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Showing posts from February, 2024

Is there such a thing as a Free Lunch? Or a Free POS as far as that goes

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  Well you probably can't really get a free lunch but you can get a free POS system, no really! Years ago the model was very different from today. It used to be that you got your POS system from a POS dealer and you paid for it, you got your credit card services from your bank and maybe you tied the two together. POS dealers didn't care about offering credit card services and banks didn't care about offering POS. Well things are vastly different today because the companies selling credit card services figured out they could attract more customers by offering a POS system with their merchant services (credit card processing). The first I recall on the market was the Clover. It was a real disrupter the bank selling POS (Clover) and you had to use the banks processing service. the bank really didn't know the POS business nor really care about it but because new small businesses go to banks to open checking accounts the banks pounced on the unsuspecting store owner with an