SoftPOS: how to cash in with your smartphone

What is SoftPOS and how does it work?

SoftPOS (Software Point of Sale) is a technology that transforms a simple smartphone or tablet into a contactless payment terminal. Thanks to a dedicated application, retailers can accept credit card and cell phone payments without the need for additional hardware. Operation is based on the NFC (Near Field Communication) technology found in most recent smartphones.

Advantages and disadvantages of SoftPOS

Advantages :

Low cost: No need to invest in a physical payment terminal.
Easy to install: a simple application is all it takes.
Greater mobility: Ideal for itinerant retailers, restaurateurs and professionals on the move.
Flexibility: Accepts contactless credit card payments.
Fast integration: Compatible with many management software packages.

Disadvantages :

Dependence on a compatible device: Requires an NFC-enabled smartphone or tablet.
Transaction limits: Some solutions impose a limit on payments.
Internet connection required: Works only with a stable connection.

SoftPOS Security: A Reliable System?

Is SoftPOS safe?

Yes, SoftPOS solutions comply with the most stringent security standards, such as PCI DSS and EMVCo, guaranteeing transaction protection.

Customer data protection

Payments are end-to-end encrypted and no sensitive data is stored on the device. What's more, some solutions integrate biometric authentication and strong authentication to enhance security.

Potential risks

Fraud: As with any electronic payment, risks do exist, but they are reduced by advanced security protocols.
Compromised devices: Using an unsecured device can expose transactions to threats. We therefore recommend using up-to-date devices protected by anti-malware solutions.

Practical questions about using SoftPOS

Which devices are compatible?

The SoftPOS works on NFC-equipped Android smartphones and tablets, such as the Samsung Galaxy S21/S22/S23, Google Pixel 6/7/8, Oppo Find X5/X6, Xiaomi Mi 11/12/13, and many others. Currently, iOS does not yet support this technology for all vendors.

How do I set up SoftPOS in my company?

Choose a supplier offering a solution SoftPOS solution, such as Easytransacoffers a high-performance, secure solution tailored to the needs of retailers.
Download the application the app store or google play on a compatible device.
Register and set up your account.
Start accepting payments immediately.

What are the associated costs?

Fees vary by supplier, but generally include :

A commission per transaction (often between 0.7% and 1.5%).
A monthly subscription for advanced features or for the number of SoftPOS devices used.

Who are the SoftPOS solution providers?

The main market players include :

Easytransac A complete, secure solution.
SumUp Tap A recognized player for independents.
MyPOS Glass An alternative for small businesses.
Adyen Tap to Pay Adapted to large companies.

How do I choose the right SoftPOS supplier?

Some companies offer to test the application in demo mode before cashing out (this is the case for Easytransac).

Check fees and commissions.
Check compatibility with your hardware.
Choose a supplier offering responsive customer support.

The impact of SoftPOS on your business

Integration with point-of-sale systems

SoftPOS can be integrated with cash register software, CRM and accounting tools to centralize all transactions.

Adaptable to your business

SoftPOS is ideal for :

Itinerant retailers (markets, trade fairs, events).
Restaurants wishing to cash in at the table.
Delivery drivers and professionals on the move.
But it is increasingly present in major retail chains.

Limitations and future developments of SoftPOS

Is it compatible with all bank cards?

SoftPOS accepts CB, Visa, Mastercard and certain local bank cards. However, some cards with a magnetic stripe or requiring a PIN code may not be compatible, depending on the supplier.

Conclusion: Why choose Easytransac's SoftPOS?

Easytransac offers a secure, easy-to-use SoftPOS solution perfectly adapted to the needs of retailers. By adopting this technology, you benefit from fast, flexible payment processing, with no hardware constraints.

Download our free application and start cashing in!

Would you like to find out more? Contact our team for a demonstration and start accepting payments with ease!

‍