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Here are the top three POS systems for retail stores and stands, depending on what you need from your retail POS system:
Running a retail business requires many specific skills from a business owner and their employees. From friendly customer service to savvy business acumen, the skills required to make your store, stand, or website run smoothly are multifaceted.
So, too, should be any retail POS system tasked with making sure all of your transactions run smoothly. Whether you need to scan a barcode, print a receipt, make a purchase order, or see what a given customer has purchased in the past, your point of sale system should be able to help you with that.
There are lots of capabilities and features that retail POS systems will come with, but the best retail POS system for your business will privilege the ones that are most important to you.
To help you decide the best option for your retail establishment, we’ve compiled all of the details on the top three small business retail POS systems currently on the market.
See Your Top POS System Options
Because every retail team has their particular own particular needs and preferences, there’s no universal best retail POS system for all of the retail businesses out there.
Knowing this, we’ve compiled the top three best retail point of sale systems on the market based on the top three features retail business owners might privilege in their search—affordability, mobility, and capability.
Here are the details on our picks for the three best retail POS system of 2018:
If you’re looking for a low-cost retail POS system that will still get the job done, then our top pick for you is Intuit QuickBooks GoPayment. GoPayment is a point of sale app that you can get for free through your smart device. Because GoPayment is an Intuit product, you’ll be able to sync all the transactions you process through the app to your QuickBooks, TurboTax, and Mint accounts. Even without a credit card reader, you’ll be able to process keyed-in transactions through the GoPayment app for your retail business.
Fortunately, though, you’ll access a free card reader when you sign up for GoPayment. And this card reader is one of the main reasons why Intuit GoPayment is the best low-cost retail POS system. You’ll be able to process both magstripe and chip card payments with the free GoPayment card reader.
Plus, the free reader will connect to smart devices through Bluetooth. These features put the free GoPayment ahead of the competition. The free card reader that comes with most retail POS systems only reads magstripe payments and requires a headphone jack to connect to smart devices. With the GoPayment reader, though, your free retail credit card processing hardware will be wireless and versatile.
Be sure to note that, even with the free app and the free card reader, this retail POS system will charge you a payment processing fee of 2.4% + $0.25 per magstripe and chip payments or 3.5% + $0.25 for keyed-in transactions.
If you’re looking for a happy medium between mobile and capable in your retail POS system—and you’re willing to pay for it—then our top pick for you is the Clover Flex. The Clover Flex packs a remarkable package of capabilities into a rectangular handheld retail POS system device. With the Clover Flex, you can process magstripe, chip, and contactless payments from virtual wallets like Apple Pay.
Plus, the Clover Flex is equipped with a scanner that will allow you to scan barcodes to streamline your inventory tracking processes. Not to mention, the Clover Flex also comes complete with a printer. So, should your customer prefer a physical copy of their receipt, you’ll be able to provide one on the spot.
One of the most notable upsides to this retail POS option, though, is the fact that it doesn’t rely on a smart device to be fully functional. Unlike many other mobile POS systems for retail, the Clover Flex functions fully independent of an Apple, Android, or tablet. It’s a completely self-sufficient retail POS system. Which will make the Clover Flex’s considerable price of $449 that much easier to wrap your head around, especially if your retail store doesn’t already have a dedicated smart device.
On top of the cost of the Clover Flex itself, you’ll also need to pay payment processing fees that will start at 2.3% + $0.10, so be sure to calculate that into the cost of this mobile retail POS system, as well.
Finally, if you’re looking for a retail POS system with a wide-variety of features for your store, then the Square Stand is your best option. Note that unlike the Clover Flex, the Square Stand requires you to purchase your own iPad to work in conjunction with the hardware. But the combination of both amounts to a highly functioning POS that allows you to take swipe, dip, and contactless forms of payment.
The Square Stand wins our pick for the top fully-functional retail POS system primarily because it comes with Square’s retail-centric software—Square for Retail. Square for Retail provides a hub for all your retail needs within your retail point of sale system.
Equipped with Square for Retail, the Square Stand comes with all of the essential POS system capabilities you’d expect from a retail POS terminal, like broad reporting and analytics features and thorough customer relationship management software. Beyond those fundamentals, though, this retail POS software will allow you to track inventory across multiple locations and run purchase orders directly through your retail POS system.
To use this retail POS terminal, though, you’ll need to pay a solid $199 for the retail POS hardware plus a software fee of $60 per month to use a single register, and another $20 per month for every additional register . On top of that, you’ll need to pay a payment processing fee of 2.5% + $0.10 per transaction.
Learning about the three best retail POS systems doesn’t necessarily mean you’ve settled on one yet. Even more, you might put more importance on other criteria than the three we’ve focused on to pick our favorite point of sale systems for retail.
As such, you might need some tools for searching for your business’s best POS system for retail. With a wide, multifaceted array of retail point of sale options to choose from, you’ll need to look at some key factors—even if they’re not just the three we used to narrow down our top picks.
Here is a more detailed look at all the factors you should take into account while trying to find the best retail POS system for your business:
Now that you’re not only in-the-know on all of the best retail POS systems of 2018, but also all of the necessary criteria to look at should you forge onward in your own journey for your best POS system for retail, you’re ready for your next steps.
If you’ve found the perfect retail POS setup in one of our top three, then the next steps are easy—just make the purchase! But if you’ve decided to keep searching, you’ve still got some deciding to do. Be sure to weigh all of your options based on the retail POS system criteria that ring most important to you.