NFC payments are contactless payments that use near-field communication (NFC) technology to exchange data between readers and payment devices like Apple Pay and Google Pay eWallets in smartphones and smartwatches, or tap-to-pay credit and debit cards. NFC devices must be close together (typically less than 2 inches apart) to complete these contactless payments. NFC payments…
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5 Best Mobile POS Apps for 2020
Point-of-sale apps make running a business easier by handling sales, inventory, staff, and other business management tasks all in one system. You can download mobile POS (mPOS) systems to tablets or smartphones, although many offer terminals, credit card processors, and other tools. The best mPOS apps for 2020 are: : Best overall free mPOS for…
4 Best Inventory Management Software 2020
Inventory management software does more than just tell you what’s currently in the stockroom. Good software helps businesses track items or parts throughout the different supply chain stages from supplier through assembly, storage, and sale. Inventory management software provides greater visibility into all of these stages, allowing businesses to rely less on physical counts, achieve…
7 Best Free Inventory Management Software for 2020
Inventory software makes it easy for businesses from offices to stores to warehouses to track products, tools, and assets. Most free inventory management software limits use or features and offer paid plans if you need more. Many small businesses, however, find the free versions sufficient for their needs. Top 7 Free Inventory Management Software for…
4 Best Free POS Software for Small Businesses in 2020
A good point of sale system doesn’t have to be expensive. There are several free POS software systems that let you handle payments, track sales and inventory, store customer data, and provide reports. We evaluated forever-free POS systems for ease of use and features to find the best. The top four free POS systems in…
How Much Does it Cost to Open a Restaurant?
Startup costs for a new restaurant typically range from $95,000 to more than $2 million. The actual amount it costs to open a restaurant depends on factors like rent, furniture choices, and renovation goals. Typical expenses include one-time purchases like furniture and equipment alongside recurring payments like rent and utility bills. Lack of capital is…
How to Use a POS System to Run Your Business
From the grocery stores to your favorite café, nearly every mom-and-pop, brick and mortar, and mobile business uses a point-of-sale (POS) system to manage transactions. POS hardware includes touchscreens, cash drawers, bar code scanners, and other tools powered by software that manages sales and payments, inventory, and customer service. A well-instituted POS system can perform…
5 Best Credit Card Readers for Android 2020
Credit card readers for Android phones and tablets make it easy for merchants to make sales and accept credit cards anywhere, from food trucks to trade shows. With the advanced POS technology provided by several services and robust card readers, you can even use them in your brick-and-mortar store. Sometimes the best credit card reader…
POS Reconciliation: What It Is & How It’s Done
POS reconciliation is the process of manually checking your POS sales records against your cash on hand and credit card processing statements to ensure there are no discrepancies. POS reconciliation can be done anytime, but more frequent audits ensure any disparities are identified and fixed right away. For most businesses, the best practice is often…
6 Best Free Appointment Scheduling Software
Appointment scheduling software allows clients to view a calendar of your business’s available meeting times and self-book an appointment. It also lets business owners manage appointments, send automatic reminders, and accept deposits online. Free appointment scheduling software can be hard to find, as many programs are simply limited versions of larger, paid services. However, we…
How to Get a Liquor License + Costs
Liquor license costs start at around $300 but can grow into the tens of thousands depending on your location. Processing times range from three to 12 months. State, county, and local licensing requirements vary widely. Business owners in large markets like New York and Los Angeles frequently use license brokers or permit expeditors to navigate…
How Much Does a POS System Cost?
A point-of-sale (POS) system has two components: hardware and software. Most businesses purchase POS hardware outright, meaning the upfront cost can range from $50 for a simple card reader to over $10,000 for a large restaurant that needs multiple registers and tableside solutions. POS software typically follows a software-as-a-service (SaaS) model and is billed monthly…