Which POS System is Right for Your Small Business?

Oct 08, 2023 By Susan Kelly

For small businesses, it's crucial to know what kinds of tools they need to manage and expand their firm before deciding on the point of sale (POS). Every sale can be processed safely with a solid point of sale system for small businesses, and the correct software may make administrative work more effective.

Depending on the type of business you run, you'll generate different sales and require different kinds of services. An accounting software system that works well in a plumbing firm won't necessarily function well in an athletic training facility and vice versa.

When is a POS System Needed?

To take credit and debit card payments and keep track of sales, it's usually best to invest in a POS system designed for small businesses. An innovative point-of-sale system may help even the smallest of enterprises.

To get a clear picture of how well you're doing, you need a method for documenting each sale electronically. You can make better judgments if you have a lot of information about your business. As a small company owner, you must have a point-of-sale (POS) system to seem more authentic.

What Are the Different Types of POS Systems?

Even some businesses still use stand-alone systems, and many prefer iPad solutions that allow you to set the iPad on a secure stand or move it about the store.

Many company owners include mobile units or self-service kiosks into their current setup for curbside sales or contactless payments.

Cloud-based POS systems are becoming more and more common. Access to tools on a variety of devices, whether in your business or at home, is made possible thanks to this.

Advantages of POS Credit Card Processing and Integrations

There are several advantages to adopting a small company point-of-sale (POS) system instead of a traditional credit card processor. To begin, each time you accept payment through a POS, the system records every transaction detail. To effectively manage your inventory, you'll need a POS system to assist you with this task.

When you're short on an item, our POS software, Square Point of Sale, can give you an alert so you can restock in time. Data and analytics from a sound POS system may also be used to make informed decisions.

System for Home Repair and Contractor POS

Even in distant locations without internet, you need a highly mobile point of sale system that allows you to accept credit card payments at the job site.

If you have an iOS or Android cellphone with a headphone jack, you may use Square's free magstripe reader to accept payments at your small business. Square's contactless and chip reader lets you take chip and contactless payments to avoid the responsibility shift.

Small Business POS Systems of Choice

Point-of-sale (POS) systems help businesses better serve their customers and keep tabs on inventory, revenue, and staff performance by enabling anything from contactless payments to internet transactions.

You may also use your POS system to offer omnichannel experiences, which allow customers to buy from you in-store and over the phone or online. Even though 41% of retailers aim to improve or replace their POS, 59% emphasize omnichannel experiences with their current POS solution.

Choosing the ideal point-of-sale system for your small business might be difficult because so many options are available.

· Square

Customers at small companies ranging from retail stores to restaurants utilize Square's POS systems and gadgets. Square is the most outstanding all-around POS system for small companies because of the platform's adaptability and numerous price choices.

All three of Square's options include integrated payment processing. Pay 2.6 percent plus $0.10 on the Free Plan, 2.5 percent plus $0.10 on the Plus Plan, or 2.9 percent plus $0.30 for online transactions with credit card processing fees.

You'll need to contact its sales staff to learn more about its Premium Plan's customizable possibilities. The $799 Square register is ideal for the majority of small companies. Mobile square readers and iPad supports are also available from the firm.

· Shopify

When it comes to online shopping, there is no better option than Shopify, which has been providing e-commerce companies with a wide range of services since 2006. It is the ideal POS for e-commerce because of its extensive virtual capabilities.

A Shopify subscription is required before you can utilize the Shopify point of sale system. With prices ranging from $29 to $299 per month, your e-commerce website and blog may be covered with one of these plans.

· ShopKeep by Lightspeed

ShopKeep by Lightspeed, a cloud-based point-of-sale system frequently used by small retail outlets, including specialized shops and cafés, was founded in 2008 and bought in 2021. As a result, it's the ideal point of sale system for inventory management.

A free credit card reader is included with ShopKeep's three plans for merchants who qualify. You'll pay a fixed charge of 2.5% + $0.10 per transaction for credit card processing.

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