Most Commonly Asked Questions About Retail POS Systems
Whether you’ve just opened a retail store, or already have several stores, It is important to equip your store with a retail POS system that you can depend on. Point of Sale or POS software allows businesses to conduct and manage transactions quickly and efficiently, so it’s time to say goodbye to the beloved cash register.
Got questions about retail POS Systems? We've got you covered, in addition to our comprehensive POS reviews we've compiled a list of some of the most commonly asked questions about retail POS systems.
What Are the Best Retail Pos Systems?
ShopKeep is a cloud-based iPad POS system predominantly designed for smaller retail stores. It is both reasonably priced and reliable and includes all of the core features needed to manage your inventory and track sales. It’s no-contract pay monthly subscriptions start from around $69 a month, but you can get an exact quote for your specific business by phone or filling out an online form. Designed with a user-friendly interface, all of their devices are easy to use and a guide for the setup process is provided. ShopKeep has also been credited for having excellent customer service. However, ShopKeep users have said that the card reader often needs to be restarted due to bugs in the system, which can be a pain at times.
LightSpeed is a POS system for retail stores which can be adapted according to your specific needs. It is designed to cater to businesses of all sizes and offers hardware packages that include scanners, receipt printers and other essentials. Depending on the type and size of your store, it provides three different retail options. LightSpeed POS system includes features such as detailed reporting and eCommerce integration, making it ideal for employees who need to manage complex inventory. In terms of pricing, Lightspeed POS retail systems offer a free 14-day trial so you can decide if it is the right fit for your retail store. The small shop plan is priced at $99 per month which tends to be the most popular, the medium shop plan is $169 per month and the large shop plan at $289 per month. The LightSpeed retail POS system has a robust inventory management service as well as support for online stores, however, the basic plan is said to be quite limited as it only works for up to five employees.
Revel Systems is an award-winning retail POS system that is designed for retail stores of all sizes due to its advanced technology and intuitive interface. It is a cloud-based platform that includes integrated inventory management, social media functionalities as well as customer management and relationship tools. It also provides a secure analytics application in order to keep track of sales, orders and payment summaries. Users of Revel Systems retail POS system have mentioned that the software runs smoothly and that the technical support team are extremely helpful. However, there have been complaints about occasional bugs that make the system unusable at times. Customers have also said that their prices are too high, their retail POS system software starts at $79 per month with an installation fee of $649 as well as a processing fee which will be priced accordingly to the size and type of your business.
Another retail POS system to consider is Shopify, which is an extremely popular choice as an affordable POS system for retail stores. Shopify’s retail POS systems are designed with an intuitive interface, robust reporting and CRM features as well as having outstanding customer support. However, it has been criticised for having weak offline functionality. Being an ecommerce store itself, Shopify’s POS system provides excellent ecommerce integrations. In terms of pricing, Shopify offers a 14-day trial for potential customers and a choice of three different plans that vary in price. The basic plan being $29 per month which is designed for new or online stores. The next step up is the Shopify plan, intended for growing businesses and is priced at $79 per month. Lastly, the Advanced Shopify plan which is designed for larger scale businesses that have more than two retail stores for $299 per month.
Why Is a Retail POS System Important for Your Business?
A Retail POS system is essential for any retail store no matter its size, as it is the best way to either maintain or grow your business efficiently. A retail POS system will certainly save you a huge amount of time in terms of making the checkout process a breeze, quick and easy inventory management, organised transaction history and faster payroll processing. Therefore, a POS system for retail will be a central component of your store and help you streamline all of your transactions.
What Hardware Do You Need for Your Retail POS System?
Depending on your specific needs, there is a variety of hardware that you should consider when choosing the best retail POS system for your store. A register screen is probably the most important piece of hardware for a retail POS system, in more advanced systems this now usually an iPad or tablet rather than a monitor. Depending on the type of retail store, a barcode scanner is also recommended in order to automatically pull the products details and add the price to the total. A credit card reader that processes debit, credit and gift cards as well as EMV readers and mobile payments such as Apple Pay is also an essential and some companies will include this within a bundle package. Having a receipt printer is also an important part of a retail POS system as it will give the customer paper receipts with their purchase information to keep on record.
What Are the Main Advantages of Retail POS Systems?
Retail POS systems are ideal for helping your business grow and flourish by efficiently managing your inventory, which is usually one of the most time consuming tasks for shop owners. Finding the right one for your business will really help you to take it to the next level. With a retail POS system, there is no longer the need for complex excel spreadsheets, as all of your data will be automatically stored organised for you. Having the best retail POS system for your retail store will be beneficial to both your employees and customers and ensure swift and easy transactions.
Deciding on a POS system for your retail store can sometimes be difficult as there are quite a few highly recommended options on the market. In order to make that final call, you should consider a few important factors such as cost, customer support and included features. Selecting the right one will also depend upon the size of your store, for instance POS systems such as LightSpeed may be too complex for much smaller retail stores.