Toast is a software company that provides restaurants with point-of-sale systems, as well as a host of other products covering ordering, management, and payment solutions. Toast’s flagship product is its Android-based cloud POS, which offers restauranteurs an easy-to-use, efficient software suite and simple, modular hardware. The success of that POS drove Toast’s value to over $1 billion in 2018, and at its peak, the company employed over 2,000 people. But despite all that success, the platform has some significant drawbacks which have only been compounded by the tough economic times the restaurant industry has faced in the wake of the COVID-19 pandemic. Weighing those pros and cons is key to determining if Toast is the right POS for your restaurant, and we’ll take a look at both sides of the issue below.
American consumers are unquestionably big fans of credit, with almost a quarter of all purchases made using credit cards in 2019. But, while most consumers are comfortable pulling out their plastic and enjoying the benefits of accessible credit, the sting of high-interest rates can still be a major purchase deterrent – especially on large purchases. But, what if there was another way for consumers to quickly and easily access manageable credit right at the point-of-sale, without the need to fill out long applications or submit stacks of documentation? That low-friction credit option already exists. It’s in its infancy, but POS financing – installment loans provided to customers right at the cash register – could be the next big thing in consumer payments.
With businesses getting ready to spool back up in the wake of nation-wide shutdowns and restrictions, many merchants will be firing their POS systems back up for the first time in months. But are they firing up the right POS? The amount of variation in POS systems available on the market is immense, with each offering specific strengths and weaknesses. That makes it important for merchants to regularly ask themselves whether the POS they have is still serving their needs adequately, and the following are five of the most important reasons it might be a good time to consider a change. Continue reading “Should You Consider Switching Your POS – Five Reasons it Might Be Time to Make a Change”
There is no telling when COVID-19 will recede for good, and there’s a very high chance that a second wave will occur, setting us all back significantly. But regardless of when the pandemic finally ends, the world is going to be a very different place, and some of the habits we’ve learned during these troubling times – like using contactless payments instead of cash – are almost certainly here to stay for good in any small business. Continue reading “Reopening Your Small Business – The Importance of a Good Plan and a Good Partner”
Clover is a popular POS system that provides both software and hardware solutions to merchants in industries like retail, service, and dining. In addition to their leading POS application and sleek hardware options like the Clover Mini and Clover Flex, the company also has an app store offering a huge variety of native and third-party applications. The following are four of the most popular and most useful of those apps available to merchants in 2020, but there are hundreds of options available for download, covering everything from inventory management, to fundraising, to games for customers.
In late 2019, a bipartisan bill was introduced to the United States Senate designed to seize back control over valuable user data from tech giants and return it to the users themselves by boosting portability. The Augmenting Compatibility and Competition by Enabling Service Switching Act, or ACCESS for short, aims to stop tech companies from walling off user data, making it harder for users to migrate their information from platform to platform, and, in some cases, even trapping them into certain ecosystems by making it too expensive to switch. While the bill legislation is primarily aimed at social media giants like Facebook, it has wide-ranging potential impacts, including on point-of-sale systems and the merchants that use them.