Buying.com Is Excited to Announce the Long-Awaited Launch of Our Point of Sale Aggregation Terminal
Buying.com is excited to announce that our point of sale aggregation terminal is now available. This is a major development in convenience and simplicity for businesses and restaurants across the US. Here’s why.
What is a Point of Sale Terminal?
Let’s start with point of sale, or POS for short. This is a term that describes the time and place in which a retail transaction occurs. It’s the moment when a retailer calculates a final cost, gives a customer an invoice and offers the options available for payment. Every type of business that takes orders or collects payment from a customer goes through the point of sale process, but in order to do so, they need a physical hardware that performs these actual tasks. This is what’s called a point of sale terminal. In many cases it’s a tabletop tablet, or in more on the go commerce situations it could be a cube that attaches to a phone. But no matter the technology, a point of sale terminal is necessary to businesses everywhere.
Why Buying.com’s POS Terminal is a Major Development for Businesses
Restaurants are a great use case for understanding why the Buying.com POS terminal is a major development for businesses. To start, most restaurants these days use multiple aggregators to take and deliver orders, such as Uber Eats or GrubHub. This use of aggregators is convenient in many ways, but it also has its burdens. One problem is that every aggregator comes with its own POS terminal. As a result, many restaurants are forced to work with all of these systems, making things clunky, redundant and sometimes confusing, especially within the high-stress environments that are typical of restaurants. Buying.com however, is making things more convenient by offering these businesses one single terminal for all of their orders.
By working with large aggregators like UberEats, Postmates, GrubHub and DoorDash, Buying.com has created a POS system that combines all of these point of sale transactions in one simple place. Restaurants can now say goodbye to a tablet for every aggregator and focus on just one multi-functional terminal. A big win for busy businesses that want to maximize ease and efficiency. It doesn’t end there though.
Buying.com is leveraging its decentralized delivery network capabilities to make its POS terminal more than just a hardware that combines aggregators. It’s taking it a step further by allowing restaurants and businesses of all kinds to use the system as a type of on-demand local courier system. For example, if a restaurant needs an order delivered at 2am, but Postmates does not have a driver to do so, the restaurant can click a button on the Buying.com terminal and order a Buying driver to make the delivery.
This also applies to any e-commerce business that wants on-demand delivery and all of their orders in one place. Consider the case of a gift company that sells baskets or flowers for special occasions. If they have a basket or a bouquet that needs one day delivery, they are often at the mercy of large shipping companies, and so timely delivery is never guaranteed. But, with the Buying.com terminal and decentralized network of drivers, this gift company can request a driver to have the package picked up from their facility and delivered locally within a couple hours or less. This is an innovative and necessary capability that Buying.com is excited to be providing to all kinds of businesses.
BUY Token Functionality With the POS Terminal
As always, it’s also important that we continue to discuss the $BUY token’s use within the Buying.com ecosystem, because of course, its function is intrinsic to its value. In the case of the POS terminal, businesses will pay their monthly membership fees in BUY token. To ensure continued simplicity and convenience, an internal fiat on-ramp will be available for users to convert US coins directly to $BUY tokens. This use case is one that shows the increased functionality of the token as the Buying.com ecosystem continues to grow.
In Conclusion
Buying.com has been working hard on its point of sale aggregation system and feels confident that this new addition to its products will benefit the company and the $BUY token greatly. By solving long-standing issues within both the delivery and e-commerce sectors, Buying.com continues to up-level the game for businesses everywhere.
Join the Buying.com Telegram channel for the latest updates on what the team is up to at this exciting time in our roadmap.
Website: https://www.buying.com
Telegram: https://t.me/buyingcom_announcements
Medium: https://medium.com/buying-com
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