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No-Cost EFTPOS: What is it and how does it work?

No-Cost EFTPOS is a type of EFTPOS pricing plan that allows businesses to pass on the recurring fees traditionally associated with accepting payment through an EFTPOS terminal to the customer as a small surcharge. As part of No-Cost EFTPOS, this surcharge is automatically added to the total value of a customer’s order at the time of payment. Depending on your EFTPOS provider, this surcharge may also cover additional fees such as your EFTPOS terminal rental fees, account fees and more. The Difference Between No-Cost EFTPOS and Traditional EFTPOS Traditional EFTPOS plans typically involve a variety of initial setup, recurring, and transaction-based fees charged directly to your business. While this will vary between EFTPOS payment providers, these fees will often encompass: A setup fee for initial system installation, integration and configuration Hardware fees Monthly EFTPOS terminal rental fees Monthly account fees Transaction fees for every payment processed via the EFTPOS terminal (this may be a flat fee, a percentage-based fee, a subscription fee or a combination of the three) Refund processing fees Technical support fees In a traditional EFTPOS payment plan, these fees would all be charged to the hospitality business, often as a monthly bill, eating into their potential profits.

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Contactless Payments and the Future of Point of Sale

Contactless payment solutions are redefining transactions in the retail sector at a time when convenience and speed are crucial. A major step forward for the industry, the advancement of point-of-sale systems (POS) to accept contactless cards and devices for payments paves the way for faster, more secure, and far more efficient transactions in the future. Globally, contactless payment acceptance has surged, thanks in part to consumer demand for more convenient payment options and, following the COVID-19 pandemic, a more hygienic means of payment that doesn’t require cash or touching machines. Retailers all over the world have quickly adjusted to these developments, which has resulted in improved point-of-sale systems that satisfy customer expectations and accept contactless payments. Benefits of Contactless Payments Efficient Transaction Solutions Contactless payments are significant when it comes to reducing the time transactions take to complete, allowing customers to complete purchases faster. This efficiency is important in allowing high-traffic retailers to serve customers faster, and reduce queue lengths. Enhanced Security Contactless POS systems such as those supplied by 21st Century Business Equipment are equipped with the latest software and advanced encryption technology, meaning they are more secure than older POS systems. Convenience and Hygiene Customers now like being

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The Comprehensive Guide To POS Consumables

At the heart of any retail or hospitality business is its Point of Sale (POS) System, its main hub for transactions, inventory management, accounting, and so much more. But while many previously paper-based processes have been integrated and digitised within your POS system, many more still rely on paper-based POS consumables. Businesses use POS consumables for anything from printing receipts to marking products as on sale in a supermarket or recording a customer’s order for its kitchen staff. These are often vital processes for ensuring the business meets the needs of its customers. What Are POS Consumables? POS Consumables are the regularly used and replaced items consumed during the operation of a POS system. These items are often essential to the functioning of a business’s POS system and generally include items such as receipt paper, label paper, printer ribbons and ink cassettes or rollers. In a broader context, this could include items such as tickets or paper wristbands used as proof of purchase at many events or festivals. They remain essential to how these businesses operate and are involved in the transaction process. Types of POS Consumables While there are a variety of different POS consumables available, the most common

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To The Point – February 2024

Welcome to another To the Point sharing who’s new and who the movers and shakers are in the WA hospo industry. We kicked off 2024 with a bang, and even though the eastern seaboard has seen a slowing hospo scene (some are reporting a 30% decline in trade along the coastal precinct!), WA has seen a surge of new developments. The long-anticipated Hillary’s Beach Club rolled out the red carpet, and we visited there for lunch some weeks back. We found a relaxed but crisp atmosphere for any type of occasion. Still working down the coast, the New Kailis Hospitality Venues are well underway, with Magic Apple (Ex-Barchetta) and Gibney set to open in the coming months. 21st CBE is proud to have been chosen as the local POS provider supplying the latest integrations with OrderMate. Heading into the city, our team at TECSEC Security is proposing the Milesight CCTV for the New Yagan Square development headed up by hospo legends, Ross and Drew – The Beaufort and Old Synagogue. Our team is working with Lynx Integration to provide the security piece to their automation platform, providing energy, aircon and lighting control for all the venues. Big shout out to

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Catering to Pop-up Shops: Mobile POS Systems

Whether operating a food truck, staffing a stall at the Fremantle Markets, or running a public exhibition for your product or service, pop-up shops need a reliable, portable point of sale (POS) system, such as a mobile POS system, to ensure they can accept and track payments on the go. Mobile POS (mPOS) systems can differ in implementation in a variety of ways, but at their core, utilise a dedicated wireless device, such as a smartphone or tablet, to facilitate many of the functions of a traditional POS terminal, including but not limited to processing transactions. Why Might Pop-up Shops Need a Mobile POS System Many of the problems faced by pop-up shops stem from their lack of a fixed location and haphazard access to amenities. Not only do operators need to be able to set up and quickly take down their temporary space at the open and close of business, but they can never be 100% sure of the state of the amenities they’ll have access to. Traditional POS Systems and terminals can often be cumbersome and require an external power source to operate, which increases the amount of equipment a pop-up shop may need to transport and their

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