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They consist of the hardware and software components required to process an in-person payment. Many POS systems are also equipped with software that helps with other business processes like inventory and staff management, in addition to payment processing. Easy integration with existing POS and other payment software.
Typically, the merchant’s payment processing software will build the credit card processing rates into their fee. Square and PayPal are two that have popularized this model. Helcim and Stripe are the more popular payment processors offering interchange plus pricing models. The benefit of flat-rate pricing is its predictability.
Ensure that the processor you choose can work seamlessly with your existing point-of-sale (POS) system, eCommerce platform, or accounting software. The Shopify universe includes not just eCommerce software, but a POS system as well. HelcimHelcim provides full-service merchant accounts without a monthly fee.
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