Amazon developing new point-of-sale system to attract small businesses
Amazon is working on a new type of point-of-sale system for in-store and online transactions which can be sold to third-party sellers.
The new system which can handle both online and offline transactions and can also link to other services including Prime and Flex, would put Amazon in competition with Shopify, PayPal and Square, all of which offer point-of-sale (POS) systems.
The new POS system would deal with in-store and online transactions, add the Amazon checkout features and give businesses inventory and analytics.
Amazon reportedly uses a POS system that it created at its own stores, including Amazon Fresh and Amazon Books, Insider reported, citing a person familiar with the matter.
This allows Amazon to offer Prime discounts and other promotions when customers pay for their goods.
“This will allow our small business (SMB) customers to unify their online and offline channel management including inventory, offer Amazon One for contactless recognition and payment, and offer a customizable loyalty program that can utilize Prime benefits,” the document said.
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