28 Point of Sale Systems for Small Business (2023)

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Choosing the right point of sale (POS) system is vital for small businesses. With the right point of sale system, small businesses can manage and control business expenses with greater proficiency, have a better understanding of what products sell best and then refine their stock accordingly, track product results and performance and engage customers and prospective customers with loyalty rewards.

With a wealth of point of sale systems and software available, how does your small business choose the right one for your unique needs? Small Business Trends has identified 28 point of sale systems small businesses could benefit from.

Brilliant POS

Brilliant POS enables business to replace standard cash registers with a stand-alone terminal, a receipt/label printer and a barcode scanner. With the Brilliant POS system retailers can make payments, manage time sheets, track inventory, run reports, and more. With cloud backup and offsite access, Brilliant POS removes the worry of losing data if a device is lost or stolen, as all the data is stored securely on the Brilliant POS servers.

Vend

Vend is the United States’ leading retail POS software, dedicated to making it easy for retailers to sell to their customers. Working with leading merchant providers from around the world, Vend allows businesses to choose the best way to accept payments, including debit, credit and gift cards.

Vend enables ease of sale, regardless of whether retailers use Vend’s responsive web-based POS on PC, Mac or the Vend Register iPad app. Vend offers a range of pricing structures. Its Starter package is designed for a single outlet with three users. The Advanced payment is for a single outlet with unlimited users. The Multi-Outlet structure can be used by multiple users.

Revel

28 Point of Sale Systems for Small Business (1)

As well as POS capabilities, Revel comes with a host of other features to help simplify business processes, including QuickBooks integration, analytics, payroll management and appointment scheduling. A standard Revel POS terminal includes an iPad, payment device, POS stand, router, Wi-Fi access point, POS printer and a secure cash drawer.

Revel offer POS solutions for diverse businesses, including retailers, restaurants, sports stadiums, self-service kiosks and convenience stores. Interested businesses can get a quote from the Revel sales team for a customized POS solution.

Tillpoint

Tillpoint is an award-winning and complete cloud-based POS system that provides an easy-to-use and effective solution for retail, hospitality and service-based businesses. The Tillpoint package includes everything a small business will need for seamless POS integration, including the software and hardware required to start trading straight away.

POS Nation

POS Nation offers retailers a POS system that can be tailored to their specific needs. Users can customize the system, choosing the software, hardware and peripherals needed to optimize productivity and profitability.

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POS Nation allows businesses to manage different aspects of operations, from finances to inventory, and gain the insight to make better business decisions.

Shopify

28 Point of Sale Systems for Small Business (2)

Shopify is an inexpensive POS for businesses. With an easy-to-use interface, Shopify does not require much training. Mobile POS is available with Shopify as the system works on iPhone and iPad. A three-tiered payment classification, includes Basic Shopify, designed for start-ups, Shopify to assist growing businesses, and Advanced Shopify, for scaling businesses.

ShopKeep

ShopKeep is a POS system designed for retail, quick serve, restaurant and bar and franchises. ShopKeep can be used for payment processing, inventory management, transactions, customer marketing, staff management, reporting and analytics, and more. ShopKeep’s hardware comprises of iPad enclosures, cash drawers, printers, readers and other robust hardware to cater for the needs of modern businesses.

Unlike other POS vendors, which offer tiered payment structures, ShopKeep touts a standard price.

Skubana

Skubana helps online retailers deliver seamless transactions by providing a smart POS solution. The system automates and streamlines all your business transactions, including purchase orders and fulfilment workflow, to create more efficient and intelligent business operations.

Acme

Acme Point of Sale is built specifically for retail. Fighting credit card fraud at the point of sale is a leading priority for all retailers. Acme offers secure payment solutions with any device. The Acme Wonder Bundle includes point of sale software, a 7000 Series Touch Screen Windows 10 computer with Intel Inside, a choice of Aggressive Built-in or external bar code scanners and a high speed/ hop swappable receipt printer.

Square

Square is a POS system that’s designed to grow as a small business expands. This powerfulPOS platform enables businesses to make payments, digital receipts, open tickets, inventory, reports, and more.

Square is designed for every type of business, regardless of the industry. The system is free to download and can be used as a mobile POS on a smartphone or on a tablet at a counter.

Cashier Live

Cashier Live offers smart online POS software solutions for retailers. Businesses can access the software via the internet, or though iPad or iPhone apps. Cashier Live’s software help businesses ring up sales with ease, as well as tracking inventory, managing staff, accessing data and generating reports. This POS system boasts special features for retailers operating hardware stores, pharmacies and boutiques.

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Cashier Live users receive unlimited registers, unlimited inventory and unlimited support.

TouchBistro

Restaurateurs might be interested in TouchBistro, an easy-to-use and affordable POS system designed specifically for the needs of the restaurant industry. Mobile payments are becoming a key feature in modern payment systems, and TouchBistro is compatible with the iPad, giving restauranteurs additional flexibility. The POS system provides 24/07 support and a number of pricing structures, ranging from the Solo plan to the Unlimited plan.

Bindo

Bindo is a POS system for the iPad which helps retailers and restaurateurs manage their business easier with a cloud-based POS. From invoicing to time clocking, Bindo has more than 300 features designed to streamline business operations. The system provides actionable analytics, detailed metrics, which are neatly presented to provide businesses with an understanding of how improvements can be made. Bindo’s hardware includes everything from barcode scanners to scales, which are supported by the Bindo’s comprehensive point of sale system.

Bindo offers a flexible pricing system, which can be custom-built depending on a business’s specific needs.

Franpos

Formerly known as iConnect, Franpos provides POS solutions with comprehensive features to franchise businesses. Franpos’s point of sale system is sleek and powerful, designed for everyday operations. The POS provider also pairs the right software with great hardware, eliminating the headache of making important POS software and hardware decisions.

Springboard

Springboard is a powerful, cloud-based POS software and management system for retailers. The platform is designed to help retailers sell more and sell smarter. The intuitive and easy to use point of sale system works on mobile and desktop devices and being cloud-based, allows businesses to access key data whilst on the go.

Springboard offers a flexible and scalable, three-tiered payment structure.

Gotmerchant

Gotmerchant offers a fully loaded Harbortouch POS system for restaurant and retail businesses. This fully-inclusive POS system includes all the basic hardware and software required for an effective point of sale system, unlimited training, professional on-site installation, lifetime 24/7 technical support and other features designed to help small businesses revolutionize business processes with no start-up cost.

Lavu

Lavu is a POS system for the iPad for coffee shops, food trucks, restaurants, pizzerias, bars and other types of catering establishments. Lavu states it offers premier point of sale technology, which is designed exclusively for restaurants and bars. Some of the key benefits of using the Lavu system, include industry-leading payment processing rates, 24/7 US-based customer care, menu and restaurant layout customization and shift scheduling for easy clocking in and out.

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Lavu offers flexible payment plans to cater for different small business budgets.

Lightspeed

28 Point of Sale Systems for Small Business (3)

Lightspeed is a point of sale and ecommerce provider based in Montreal, Canada, providing small and medium-sized businesses in the retail and restaurant sectors point of sale solutions.

Founder Dax Dasilva told Small Business Trends how the company is the “most powerful cloud based commerce solution for independent businesses for both in store and online applications.”

Lightspeed is dedicated to helping local businesses succeed through a reliable and intuitive POS software and a store management system. Retailers and restaurants can benefit from comprehensive data analytics and sales processing.

Lightspeed offers three pricing options.

Bluestore Live

Bluestore Live offers retailers a flexible point of sale system that can run on different hardware. At the heart of Bluestore Live is an admin console, in which a business’s data is securely stored on BlueStore’s servers living in the cloud or the company’s own private URL. From the console, retailers can create products, check stock, change prices, run sales reports, and more.

Bluestore Live has a simple pricing system starting with a basic plan of one terminal per store.

Tiger POS

Tiger POS is a point of sale platform that has been built for store owners by store owners, specifically for liquor store owners. This affordable POS system has an age verification feature, as well as shelf labeling, reporting, security camera integration and purchasing and receiving capabilities.

ePOS

ePOS is a comprehensive point of sale system for the hospitality and retail industries The POS is available on mobile iOS and Android devices, as well as PCs and Macs. ePOS system is easy to use, and staff can be trained on it in 15 minutes. Real time reports can be generated and monitored from anywhere. The POS includes a payment system, online ordering platforms, accounting systems an CRM.

PayPal Here

PayPal Here is a credit card reader and mobile app that can be downloaded onto an iPad, Android or Windows device, providing a solid POS system for businesses that enables credit card processing. The system features automatic invoicing, barcode scanning, debit card PIN processing and digital receipts.

Quickbooks

Quickbooks’ point of sale is EVA-ready and is designed to support the most updated payment technology. Small businesses can take advantage of simple credit card processing, which is integrated with Quickbooks and encrypted for the protection of the business and its customers’ data.

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Interested businesses can give Quickbooks’ POS a free trial and pricing is dependent on the hardware and software bundle a business opts for.

SWIM

SWIM offers a POS system for businesses operating within the jewellery sector. Designed for an iPAD, this POS assists jewellers with sales processing and the management of their business. Features are specific to the jewellery business and include stock counting, instant quotes and custom orders, as well as various marketing tools.

SWIM offers four different pricing structures, starting with a month of trialling the software to the highest plan that includes unlimited sales and inventory items.

Toast

Toast is an all-in-one management solution for restauranteurs. The system provides delivery tracking, real-time reporting, online ordering, and more. The Android POS system is fully customizable and is available to eateries of all sizes.

This POS software, designed to increase the profitability of restaurants, provides 24/7 support from a U.S-based support team.

Booker

Booker’s point of sale system ensures a small business’s customers are left feeling satisfied by using an effortless checkout system. The system connects with your credit card processor so transactions can be processed in real time. As well as being able to track customer purchases over time, Booker allows you to connect your POS with customer profiles to process payments using a card on file for incredible fast and efficient transactions.

MyCheck

In 2014 MyCheck announced full integration into POSitouch Point of Sale software. This payment technology platform enables brands to increase engagement with customers and customize their digital experience.

MyCheck’s POS integration requires no special hardware and provides unique reporting tools. MyCheck provides a pay-as-you-go pricing model in which businesses can choose the specific capabilities they require from the system.

SlickPOS

SlickPOS provides quick and easy-to-use POS software for restaurants, cafes, food trucks, and other dining venues.

The SlickPOS system can be run on a browser or installed as a MacOS or Windows app. The iOS and Android billing app can also be used on smartphones and tablets. Restauranteurs can integrate online orders with the billing software so they can manage both online and in-store orders using one single, convenient system.

Are you a small business which relies on a POS system to streamline payments and other management operations? We’d love to hear your experiences of POS systems for small businesses.

Point of Sale Photo via Shutterstock33 Comments ▼

(Video) Point of Sale System for Small Businesses: How to Choose the Right One?

FAQs

What makes a good point of sale system? ›

Ideally, your system should create detailed sales reports, complete with charts and graphs. It also should have an easy-to-comprehend dashboard that provides sales, cash, and inventory data in real time.

What is the simplest POS system? ›

Clover is one of the most easy-to-use POS systems for small businesses, but don't think it's lacking in features. Some of Clover's standout features include: Offline payment mode. Online and contactless payments. Buy online, pick up in-store/delivery options.

Which POS system is the best? ›

The 7 Best POS Systems
  • Lightspeed – Best overall POS.
  • Square – Best for selling in-person and online.
  • TouchBistro – Best for restaurants and food service.
  • Revel – Best for multi-location businesses.
  • Shopify – Best ecommerce POS.
  • Quickbooks POS – Best for accounting integration.
  • Helcim – Best for lowering transaction costs.
5 Oct 2022

Why do small businesses need POS? ›

A POS for small businesses can keep track of your inventory and indicate when you need to reorder stock. This is extremely important for small businesses experiencing rapid growth! Your POS can instill inventory processes that grow with your business, saving you time and money in the long-run.

What is the purpose of POS in small business? ›

In general, a POS system helps you improve your operations for your customers. This includes reducing waiting time, faster scanning of items, quicker payments, etc. With these operational improvements, customers will tend to get better service and come back to your store for their next purchase.

How do you know if a POS is good? ›

For multi-outlet management, the POS should be able to transfer out and transfer in stock between branches, thereby integrating sales and purchase. A good POS should have user-friendly accounts management – receivables, payments and banking, all in one place.

How do you maintain a good POS? ›

The idea is to keep your body in perfect alignment, maintaining the spine's natural curvature, with your neck straight and shoulders parallel with the hips:
  1. keep your shoulders back and relaxed.
  2. pull in your abdomen.
  3. keep your feet about hip distance apart.
  4. balance your weight evenly on both feet.

How can I improve my POS business? ›

5 Ways to Leverage your Mobile POS to Improve your Marketing...
  1. Improved Gathering of Consumer Data. The heartbeat of any marketing strategy is the underlying consumer data. ...
  2. Loyalty Programs. ...
  3. New Marketing Channels. ...
  4. Timing Matters. ...
  5. Gift Cards.
12 Feb 2022

How much is a simple POS system? ›

POS system costs can start as low as $0 and climb upward of $230 per month for small businesses with one POS terminal. For larger businesses, the costs can get into the $1,000+ range, depending on which features they need, how many stores they have, and how many terminals they need.

Which POS is the cheapest? ›

Best 29 Cheapest POS Machine in Nigeria
  • Opay mini POS Machine ₦8,500.
  • Flutterwave POS Machine ₦10,000.
  • Surebanka POS Machine ₦10,000.
  • Accelerex POS ₦10,000.
  • Playcenter POS Machine ₦14,000.
  • Dataway POS Machine ₦15,000.
  • Baxi 2.0 Android POS Machine ₦15,000.
  • Palmpay Traditional POS Machine ₦20,000.

How much is a POS system for a small business? ›

A point of sale system for your small business costs between $0 and $300/month. For most small businesses, the average cost of a POS system is around $69/month. With POS fees for extra software features like advanced analytics, loyalty, and gift cards, you could end up paying at least $100/month for your POS system.

What are the disadvantages of using POS? ›

Disadvantages of Software-Based POS Systems
  • Expensive Software Upgrades. In 2021, the POS software market value reached $10.4 billion, and it's projected to reach $19.6 billion by 2028. ...
  • Less Convenience. ...
  • Problems Caused by Hardware. ...
  • Connection Reliability. ...
  • Security Risk Fees. ...
  • Security Risks.

What are the two types of POS? ›

This article acts as your guide to 4 main types of POS systems that are accessible nowadays.
  • Desktop POS system.
  • Mobile POS system.
  • Tablet POS systems.
  • Self-service kiosk POS systems.
  • Conclusion.
3 Nov 2020

What are the pros and cons for a POS system? ›

Pros and Cons of Having a POS System for Restaurants
  • Pro: User-friendly & Simple. Little IT knowledge and minimal training is required. ...
  • Con: Limited Support Options. ...
  • Pro: Easy to grow & expand. ...
  • Con: Connectivity. ...
  • Pro: Automation. ...
  • Con: Subscription Fees. ...
  • Pro: Hardware.
27 Sept 2021

Is a POS system necessary? ›

Every POS system uses POS software, but not all businesses need POS hardware. If you have an online store, then all of your sales happen on your website, so you don't need POS hardware to help you accept payments. But if you have a cafe, you may need a register and a credit card reader.

What is the importance of point of sale? ›

A POS system is important because it gathers all your data on sales, inventory, and customers. With this information, you can calculate and run marketing campaigns that encourage customers to come to your store while maintaining your bottom line.

Can I check my balance on POS machine? ›

Switch on the Pos Terminal. Press MENU or OK. Use the Scroll keys to select 'Account Balance' on the Menu and then press Ok.

How do you determine your needs when choosing a POS system? ›

It's worth noting that what you need really depends on your business.
  1. Hardware components. ...
  2. Software components. ...
  3. Understand your business type. ...
  4. Think about your financial situation. ...
  5. Consider ease of use. ...
  6. Focus on the features you need most. ...
  7. Make sure you can scale your business easily. ...
  8. Get references from other businesses.
1 Oct 2022

What are the challenges of POS business? ›

HERE ARE SOME OF THE CHALLENGES OF POS BUSINESS
  • Cost of POS terminal.
  • Delay in the reversal money.
  • Connectivity.
  • Banks/customers problems.
  • Security.
22 Apr 2019

How much do POS make daily? ›

You can earn as much as 5,000-11,000 Naira per day if you have a decent location and have earned confidence with the community.

How long does a POS last? ›

Realistically, you should plan on updating your computer every five years or so, while printers and cash drawers can be used longer. And with updates, the software will be just fine.

How do I attract more customers to my POS business? ›

Expand your sales channels to include a website, social media, your POS, staff, and everyone actively involved in the sales and marketing of the business. To get the full benefits, ensure all platforms remain interconnected with multiple touchpoints.

Can I buy my own POS system? ›

If you want to own your POS system but need lower upfront costs, there is a third option. Some POS companies offer payment plans or installment payment options, meaning you can pay for the product over time and still own the hardware. Square, for example, offers 12- to 24-month payment plans for most of its hardware.

Can I buy my own POS machine? ›

Businesses often end up buying their point of sale system from a reseller, rather than from the company that actually manufactures the system. In some circumstances, this is the only way you can buy the POS – perhaps the company that makes the POS system sells their equipment solely through certified distributors.

How much can I start POS with? ›

Starting Cost of POS Business in Nigeria

The main capital you need for this business is the cost of the machine and the funds you'd be dispensing to your clients. This should be between N50,000 and N250,000. Certain fintech companies offer free POS machines to entrepreneurs.

How much does a POS device cost? ›

The cost of a POS system is around $3,000–10,000.

However, the exact POS price depends on your chosen type of POS hardware, software, and level of customization. For example, while some POS software can only run on the devices of their brand, open source POS systems can run on most popular devices in the market.

Is POS transaction free? ›

A POS charge can also be an additional fee that your bank charges when you use your debit card. If you choose “Debit” at checkout and use your PIN, banks sometimes charge an extra fee. 5 That charge is usually around one dollar or less. Not all banks charge POS service fees.

How much is a POS device? ›

Small to medium-sized businesses will usually pay between $1,300 and $2,000 in total for a POS system, while larger businesses might spend up to $7,000 for multiple systems. If you're running a pop-up stall with just a tablet and card reader, then you won't need to spend more than $800.

Do all POS systems have fees? ›

POS fees for credit card processing

Most POS systems will charge you a set fee per transaction plus a percentage of your sale amount. That percentage can differ depending on the type of credit card transaction.

How do I start a small POS business? ›

Requirements for starting a POS business
  1. Valid means of identification like National ID Card, Voter's ID Card, etc.
  2. Passport photographs.
  3. Bank Verification Number (BVN)
  4. Current Account references.
  5. Evidence of business registration (CAC Certificate)
  6. Start-up funds/ capital minimum of NGN50,000.
14 Jan 2022

Can PoS systems be hacked? ›

PoS systems can also be hacked via: Network Attacks - These occur when your PoS devices connect to your main business network, and are either the original target of a hack or a casualty via this connection. It's best practice to keep your PoS devices and regular operational devices on separate networks.

Can PoS be used without card? ›

To use a POS machine without your card, you need a Paycode. So what's a Paycode, you ask? A Paycode is a 10 – 14 digit code that can be used to withdraw cash from an ATM or make payments on a POS.

What is a POS system example? ›

A POS system, or point-of-sale system, facilitates transactions in retail sales. An example of a well-known POS system would be a cash register. Modern POS systems are a combination of hardware and software that often includes a barcode scanner, card reader, cash drawer, and receipt printer.

How many types of POS are there? ›

Online POS, offline POS, cloud-based POS, web POS, mobile POS, tablet POS, desktop POS, ePOS, iPad POS, Android POS, on-premise POS, multichannel POS, omnichannel POS.

› ... › Technology Solutions ›

The other half of a POS system is hardware. A device to process transactions is a necessity. This can be a mobile phone, tablet, touchscreen or PC monitor. Most...
A POS system allows you to accept customer payments, track your sales, and manage your small business. See our picks for the best POS systems in 2022.
Our top picks combine payment processing, inventory and customer management, payroll and accounting, and other services into fully-featured POS hardware and sof...

How much does a POS system cost for a small business? ›

A point of sale system for your small business costs between $0 and $300/month. For most small businesses, the average cost of a POS system is around $69/month. With POS fees for extra software features like advanced analytics, loyalty, and gift cards, you could end up paying at least $100/month for your POS system.

How do I choose a POS machine? ›

Things to Keep in while Choosing the Perfect POS for your Restaurant
  1. Step 1: Know the requirements of your restaurant. Every type of restaurant has its own requirements. ...
  2. Step 2: Choose a user-friendly POS interface. ...
  3. Step 3: Choose a scalable POS. ...
  4. Step 4: Set a budget. ...
  5. 8 Restaurant Management Apps To Use In 2022.

What POS system do most retailers use? ›

Top 10 Retail POS Systems
  • Shopify POS.
  • Square Point of Sale.
  • Lightspeed Retail.
  • Heartland Retail.
  • Stripe Terminal.
  • QuickBooks Point of Sale.
  • Clover.
  • Square for Retail.
27 Oct 2022

Which bank provides best POS machine? ›

The SBI POS terminals are ultra-secure and protect you from theft. It works seamlessly for merchants, thus, boosting their sales and increasing the profits and productivity. State Bank of India is one of the oldest and most trusted bank of India and is known for its best services.

How much can I make in POS business in a month? ›

Generally, most POS business agents report that they make between N150,000 to N250,000 as profit every month. Like I said earlier, the profit you will make will depend on your business area.

How much is a POS per month? ›

POS system costs can start as low as $0 and climb upward of $230 per month for small businesses with one POS terminal. For larger businesses, the costs can get into the $1,000+ range, depending on which features they need, how many stores they have, and how many terminals they need.

Can I buy my own POS system? ›

If you want to own your POS system but need lower upfront costs, there is a third option. Some POS companies offer payment plans or installment payment options, meaning you can pay for the product over time and still own the hardware. Square, for example, offers 12- to 24-month payment plans for most of its hardware.

How do I run a POS business successfully? ›

How to start a POS business with the first bank
  1. An existing business.
  2. Accessible location.
  3. Valid ID cards such as voter's card, national ID card, driver's licence, or international passport.
  4. Bank Verification Number (BVN)
  5. Utility/Electricity bill.
  6. Corporate bodies must have their business registration documents.
14 Jan 2022

How do you know if a POS is good? ›

For multi-outlet management, the POS should be able to transfer out and transfer in stock between branches, thereby integrating sales and purchase. A good POS should have user-friendly accounts management – receivables, payments and banking, all in one place.

How much do I need to get POS machine? ›

It is absolutely free of charge to get a POS terminal. Majority of the banks in Nigeria offer POS support and service to their existing account holders. You will only be expected to make some POS charges to the bank for every successful transaction you accept with the use of the machine.

What's the best POS & ecommerce system for a small shop? ›

Square is the best overall POS system for small business because of its price point and ease of use with options designed for general-purpose, retail, restaurants, and appointment-based businesses.

How many different POS systems are there? ›

There are four main types of POS systems that small businesses use today: legacy, tablet, mobile, and cloud-based POS systems. We're explaining what each one is, its key features, how much you can expect to pay for them, and several examples of each.

How many types of POS do we have? ›

In many cases, you'll use two or more types of POS systems (such as an mPOS and a touch-screen POS), depending on your business's needs. POS apps, mPOS, touch-screen POS, cloud POS, open source POS, multichannel POS, and self-service POS share many features.

How do banks make money from POS? ›

How do bank make money from POS machine? Simple, Banks get MDR (merchant discount rate which hovers around 1 to 3 percent) so suppose you swipe for 100 Rs. Shopkeeper gets only 99 to 96 Rs.

Are POS expensive? ›

POS systems typically cost around $1,250 for an upfront investment and then around $1,000 per year to use the software. You probably own one of the priciest parts of a POS system already: the tablet.

How do I get my first POS machine money? ›

To apply for a Point of Sales Terminal, Visit any FirstBank Branch near you or Contact us now.

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