Cloud-based POS systems
Another name to call this POS type is the web POS system. Cloud-based POS systems inherit the power and features of an on-premise POS but take advantage of the internet and cloud-based storage. That brings you the ease of use, reliability, and benefits of modern software technologies.
The key difference between an on-premise and a cloud-based POS system is how the POS software is delivered to you. Unlike an on-premise POS, a cloud-based POS is installed in the remote data centers of POS providers. That helps you eliminate a lot of technical work to maintain the system so that you can focus on your primary purpose — to run your business. Here are some notable advantages of a web POS system:
Access from anywhere: Because the software is hosted in the cloud, you can access it by logging into any internet-connected device.
Automatic and regular updates: It allows your POS providers to update your software from their remote locations without traveling to your places. Besides, if you encounter any issues with the system, you can expect your provider to fix them quickly.
Affordability: You don’t have to pay a huge amount upfront. Most companies offer cloud-based systems with a subscription fee and sometimes one-time payment.
More interestingly, you can run a cloud-based POS without an internet connection. There’re web POS systems with an offline mode that allow retailers to use the POS even with no Internet connection. You can bring your POS to the trade shows, run popup stores, or utilize your spare space in your location to make checkout counters. When you’re back online, the data will be synced and automatically updated into cloud-based storage.
Potential customers: Businesses with broad product catalogs such as grocery stores, homeware stores, convenience stores, liquor stores, hotels, restaurants can benefit a lot from this POS type.