Soft POS vs mPOS
We are all used to Point of Sale (POS) systems. First, we swiped and now we tap debit and credit cards to pay. With the advent of new technology, Soft POS vs mPOS seems to be the comparison the industry is making.
Mobile Point of Sale (mPOS) consists of a card reader that is paired with your smart device either wirelessly or physically, allowing payment outside of bricks and mortar stores.
However, a major problem with both of these systems has been the cost of the hardware. Unfortunately, merchants are locked into expensive contracts for POS or mPOS hardware. With those supplying the hardware maintaining and replacing faulty devices.
Current technology is costing merchants.
Now new technology, a software-only Point of Sale payment solution (Soft POS) is available through Felix. It allows merchants to transform their smart devices into payment terminal systems with no additional hardware.
Software-only Point of Sale (Soft POS) is an application installed on an NFC-enabled Android mobile device, that acts as a software-based solution that turns the merchant’s phone into an NFC payment terminal system with no additional hardware while maintaining the security levels of the traditional chip and pin cards.
One of the biggest advantages the Soft POS system has over mPOS is that it enables merchants to become mobile and move across different locations while having the POS system available to them at any moment.
This provides a simple, secure, and frictionless way to accept mobile payments anywhere at any time. Simply enter the transaction amount into a device, tap the card or digital wallet (Google Pay, Apple Pay, etc) on the back, enter your PIN if required, and you are done.