Point of Sale (POS) Glossary
Flat pricing is when a merchant charges a set amount of money for products or services, regardless of the volume sold. An all-you-can-eat buffet, unlimited service from a cellphone carrier, or a gym with monthly versus visit pricing are examples of flat pricing.
A point of sale register could be configured to accommodate both flat and unit pricing, depending on circumstances. Customers might be offered the choice of an unlimited buffet or menu pricing. Another strategy might be to set up promotional groups where different customers might be eligible for varying deals depending on their membership.
A robust POS system can automate flat pricing versus unit pricing to streamline the checkout process. In those cases where specific groups have different promotions, the POS system can differentiate between them with scannable membership cards or customer information.
Customers love promotions! Buyers are often pulled in by one deal and wind up buying regularly priced merchandise in addition to, or sometimes instead of your discounted items.
An eCommerce website is open 24/7 and accessible from all over the world. Being online and having physical store opens your business to a global market.