Samsung Launches ‘Samsung POS’ Targeting Small Businesses

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The recently launched Samsung POS (Point of Sale) allows Canadian small businesses and entrepreneurs to accept debit, credit, and digital wallet payments via their Samsung Galaxy NFC-enabled smartphone – without the use of additional toggles or hardware.

Samsung POS is an app-driven payment acceptance solution, available exclusively in Canada. It accepts payments up to $100 by tapping contactless cards, Samsung Pay, Apple Pay, and Google Pay wallets.

The Point of Sale solution was engineered specifically for micro-merchants and small businesses looking to grow their revenue by accepting card payments. From yoga instructors to food truck owners, vendors at farmers markets to retailers, a seamless technology solution that improves vital processes like payment and check-out are critical tools for entrepreneurs growing their business. 

“A big part of being a personal trainer is that I’m always on-the-go, meeting clients all around the city. This is why Samsung POS is such a help when it comes to running my business. With this payment acceptance system, I just need to grab my phone and go; I know I can accept major cards and digital wallets with a quick tap – no extra hardware required. It gives me the flexibility to get-up-and-go and focus on giving my clients a great workout,” said Jose Lopez, a personal trainer and small business owner in Toronto.

Small business owners have to wear many hats when it comes to the operation of their companies, so it becomes extremely important to them to have the tools and technology available to allow them to conduct business as efficiently as possible.

In today’s quick consumer culture, customers are looking for seamless and effortless tap transactions, and small businesses need to be able to facilitate that. With Samsung POS, vendors can receive payment on the spot, without requiring additional hardware. It’s an accessible, highly secure, low-cost and easy-to-use mobile payment acceptance solution.

Beyond transactional capabilities, Samsung POS also allows merchants to send customer receipts via email, access real-time sales data, provide sales history, and create multiple staff accounts.

“Samsung POS makes collecting payments easier. After leading a training session, I don’t want to have my clients spending time setting up an EMT or writing a cheque. I love that I can just pull out my phone, have my clients tap their card-of-choice, and the transaction is complete. It’s that seamless and quick. If I ever need to look up receipts or records, I can also scroll through my app for a transaction synopsis,” said Lopez.

Equally as important as seamless transactions is knowing that your – and your customers’ – data is secure.  

The Samsung Knox platform is baked into the hardware and software of Samsung Galaxy devices. All data on Knox devices is securely encrypted by default, using a defence-grade security module. The Knox platform consists of overlapping defence and security mechanisms that protect against intrusion, malware, and other malicious threats during boot-up, run time — even when powered off.  

“I’ve been a long-time Samsung brand partner and currently use the Galaxy Note10+. I love how integrated the mobile ecosystem is. Samsung is constantly introducing new innovations for today’s consumers and small business owners – Samsung POS is just the latest example of that,” noted Lopez. 

Samsung POS does not include monthly or hidden fees. Instead, the only costs associated with the payment solution are low per-transaction rates. 

The sales solution has been piloted in Canada for the past several months and has been downloaded over 10,000 times. Canadians can download the Samsung POS app from the Galaxy Store or Google Play Store and go through a simple sign-up process within the app to register as a merchant. Samsung POS is expected to expand to other markets starting in 2020. 

*Partner content. To work with Retail Insider, please email: darryl@retail-insider.com

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