The tricky thing about selecting a POS system is that each POS provider is looking to diversify its services. And everyone offers a special combination of software, hardware and payment processing. Some companies sell POS software only. They offer software and hardware. Some provide software, hardware and payment processing. Some have software and payment processing. Due to this, comparing value and overall costs are often challenging. you would like to form sure. You include the prices for all three components in your calculations when you’re evaluating your options.
Additionally, each POS system features a different mix of features, which can also vary by service tier. Many systems are often customized with peripherals on the hardware side. And add-on programs or integrations on the software side, though often at a further cost. As you evaluate systems, you would like to understand which features you need. So you’ll calculate the entire cost, including add-ons or integrations.
How Much Does a POS System Cost?
POS system costs vary widely. As mentioned above, there are three components to think about when you’re pricing out a system – hardware, software, and payment processing – and you ought to plan on comparison buying each component. The simplest POS system providers are compatible with third-party hardware so ready to you’ll go searching for deals (and could also be able to continue using it if you turn software providers later on). They’re also scalable, so you’ll start with just the fundamentals, and add peripherals as your business grows and your budget allows.
Very small businesses that only accept credit cards and may email receipts to their customers may start with just a phone or tablet and a card reader. If you have already got mobile devices and only got to buy a Mastercard reader (EMV compliant and NFC enabled), this sort of setup usually costs between $20 and $100. Most small businesses will need a few more peripherals: tablet stand, MasterCard reader, cash drawer and receipt printer.
POS Software Costs
For this sort of setup using your own tablet, you’ll typically pay between $600 and $1,000. Naturally, additional peripherals like barcode scanners, kitchen printers, and display screens cost extra. Cloud-based POS system costs vary from free (though there are strings attached) to many dollars per month. Most offer a choice of pricing tiers that accompany different features. Some tiers cap the number of users or the monthly sales volume you process. If you would like a basic, free POS system, the simplest options are from mobile MasterCard processors like Square, PayPal, and SumUp that include POS features as a part of their mobile processing apps.
Although you’re required to use these companies for your processing if you would like to use their POS software, there aren’t long-term contracts, and processing fees are charged on a pay-as-you-go basis, which is right for very small businesses. For the starting tier of an honest, full-featured POS software with no long-term contract and a choice of payment processor.