SoftPOS has been a revolutionary technology that is reshaping the way businesses conduct transactions. In this article, we will tell you all the things you want to know about SoftPOS.
What is SoftPOS?
SoftPOS, whose full name is Software Point of Sale, is a fast, convenient and secure card payment acceptance technology. Software POS allows to acceptance of any contactless card payment or mobile wallet payment right from NFC-enabled devices. In other words, with a smartphone supporting near-field communications, businesses can accept EMV contactless card payments. That is why SoftPOS is also called the tap-to-phone system or tap-on-phone solution.
What are the advantages of SoftPOS?
Lower-costs
The most obvious advantage of SoftPOS is that it costs less. There is no need for businesses to purchase a card reader specifically used for card payment acceptance. Businesses only need to download a fintech app on their NFC-compatible terminals and they can accept credit card transactions. Less money will be spent on purchasing, leasing, and maintaining card-reading devices.
Especially for the start-up business, purchasing a POS machine, whether an electronic POS terminal or mobile POS MACHINE, can be an expensive expense. Instead, there is no extra cost to introduce SoftPOS, which saves a lot for businesses in the initial stage.
Easy operations
SoftPOS is easy to use. People who know how to use a smartphone can master Android SoftPOS devices easily. Unlike general EMV POS, merchants need to wait for at least 4 days after placing the order, for the POS hardware requires testing, injecting the key, and downloading OS before delivery. Instead, for Software POS, what merchants have to do is spend a matter of minutes purchasing an NFC-compatible device or directly using the one they already have, downloading an app, conducting a KYC procedure, provisioning the app, and enrolling with their merchant ID to connect to their bank account. Operating SoftPOS doesnāt even require professional training like the traditional e-POS.
Portable to carry
Is it more portable to bring one thing out or two things? The answer is obvious. Smartphones have become an indispensable part of our daily life, and most people take their phones wherever they go. People may forget their mobile POS terminals but seldom forget their smartphones. Thanks to SoftPOS, merchants can turn their mobile phones into a POS terminal and donāt have to bring additional hardware out. Tap-on-phone solutions are most suitable for mobile businesses, like food trucks, on-site maintenance services, flea markets, etc.
Accept payments anywhere anytime
Software POS allows merchants to accept more payments anytime as well. As technology develops, mobile payments become more popular. In addition to credit cards, mobile wallets are starting to be used by more people, like Google Pay, Apple Pay, Samsung Pay, etc. As non-contact payments win more recognition, now is the best time to deploy tap-on-phone solutions to accept these payments. With Software POS, customers just need to tap their NFC cards on the merchantās NFC-compatible Android terminals and thus merchants can accept payments anytime anywhere with their NFC-compatible smartphones.
More secure
Transactions using SoftPOS provide a high level of security for both consumers and merchants.As tap-to-pay transactions are encrypted and tokenized, payment information is protected and replaced with a unique code for each transaction. This ensures that sensitive payment information is not exposed during the transaction, reducing the risk of fraud and unauthorized access to financial data.
As a smart terminal and solution provider, Telpo launches a variety of NFC-compatible POS and SoftPOS solutions. Telpo offers a cost-effective solution for merchants to accept credit card payments by downloading POS software. Telpo SoftPOS solutions cover a wide range of application scenarios of payment, retail, public transport, etc.
Telpo M8
The smart POS terminal Telpo M8 is an all-in-one machine that takes up little space, is high-performance and is easy to use. It is an amazing choice for you to apply SoftPOS.
1. 200% improved performance: Quad-core 2.0 GHz processor, Android 12 OS
2. Dual-display design: 8-inch main display + 3.27-inch customer display
3. 50% improved printing performance: max 110mm/s printing speed
4. All-in-one payment: NFC compatible, SoftPOS, QR code scanning
5. User-defined functional key and 8 Ports for external accessories
6. Applications: tax registration, food ordering, mobile payment, e-ticketing and lottery
Telpo M1
Telpo M1 is a 6-inch Android device with a good appearance, and greatly upgrades the styles of restaurants. Telpo M1 has a wide appication. The light weight of Telpo M1 makes it easy to carry and the best helper to offer delivery service outside.
1. Excellent performance. Android 11 OS + Qualcomm 2.0Ghz Quad-core processor.
2. Quick charge. 18W fast charging, intelligent battery protection, 65% charged in 0.5 hours.
3. Multi-payment. NFC card reader, QR code scanner, certified by Google Mobile Services.
Founded in 1999, Telpo has rich experience in customizing and manufacturing. Telpo has developed a wide variety of NFC-compatible terminals that can be used as SoftPOS. Welcome to contact us for more details.
Tag: SoftPOS, Software POS, tap-to-phone system, payment acceptance device, tap-on-phone solution
