Whether it is your traditional brick-and-mortar store or the modern-day eCommerce website, for every retail business, the point of sale is the spot where it gets paid by the customer in exchange for its sold goods or services.
Handling business transactions is quite an uphill struggle. Complicated recurring transactions, complex inventory management, managing payment processes, accounting, and reporting can all be really daunting and also can negatively affect your business. Definitely, the new age has transformed many complex business tasks, into a cakewalk. The point-of-sale system is here to rescue you.
Best POS Systems for Small Businesses Quick List
Your hard-earned money will be safe while the business can be managed effectively with POS full-featured, smart software. So if you have decided to use the POM system for your retail business, then we have curated the best, easy-to-use POM software and systems.
- Square – Best overall
- Quickbooks –
- Shopify – Best for eCommerce and retailer
- Shopkeep – Best for inventory management
- Revel – Best multilocation restaurant POS
- Erply
- Lightspeed – Best for large retail
- TouchBistro – Best for restaurant
Best POS Systems for Small Businesses
Square Point of Sale
It tops on the global level. Square is a well-known POM system that is flexible, user-friendly, and transparent. With this software, you can manage your inventory effortlessly, and help your customers with a fast checkout.
There are plenty of Square software options available which you can opt for as per your business type. Some of the key features of this software are – creating and managing purchase orders, simplified processes, customer satisfaction, real-time order status tracking, in-depth reports and analytics, virtual terminal for making cardless transactions.
Types of business supported: Retail, restaurant, appointment scheduling, professional services.
Pricing: Square POS is free to use. There are no monthly fees or setup fees. Only processing rates are applicable when you take a payment.
Processing Rate: 2.6% + ¢ per tap, dip, or swipe.
Square POS transaction is higher than some major processors. However, you can lower your transaction fees by purchasing the Square POS for the retail plan. This plan costs $60 per month per location.
Shopify
The point of sale by Shopify is highly recommended for retail stores in the eCommerce space. Shopify is a well-recognized eCommerce platform hence it very well understands the need for online stores. Web, as well as in-person sales, can be managed effectively.
With Shopify, you can manage your inventory, get in-depth analytics, accept NFC and EMV payments, sell products on multiple platforms, offer secured payment integration to your customers, and provide 24/7 customer support.
Shopify also has a mobile application. If you are offering affordable products or running a small or medium-sized business then Shopify will be best for you. This software offers 3 pricing plans – Basic, Shopify plan, and advanced Shopify plan.
Quickbooks
One of the best accounting software for small businesses, QuickBooks offers commendable POS services. Your accounting and bookkeeping are sure to get improved with the help of this software. You can easily attract your customers as QuickBooks offers instant credit processing, mobile-friendly, smooth transaction process, track both income and expenses, and not to forget is user-friendly.
The reports and analytics are extremely accurate. Quickbooks offers unique pricing. Unlike other software which charges fees monthly or annual basis, this software provides one-time purchases.
Shopkeep
The user-friendliness and effective inventory management make Shopkeep one of the best POS systems. Now you can manage your business accounts on the go as Shopkeep is available as an app too.
Inventory management, payment processing, third-party integrations, tax rate modifications, and 24/7 customer support are all such benefits to attract more and more customers. Since it is affordable, it is best suited for small and medium-sized businesses. You can also track profits and reports with Shopkeep.
Shopkeep doesn’t offer pricing plans like other software. It actually offers quote-based pricing.
Revel
Revel claims that you can attain your next business goal with their POS system. What’s unique about this system is that it offers a blend of cloud and local to save your information. Revel is best suited for the restaurant and hospitality business. It is also favorable for mid-sized retail businesses.
It is an all-in-one system with a plethora of integration facilities and also offers numerous transaction payment options. You can get accurate real-time insights and analytical reports. Everything is fine about this software, only the setup process is a bit complicated.
Revel offers affordable and flexible pricing plans. If you take up a 3-year contract then pricing can be just overlooked.
Erply
If you are looking for a cloud-based point-of-sale system then Erply is simply the best. It is affordable, streamlined, and user-friendly. You can use this software online as well as offline.
Some of the key features of Erply are transactions that can be made with any mode of payment, get real-time analytical reports, track invoices, and sales, integrate with any shipping service, manage the shipping process, get advanced inventory management.
Erply comes with in-built loyalty programs to manage customers. You can start with the 14-day free trial and then if you wish, you can start with a quote-based pricing plan.
Lightspeed
Though it is lesser known, its list of features is helping many retail businesses in inventory management. The POS solutions offered by Lightspeed save time for businesses and set up customer profiles to keep an eye on customers’ purchase history.
Right from small businesses to medium-sized businesses, Lightspeed has become a popular choice. Businesses such as bike stores, apparel stores, jewelry stores, home decor, pet stores, and sports goods stores can opt for LightSpeed.
Lightspeed offers different pricing plans such as basic, starter, standard, advanced, and pro. You can choose the one that best suits your business and can also upgrade later.
TouchBistro
As the name suggests, TouchBistro is a favorable choice POS system for restaurant and food service businesses. No matter if it is a multicuisine restaurant or a food truck, you can effortlessly manage various segments of your business with TouchBistro.
Table ordering, table management, menu management, inventory management, staff management, reporting, and analytics, everything can be done with this software. You can also integrate a POS system with online ordering. The key features of this software are a single dashboard, employee efficiency, mobile-friendliness, inventory management, and of course excellent reporting.
TouchBistro is available for solo, dual, and team. They also offer a quote-based pricing plan.
Apart from these, there are many other POS systems that can work best for your business like Thrive POS, Vend, Cybersys, SalesVu, Clover POS, Miva Merchant, and Clover Station.
Choosing the right POS is very crucial for any retail business, online or offline. Undertaking such modern solutions will certainly improve the efficiency of your online business and help you improve major responsibilities like inventory management and customer engagement.
