Ryan Lindner, store manager at Lindner Ace Hardware. “I can keep tabs on what items I am selling throughout the day. During the weekends, I can look at my phone to see whether the store needs me to come in or whether they’re managing fine on their own.”

Epicor’s mobile POS solution also enables Lindner to manage orders remotely. He uses his smartphone at home to review and finalize orders, and to add top-selling items to orders. “Now I can ensure the orders are more accurate and better reflect what we are selling,” Lindner said. “Mobile Manager has made it easier for me to be more involved in the ordering process.” 

Keep business moving with a mobile POS system

The benefits of a mobile POS system are numerous. From increasing the types of transactions you can accept to providing a seamless sales experience for customers and cashiers, mobile POS systems make life easier. 

The positive changes that come from adding a mobile POS system can improve your sales. If you want your business to grow, it might be time for a mobile POS system. 

Sara Angeles contributed to this article.