Using MPOS Solution To Deliver Value To Retail Businesses
The latest innovation in mobile technology allows businesses to shed off the limitations of traditional checkout stands and pave the way for customers to process their payments right from their mobile devices. This technology is called MPOS or Mobile Point-Of Sales, which has been shown to significantly increase the quality, efficiency and convenience of processing payments and accepting virtually any type of credit card. With MPOS, retailers are now able to process payments right on their sales floor, the sidewalk or the parking lot or even in a small kiosk in the middle of a mall.
Understanding How MPOS Works
MPOS solution involves the use of a handheld mobile computer that features a payment card reader as well as a compact and lightweight printer. With MPOS, the sales staff will be able to swipe the customer’s cards to complete the purchase. The credit card information of the customer is encrypted and is then sent over WAN or WLAN in order to facilitate the processing and authorization of payment. Once the credit card charge has been authorized, customers can then sign on the screen of the mobile computer or enters the PIN to complete the transaction. The final receipt is then printed out for customers. All these can be accomplished without the need for customers to contend with long queues.
Important Advantages of MPOS
With MPOS, retailer are now able to deliver personalized service, by making possible the on the spot and end to end service, making shopping more fun and convenient. This will allow associates better chances of establishing stronger relationship with customers, which will in turn enhance loyalty.
The use of MPOS will also effectively eliminate wait times at checkout counters. This is especially important during holiday and payday rush when all the checkout counters have long queues, which often frustrate customers.