Point of Sale (POS) Glossary
High-speed retail is an implementation of a scheme to speed up a customer’s shopping experience. Some examples include offering curbside pick-up, drive-thru services, checkout around a store, and food trucks.
High-speed retail allows customers to complete business more quickly, versus standing in line at a traditional point of sale register. Streamlining the buying process increases customer satisfaction, which results in more repeat business.
The use of handheld POS terminals can be a boon to a store’s efficiency since they empower merchants to offer customers the ability to check out throughout a store and even curbside. They are a powerful way to implement high-speed retail without having to redesign stores or purchase expensive equipment.
Drive-thru windows for fast food have been popular for some time, but many other businesses have adopted them too, such as cleaners, grocery stores, drugstores, and more. Food trucks have also surged in popularity as people enjoy the convenience of high-speed retail.
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.
You’ve probably been at the register at the grocery store and asked if you wanted to contribute money to a charity as you checked out. Maybe you donated, or perhaps you found it was annoying. It might have depended on your mood that day, or possibly the charity was a deciding factor.