If you are going to accept payments through credit and debit card and have streamlined sales tracking system, it is usually wise to invest in POS systems designed for small business. Even a small business can benefit from good POS system. Unless you own a robust POS System to record each sale online, it is not easy to have accurate knowledge of what you are going to sell. The more data you have related to your business, the better you can make informed decisions. In addition, you can be more legitimate with a small business POS system which is very vital to start out. Here’s what to look for when picking POS system –
• Initial cost to setup your POS system
• Cost of payment processing (for example, percentage of sale + charge per transaction)
• Other monthly fee for processing (for example, chargeback, PCI compliance etc.)
• Rental fees/equipment costs
• POS software fees
• Mobility level
• PCI compliance (the way you process payments, manage data of customers securely, and connect your systems)
• Ability to accept EMV chip cards
• Level of mobility
• Ability to accept NFC payments like Google Pay, Apple Pay, and contactless cards
• Key features of POS software, such as ability to store customer data securely, invoices, customer feedback, inventory management etc.

Using POS System for Credit Card Processing
There are plenty of benefits of using POS system for small business when taking payments with credit card processor. Every time you take payment with POS, all the data is tracked from the sale and recorded in the system it is important for inventory management which is vital to keep track of. For example, Square POS system can send alerts when your business is having shortage of any item so you can reorder the item before it goes out of stock.