POS Reports: Getting Beyond the Basics

May 23, 2016

Not all POS’s boast advanced reports. Merchants interested in more advanced specifics concerning POS reports can find important information in this blog post. The latest POS reports data enables merchants to use a POS to the best possible effect and grow.

Merchants trying to find answers to their questions concerning modern POS and payment processing should consider turning to emerchantbroker.com. EMB is voted #1 high-risk merchant account provider in the US. EMB offers the latest payment processing services and low-cost merchant accounts, including a bail bonds merchant account, regardless of your credit history.

  • Catering/Delivery Report

This type of report allows for tracking pending orders and the status of the delivery. It also makes an analysis of past orders and provides a delivery management feature.

“Toast” is an option to choose. It enables the user to generate reports featuring information on in-progress, pending, and completed catering or delivery orders. Additionally, it can track the time a driver spends on making each delivery. “Revel” is another option to use. It gives a report on the real-time progress of a driver making the delivery.

  • Discount Report

If you offer discounts time after time, you’d like to know what impact they make on your business. A POS featuring adjustable discount functionality and a number of price books will enable you to offer special discounts without facing any challenges.

Thanks to this type of POS report, you won’t need to manually apply price reductions or track those discounts. What is more, it will show you discount totals and employees having made each discount. “TouchBistro POS” is one of the options to choose.

  • Loyalty Rewards Report

Loyalty programs are designed to allow for providing exclusive offers so to create a loyal “fan” base. Thanks to a POS-integrated loyalty rewards software, you can easily keep track of your customer base. This refers also to offers extended to your customers. Moreover, you can evaluate the success of your loyalty program so to estimate your revenue and apply the necessary changes.

Using such loyalty program or rewards POS report, you can capture customer information at checkout. The loyalty programs may be based on the POS software, e.g. ERPLY. Also, a third-party loyalty software, such as App Card or Perkville, may be integrated with the POS.

  • Online Sales Report

Merchants doing a brick-and-mortar (B&M) business or running a website may encounter some specific reporting difficulties. This type of report can be used for both offline and online sales in an integrated manner. It will provide the whole information on sales in one place. “Vend’s Sortable Sales Report” is one of the available options on the market.

  • Product Variant Report

This type of report is designed for retail businesses selling variations of one and the same product. It can help you get in-depth insight into your sales so to better understand your best- and worst-selling product features. “Shopify POS” is one of the options to obtain.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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