Compare POS Software Prices - BUYERS GUIDE 2017
What is a POS System and How Much Does It Cost?
A Point-of-Sale System or POS system is a computerized network operated by a main computer and linked to several checkout terminals used for processing transactions. POS software gathers information about sales, inventory, and more while increasing transaction accuracy and reducing paper waste. In short, these systems are the computer version of yesterday's cash registers.
You can buy a POS for a small business for less than $1,500, while larger businesses may spend tens of thousands of dollars for a system with more capabilities. Prices go up depending on how many services you require from the software and add-ons like wireless portable scanners or PIN debit pads. You can also expect prices to increase based on the size of your network.
Compare Point of Sale Systems Pricing
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What to Look For In a Point of Sale Software:
A POS can contain features you’ve never thought of needing, such as client purchasing history and automatic alerts when a product drops below a set number. Most services will allow you to access and manage your inventory and sales records at all times, and receive daily, weekly, monthly, and annual reports.
You might want to start with a small, basic system that you can add to over time as your needs grow. Basic POS software running on a standard tablet, laptop, or computer with just a drawer and receipt printer is sufficient for many small businesses.Systems that are learnable and that don't require professional installation are also preferable for small business, though larger POS providers offer enterprise solutions as well.
More Buying Tips and Information: From hardware and payment processing to after purchase support there's lots to consider when buying point of sale software for your business. Be it for retail, restaurants, grocery stores, or salons each vendor has it specialty and it's good to make sure they offer an application that meets your industry needs. many prefer all-in-one touch screens and Electronic Cash Registers (ECR). Make sure to inquire about software upgrades, cloud back up service, and any financing options that may be available to you. Also, ask for information on wireless payment terminals, iOs Payment Processing, Gift Cards, and EBT cards if necessary.
POS – Point of Sale System Sample Costs
Below are a few examples of prices POS Systems which will give you an idea how much you will pay for your purchase.
- Simple POS software ranges $175-$900, while more robust POS systems can cost between $1,200 to upwards of $20,000.
- Microsale POS software costs around $700-$1100. This feature-rich setup manages a wide array of operations, including employee time tracking, reservations, credit card processing, inventory management, menu programming, wireless device support, and much more.
- You can purchase a refurbished point of sale solution for around $1,000.
- Swipe rates ranges between 59% to 2.75%
- Keyed in rates average5%
- Average cost for 300 transactions $105 (varies by amount of monthly sales)
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