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mPOS

What is a mPOS system?

A mobile POS, or mPOS, is a Point-Of-Sale System that uses a smartphone, tablet or wireless device to act as a register and accept payments on the go. A mobile POS accepts credit cards and contactless payments.
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Credit and debit cards with an EMV chip or magnetic stripe
Contactless credit cards
Digital wallets like Apple Pay and Google Pay, which use near-field communication (NFC) technology to facilitate contactless payments
Samsung Pay, which uses magnetic secure transmission (MST) technology to facilitate contactless payments
QR codes (allowing a customer to scan a QR code to make payment or use a discount)
What sets a mobile POS apart from a stationary POS system is the portability of the hardware. POS systems usually have a terminal, cash drawer and receipt printer. The hardware has a fixed location within the restaurant or store. With an mPOS, the terminal is portable. You can take it with you to a trade show or multiple other locations.
Both mPOS and POS systems use software that provide the ability to process payments, track inventory and run reports.

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