A point of sale (POS) system is the combination of hardware and software that enables businesses to make those sales. The POS system makes sure the smooth working of invoicing software, centralizes sales, inventory management payment processing, and customer relationship management. The best post systems offer the functionality of robust tools for omnichannel sales, employee management and ensure customer loyalty. Mostly point of system offer their services without charges, though others cost much as $250 per month for a single terminal.
We did research on the point of sale and found the 10 best POS systems for small businesses. These points of sales systems are:
Square: Overall Best POS for Small Businesses
Square is overall the best POS system for small businesses. It is affordable for every small business. The Square mobile capabilities and POS tools offer a unique POS experience and suited for restaurants, retailers and services industries.
The Square POS systems are exclusively designed for different industries such as General, Retail, Restaurants and Appointments. Free subscription is also available and if you want to get additional features then goes for premium plans pricing ranging from $29 to $60 per month.
Pros
- Free POS
- User friendly interface and fast set up
- Facilities to grow parallel with your business
Cons
- Payment process locked into Square
- Limited phone support and services
- Limited personalize options
Square Pricing
- Monthly charges: $0–$60
- Installation charges: $0, installation is do-it-yourself (DIY)
- Contract length: Month to month
Shopify: Best POS for Omnichannel Retail
Shopify POS is the best POS system for retailers that exclusively designed for Shopify ecommerce store. To use it just sign up for an ecommerce account that you have option to opt for the included free POS or premium POS features at an additional cost.
Shopify ecommerce store known its online selling tools that offers some features such as robust ecommerce platform and smooth and effortless integrations for selling on your social channels.
The other features such as customizable checkout interface, offline selling and flexible payment options make this best Point of Sale for Omnichannel Retail.
Pros
- Easy to Use Omnichannel and inventory management tool
- Social media selling
- User friendly and intuitive interface
- Superb in class ecommerce platform
Cons
- Glitchy offline mode
- Free POS offers limited features
- Not a suitable option for high risk businesses
Shopify POS Pricing
- Monthly Charges $29 to $299 for ecommerce
- For POS you can pay $0 to $89 per location
- Installation charges$0
- Contract period : Month to Month and Annually
Lightspeed: Best for Inventory Management
To manage for big and complex inventories the Lightspeed retail is the ideal POS system. You can manage customer orders easily. The POS software build in catalog allows retailers to create product bundle, categories different variants and perfectly manage purchase orders. The lightspeed comes with the feature of most sophisticated analytics platforms for small and medium size businesses.
The lightspeed offers automated and robust restaurant POS along with 1-click vendor orders that you can place right from the dashboard.
Pros
- Free trial 14 –day to understand Shopify
- Details and easy to use Analytics tools
- Robust and Integrated ecommerce platform
- Live customer support and services 24/7
- Granular matrix inventory management
Cons
- Interface is not user friendly
- Pricey
- Limited shipping integrations
Lightspeed POS Pricing
- Monthly charges $69–$269 for retail.
- $39–$399 for restaurants varies by different payment plan, POS type and payment processor
- Lowest rates available with annual billing
- Installation charges: $0
- Contract Period: One year
Toast: Best POS for Restaurants
Toast is another prominent cloud based POS particularly designed for the restaurant industry. The free starter POS and pay as you go option for hardware enable small restaurants to start with Toast for zero upfront cost. And later on increase in POS footprints as the restaurant business grow.
The top features such as toast’s integrated online ordering, inventory management, delivery management, employee management and marketing tools love toast for new and growing restaurants.
Pros
- For quick start free starter POS option available
- Availability of Pay-as-you-go plans
- Robust and automated workforce and tip pool management
- Flexible delivery and online ordering tools
Cons
- Payment processing take time and locked into Toast
- Have to contract minimum two year
- Work on proprietary hardware
- More in demand features only available in pricier plans
Toast POS Pricing
- Monthly charges: $0–$165 or custom quote
- Software Installation charges:Optional; starting at $250
- Contract Period: Two years
TouchBistro: Best Multi-register Food & Beverage POS
TouchBistro is a trusted and reliable iPad based POS system that is designed specifically for beverage and food business. TouchBistro is compatible with multiple payment processors. As compare to Toast and Square the TouchBistro offers better payment processing. One more thing the TocuhBistro takes lowest processing.
TouchBistro comes with an intuitive interface and a similar dashboard that operates on iPhone. It is ideal POS system fo businesses with lots of employees.
A lowest payment processing free, easy-to-use interface and perfect design for mobile reporting make the TouchBristro idea for the beverage and food business. For restaurants, tea and coffee shops, and food truck ventures the TouchBristro is the best multi-register food and beverage POS.
Pros
- Self-installable iPad POS system
- Easy to use
- Simple delivery tools
- Supports multiple payment processors
- Affordable
Cons
- Requires one-year contract
- Loyalty and online ordering cost extra
- Inventory requires regular manual entry to stay updated
- Best for high-volume, multi-register operations
TouchBistro Pricing
- Monthly charges: $69 per terminal
- POS Installation fee: $0
- Contract Period: One year
- Multi add on available for online order placement, loyalty and gift cards program, online reservations and affiliate programs etc.
- Processing fees: Varies fees apply
How to Choose a POS System for your Small Business
Choosing a POS system for your small business is one of the most important decisions that you should taken wisely. Only right POS system can assist you to process customers payments, tracks orders, grow sales and perfectly manage orders inventory. This is all done in only one Point of Sales system. To ensure that you have selected the right POS system, consider your requirements, allocate budget and how much time you have to learn how to use the POS system.
Bottom Line
The best POS systems mean you have the right way to accept payments from your valued customers. With the advancement of Point of Sales system business owners can sell products and services. Now they can receive payment from customers anywhere and anytime. With the development of AI technology in POS system now business owners can manage the inventory automatically. Choose the best post system that meet your business requirement and automate your payment processing easily.
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