Tuesday, May 05 2020
If you're just starting your own business and need to keep costs down, you may be discouraged by the overhead that buying and setting up a point of sale system can represent. Not only do you have to buy the necessary hardware, but you'll have to train your employees on how to use whatever proprietary interface the system uses. This can cause a lot of headaches and cost a lot of money that you might not have to invest, especially when you're a small business on a shoestring budget.
Wouldn't it be great if, instead of all that complexity and cost, you could just use hardware that you likely already have, such as a tablet, and simply pay a small fee to run POS software on it? Wouldn't it be even better if all the peripherals that you needed to take credit card payments and such snapped easily onto this existing hardware and didn't require any complicated installation? Even better, what if you didn't have to spend time training your employees to do much more than simply learn how to use a new app on an interface that they already know and love?
Well, these aren't the mad ramblings of a business owner who wishes life worked this way; life actually can work this way! There are quite a few offerings on that market that can turn your beloved iPad into a fully-functional POS that will allow you to take your customers' cashless payments and keep track of sales for a fraction of the cost of more complex POS systems. Why make everything complicated when you can just improvise with what you have and save money?
Now, you may be wondering: What are these magical POS systems that you can install right on your iPad? Let's take a look at some of the best in the market, so that you can continue your search with a fully-informed opinion:
You may hear about this tiny POS a lot, but that's because it's incredibly useful and requires no upfront fee. It works with all kinds of tablets and phones, both those running Android and those running iOS, so it will definitely work well with your iPad. The hardware is minimal, and amounts to the eponymous square magstripe reader that you insert into your device's headphone jack. You actually don't need anything more than that, and Square will send you the reader for free when you sign up; but if you want to get extra fancy, you can buy a stand to make your iPad look more like the familiar counter-top kiosk that customers might be used to.
Now, unlike a lot of POS systems, square requires no monthly fee and they take a percentage of your revenue instead. This can be both a good point and a bad point, depending on your volume of sales and on your profit margins per sale. As your sales increase, you may want to save money by getting a POS that just charges a monthly fee.
Maybe you don't currently have ten iPads just lying around for your employees to use, or maybe you're just looking for a more all-in-one solution. With Revel, you can get a hardware package that includes everything you need to put together an iPad-based POS, including the iPads themselves. Enjoy the familiar interface, but with a stand, a cash box, an integrated payment device and other hardware to make your experience much easier. The system even comes with a coin dispenser to help minimize errors in counting change that can cost you money.
Revel is ideal for many kinds of small businesses, but particularly for quick service restaurants and coffee houses. If you have a bar or a retail store, Revel also has options for you that can fit your particular needs.
With a name like that, you can assume that this POS was built from the ground up to be integrated with the iPad, and indeed it is designed to work with a range of iOS devices, to process your payments and keep track of your business's sales and inventory. It is a complete POS solution that you can take on the go. You can access your stats anywhere as well as store all of this information locally on your iPad.
iConnect also sells a number of their own, more complex proprietary POS hardware and software, and they also have solutions for those who prefer Android's interface. You can use their software for a relatively low monthly fee.
ShopKeep is a popular POS, and they offer iOS-based solutions. They sell hardware that works seamlessly with the iPad and their software is very feature-rich. Track not only sales, but expenses, inventory, and other data, and view it all in real time. You can also easily manage your newsletter and other email marketing strategies through their integration with Mailchimp, and accounting is a lot easier with their Quickbooks integration as well. They also have a great support team that is available every day, 24-hours a day; they will hold your hand throughout the entire set up process.
All of this is available for an inexpensive monthly fee, making this one of the best options for an iPad POS available.
So if you are looking for a POS for your new business, but find that all of your options are too complex, or else they don't reflect the kind of clean, simple interface that you're looking for, don't fret—there are lots of great iPad-based POS options out there. This allows you to have the intuitive and famously easy interface of Apple's iOS devices with the functionality of a superior point of sale system, and often the support of a third party that is dedicated to your success as a business. Many times, this won't even cost you more than 70 dollars per month. As you can see, going for this simplified model over a more complex, proprietary POS can be ideal as well as cost-effective, and, especially if you're just starting out, you should check out some of these options.
ISO Agent Partnership
Become a payment service provider today and take your business to the next level. If you are a sales-oriented individual with vast experience in the world of payment processing or you are a driven and motivated professional looking for a new challenge, the SMG ISO agent program might be a great fit for you. With the highest paying commission structure in the industry, superior products, and sales support, our program will see to it that you are rewarded for your efforts.
For anyone with a sales background or a passion for the payments industry, SMG is the ideal partnership. There are dozens of reasons to become a sales partner with Shaw Merchant Group, but don’t just take our word for it. Here are some of the top reasons that we were given when we asked our ISO agent participants why they chose us and why they continue to work with our highly lucrative program.
Sales Partner Portal
With our industry leading partner portal, you’ll have access to online enrollment, training sessions, marketing materials, and you’ll always be ahead of the game with the latest news and promotions.
Stay up-to-date on merchant issues and their resolutions via automated emails and text messages that include a detailed ticket number describing what the merchant’s concern was and how it was resolved.
Registered DBA (White Label)
With our program, you’ll be able to market under your own brand, without paying costly fees! Your brand will be seen on the partner portal, marketing communications, merchant statements, and more.
Free Equipment for Your Merchants
Selling businesses on a new processing plan is much easier when you are able to effortlessly jump over the hurdle of the cost of the equipment. With this program, you can offer your clients free equipment that they will need for their processing provider change. This lowers the barrier to switching and creates a higher conversion rate for you.
Lifetime Passive Income
You will recieve 50–70% of residual income based on the pay structure you select. You will share income on every available revenue stream. With SMG, you get a True Interchange Revenue Split. Unlike other ISO agent programs, there is no basis points off the top for BIN sponsorship or for what they call hidden losses. Our sales partners earn more residual income with our 50/50 partner program than you would with our competition who claim to offer a higher percentage because thier interchange cost (buy rate) is higher.
$20K Performance Bonus
We offer a performance-based fast start bonus that is payable for anyone that onboards more than the standard threshold of clients in the first 4 months. This program is designed to reward those experienced sales members that join our team and quickly learn how to sell this product. The bonus can reach up to $20,000, making it one of the most lucrative and competitive in the industry.
Profitability Based Bonuses
We will look at how much profit is generated on the account after they have been processing for one month and you earn 14 times of the total profit. Example: If we retain $100 in residuals in that month, the bonus would be 14 x $100 or $1,400. You would have already been paid $600, so we would pay you an additional $800 on that account. This bonus is capped at a max of $10,000 per merchant per location. With our dual pricing program it is easier than ever to earn huge bonuses with a 14x profitability bonus. This dual pricing model enables you to maximize your bonus at $10,000 on almost every merchant processing over $90k.
Dual Pricing Program
When you are selling merchant services, one of the best assets of any partner program is more rewards and incentive programs that save your client money. The Edge dual pricing program is one of the hottest new commodities in credit card processing, as it is designed to save the client thousands of dollars in credit card processing cost, instead passing on the fee to the consumer in a way that isn’t damaging to their own conversion rate and revenue. We offer this program to our clients and make it easy to understand and present for our sales partners.
With some sales jobs, you don’t even have the option for medical coverage. With the SMG ISO agent program, you’ll have the resources that you need to provide healthcare coverage to you and your family at an affordable rate. We take care of our own, and when you are in our program you will have access to these benefits.
White Label ISO Program
Grow Your Merchant Services ISO with White-Label Payment Solutions
As an independent sales organization (ISO), you can upgrade your business by providing merchant processing services under your own brand. You may dismiss the idea at first, probably thinking that you don’t have the infrastructure or expertise to set up your own payment processing company. However, with white label payment processing, all you really need is a good ISO partner.
How a White Label ISO Program Works
To offer payment processing services under your own brand, your ISO partner will provide you with an online application page that doesn’t identify their company. This “white label” solution is ready for your brand and includes your logo, colors, and contact information, so your merchants only identify the payment solutions with your company. It eliminates any confusion among your merchant customers about who their service provider and primary contact should be. Your brand is the only thing the merchant will see on your website, merchant portal, and marketing materials.
Your payments ISO partner becomes a silent partner, providing technology, payments functionality, and services. This puts you in more control, allowing you to deliver seamless, consistent customer experiences in all interactions – and enhance your brand’s reputation. With this white label payment solution, you won’t need to overcome negative perceptions a prospect may have about the company your working with. This is because you are creating a unique customer experience. Better still, you don't have to fall in line with another company's existing customer experience.
Once you start providing white label payment services, you will also find that you build stronger, longer lasting relationships with your merchants. They'll begin to view you as a payments expert and an expert in the other solutions you provide. You may even find you are able to grow your customer base, as merchants in every vertical or niche can benefit from accepting payments, enabling you to market to more types of businesses.
Remember: white label payment processing enables you to earn huge residual income.
Our White Label Program Will Save You Thousands in Fees
Put your brand on merchant statements and applications — build your brand with your sub-agents and merchants. Full white label payment solution with your logo and branding on applications, statements, online enrollment, merchant and partner portals.
We at Shaw Merchant Group have an awesome white label solution. There is no huge package of documents for you to fill out, no approval process by Visa and Mastercard and the sponsor banks, and best of all no annual dues. Here are some details on the “White Label ISO” program:
What do we brand?
What we need: