mPOS — Much more than just a card accepting solution
mPOS is bound to play a big role in accelerating the progress towards a cashless society and its not just the convenience of paying through a credit/debit card anywhere that is driving its acceptance.
An mPOS is a mobile, low cost feature rich application comprising a smartphone/tablet app, a card reading device and online dashboards that allows organizations to showcase products and services, accept card payments, generate & email invoices and receipts, capture client information, assign tasks to team members in the field, update inventory and link with the oraganization’s CRM and accounting software for syncing the data.
The end to end encryption and PCI-DSS compliances makes mPOS a completely secure solution.
The next generation mPOS, customized for a process is helping in boosting efficiencies, increasing sales and saving costs, besides improving the customer experience. Below are specific applications where mPOS can make a difference.
Non-profits — Card present mobile fundraising for face-to-face campaigns.
Face-to-face fundraising is one of the best ways to engage people in conversations, know what they care about, inform them about the work your organization does and ask them to make a difference by contributing. Traditionally gifts were contributed through filling up paper forms, following up through phone calls and mails, receiving and depositing checks etc. The whole process used to take much time and effort.
Imagine a solution that allows face-to-face fundraisers accept gifts instantaneously, which is exactly an mPOS solution tailored for non-profits does.
The solution enables fundraisers to accept credit/debit cards from donors through a card reading device and a smartphone/tablet app, anywhere, anytime. Face-to-face fundraising is made more productive as gifting through credit card, cuts down the time between pledge initiation and fulfilment. The smartphone app not only integrates with the charity’s CRM, syncing the donor’s information, but also keeps a record of the geolocation of transactions facilitated by different fundraisers in the field. Also, real time transaction status and updates can be viewed from the app or an online dashboard.
Retail — Quick Checkouts for customer convenience
Long queues at retail checkouts, especially during sale season, often deter customers from entering the store. Nobody likes standing in long queues, waiting for their turn to make payment and get their purchased goods placed in a bag. Here, mPOS can play an important role in ‘busting the lines’ and improving overall customer experience.
Sales associates equipped with an mPOS Solution can help in-store customers with quick checkouts right at the product location.
A card reading device along with a smartphone/tablet app enables the sales associate to not only accept card payments but also capture valuable customer information and send it to an integrated CRM/ERP solution. A central merchant dashboard receives real time transaction status updates along with the transaction location. Moreover, integration with accounting/inventory software updates the stock levels after transactions.
mPOS not only costs a lot less than installing an additional fixed register, scanner etc but also helps the sale associate in building a stronger relationship with the customer. Also, advance mPOS capabilities enables them to offer information on upcoming products and promotions.
Live events — Contactless mPOS solutions for event vendors.
Carrying cash at live events can be a pain. Standing in long queues to get food, merchandise is tiresome and wastes time and energy. However, with an mPOS, the event vendors can turn their smartphones, tablets (accompanied by a card accepting device) into a card accepting and billing service. It not only increases customer convenience but also increases the speed of service leading to increased sales.
mPOS is a low cost, easy to set-up, portable solution that significantly cuts down the waiting time buying things during live events so that customers can focus on the event.
Home & Repair Services
Professionals like plumbers, electricians, carpenters, HVAC specialists involved in domestic repairs, renovations, maintenance etc and working independently or in a team can provide their clients an option to pay through credit/debit cards.
The solution benefits both the client and the professional; Clients don’t need to arrange for cash/change or write checks to pay for the service and the handyman need to wait for a check to be mailed or closed.
Flo2Cash specializes in providing end-to-end white label mPOS solutions.