If you’ve decided to invest in a mobile point of sale (mPOS) solution for your retail stores, you’re already aware of the array of benefits it offers your business. However, many retailers face challenges in implementing their new mPOS technologies. That’s why it’s important to have a plan in place to address these obstacles.

Many independent software vendors (ISVs) across a wide range of industries, including retail, hotel & lodging, healthcare, etc., are building innovative mobile point of sale (mPOS) payment solutions. These solutions include mobile applications that allow merchants to run their business from a smartphone or tablet and are coupled with an mPOS card reader to accept card-based payments. To be able to accept payments, these applications must comply with the latest payment industry standards and be certified to securely accept EMV payments.

Mobile point of sale (mPOS) solutions are increasingly becoming a common way for businesses to extend or replace their fixed POS and become mobile. Over the years, mPOS has grown from a micro-merchant solution to one that is widely-adopted by enterprises in many different forms, including as a tablet POS.  

Traditionally, mobile point of sale (mPOS) solutions were aimed at micro-merchants and smaller business with limited resources. These businesses needed a payment acceptance option that was not only cost effective but gave them the mobility to do business outside of a brick and mortar location.

Every business likes to run efficiently, save on costs and gain the most out of its resources and optimize its operations. But sometimes, without realizing it, businesses leave money on the table—money they could easily save.