Scanning a barcode with an EFTPOS machine in the background
17Sep

How EFTPOS machines help save on business costs

Though you’ll see EFTPOS machines in almost every storefront these days, not every business understands the benefits that EFTPOS is bringing them, or knows when it’s time for them to upgrade their EFTPOS terminal to a newer model. In this blog post we’ll take a look at some of the ways in which an EFTPOS machine can help a business save money in a variety of areas, and ready them for the future of retail.

Faster sales flow

One of the main reasons the world has adopted EFTPOS instead of sticking with cash payments is that it helps retail businesses to process payments at the point of sale much faster, meaning that they can serve more people – which in turn creates happier customers, as they’re not held up while trying to pay for their goods.

It even makes it easier to serve customers from overseas – such as tourists or business travellers – who would otherwise take up time trying to use local currency, but can instead make a quick EFTPOS payment and move on to let others through!

Better-trained staff and reduced fraud

One of the major worries for any cash business is that unhappy or untrustworthy staff members will take the opportunity to commit fraud by taking cash from a cash register – but with a high-quality POS system supported by EFTPOS, that won’t be a worry for any business. Furthermore, you’ll be able to thoroughly train staff on how to use EFTPOS, meaning that they’ll be more competent across the board, and you can add additional topics into any training sessions to make sure that your staff are on the same page when it comes to their responsibilities and your expectations.

It’s also possible that with EFTPOS machines, you’ll be able to reduce your staffing costs, as taking cash handling out of the equation frees up more time around the store.

Moving your business toward the future

As we move toward a future dominated by electronic or digital payments, EFTPOS is a crucial step in preparing your business for ongoing success and expansion. Kiosk-only stores, different payWave style-methods, and digital wallets are all set to only become a bigger part of retail in the next few years, and having an up-to-date and modern EFTPOS machine in use will keep your business one step ahead of competitors. This will also save money when it comes to installing and adopting these necessary future technologies.

Upgrade your EFTPOS machine today!

If you’re looking for an expert to help you upgrade your EFTPOS machine or any other POS equipment, POS Technology is one of the foremost experts on EFTPOS NZ has to offer. Take a look around our online shop today to find what you’re looking for, or get in touch to talk to an expert!