Invented in the 1870s, the cash register was the very first “point-of-sale system”  mechanizing the transfer of money. Today, small business owners are opting for something more portable: smartphones, tablets and other mobile terminals, equipped with point-of-sale apps.

There are many such systems marketed to small businesses, the most popular of which
include Square, LevelUp , ShopKeep , and Revel. Most do not charge a monthly fee – instead, they take a cut of each transaction that ranges from 1.75% to 3.75%. They cater to different kinds of businesses offering customizations to accommodate diverse food and retail vendors. Vendors can check in on their business stats remotely from the cloud, seeing that day’s transactions in real-time, tracking inventory, and linking to accounting software such as QuickBooks. You never want to miss a sale!