CANSTAR released a comprehensive review of payment terminal and software used to accept payments from credit cards and EFTPOS called merchant services.
When investigating available merchant services, make sure that you go beyond the basic features offered and understand how data is used and can be analysed to help grow your business. Solutions that integrate POS data with accounting, inventory, timesheets, payroll and online retail will make you more efficient by reducing the need for manual reconciliation. It will also make analysing the performance of your business easier by having most data in one place. For example, CBA offers an open platform called Pi that integrates multiple services including business insight.
For questions on how you can leverage the data from your current merchant services to improve your business, don’t hesitate to contact us.