EPOS Now Payment Processing: Fees, Security, and Setup Tip
For small and medium-sized businesses, accepting payments efficiently and securely is essential. EPOS Now offers a cloud-based POS system that manages sales while providing integrated payment processing. Understanding its features, fees, security measures, and setup process can help your business streamline payments and enhance the customer experience.
EPOS Now Payment Processing Overview
EPOS Now allows businesses to accept multiple payment methods, including credit and debit cards, contactless payments such as Apple Pay and Google Pay, and cash. The system supports chip-and-pin cards, magnetic stripe cards, and NFC-enabled mobile wallets, giving customers flexibility to pay with their preferred method. This flexibility not only improves the checkout experience but also speeds up transactions and reduces delays at the point of sale.
Payment Fees
Like most POS systems, EPOS Now charges fees for payment processing. Transaction fees typically include a percentage of each sale plus a small fixed fee per transaction, which can vary by region. In addition to transaction fees, businesses pay a monthly software subscription, with basic plans starting around $39 per month and higher tiers available for more advanced features and integrations. Hardware costs, including card readers and complete terminal bundles, are additional and may require an upfront investment. Understanding the total cost of ownership, including all fees and subscriptions, is essential to budget effectively and ensure the system aligns with your business’s expected sales volume.
Security Features
Security is a top priority for EPOS Now. The system is PCI compliant, ensuring that all cardholder data is processed and stored according to industry standards. Payment data is encrypted during transmission, protecting it from interception or fraud. User access controls limit sensitive actions to authorized personnel only, and regular software updates ensure that security protocols are current and any vulnerabilities are addressed. These measures reduce the risk of fraud and provide both business owners and customers with confidence in the payment process.
Setting Up EPOS Now Payment Processing
Setting up payment processing with EPOS Now begins with selecting the appropriate hardware, either EPOS Now’s own card readers or compatible third-party devices. Next, businesses must link a bank account through a merchant account to handle fund settlements, ensuring local compatibility if operating outside the US or UK. Payment methods should be configured to accept all intended options, including cards, contactless payments, and mobile wallets. Staff should be trained on how to process payments, issue refunds, and troubleshoot issues. Before going live, test transactions should be conducted to verify that the system is functioning properly and that all payment methods are working smoothly.
Tips to Optimize Payment Processing
To maximize efficiency, businesses should enable contactless payments, which many customers prefer for speed and convenience. It is important to monitor transaction fees regularly to ensure competitive rates and to use cloud-based reporting to track payment trends and quickly detect discrepancies. Keeping hardware updated with the latest firmware ensures smooth operation, while integrating EPOS Now with accounting or inventory software streamlines reconciliation and reduces manual effort.
Benefits for Small Businesses
EPOS Now’s integrated payment processing offers several advantages for small businesses. Checkout becomes faster and more convenient for customers, and errors are reduced compared to manual processing. Business owners gain real-time insights into all transactions, ensuring secure handling of sensitive payment information. The system is also scalable, allowing businesses to expand easily as they grow without changing their POS setup.
Things to Watch Out For
Businesses need to ensure that their chosen hardware supports local payment methods and currencies. Contract or subscription terms should be carefully reviewed to avoid unexpected fees. Additionally, staff training is critical to minimize errors and ensure smooth operations when using the system.
Conclusion
EPOS Now provides a secure, flexible, and user-friendly payment processing system ideal for small and medium-sized businesses. Understanding fees, security features, and the setup process allows businesses to maximize efficiency while providing a seamless checkout experience. Florida Payments recommends EPOS Now for businesses seeking a reliable, scalable, and easy-to-use POS system. By following best practices and optimizing the setup, business owners can streamline payments and focus on growth while keeping transactions safe and accurate.