Poynt POS terminal is a systematic and smart move to the next level in POS payment devices. Some people think it is the end, but the truth is that it is not the end, but it is the next step. When you look at today’s market, you realize that it is - either you have a terminal, a legacy POS or a cloud POS system that is cloud-based and up to date.
The transition between the classic payment terminal and the point of sale
If you notice the transition from the classic payment terminal to the point of sale you will realize that there is nothing in between for merchants. POYNT is the only thing new in between.
What do payment terminals do?
Payment terminals do a handful of tasks. If you have a Poynt point of sale system, you can effectively do a lot of things. You don’t have to upgrade your payment device to a new version of the hardware. All you have to do is to update the operating system. Alternatively, you can add a plugin to meet your needs.
Price point
Many people say that the price point is a definite factor, but it isn’t a high factor as most people think. The success of Poynt will be determined by how they distribute. Their critical success metric is going to be the distribution. They can integrate with numerous technologies as they pop out.
With PayPal and Macy getting together, a lot of regular consumers are going to adopt new methods of payment. They will still need to get Poynt POS into the hands of the merchants. This will be through someone they trust. It could be a bank, a hardware technician that fixes all the issues or someone who does cred card processing. Poynt is the winner through a smart partnership model and distribution.
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