47-Point POS Buyers Checklist: The Ultimate Guide to Choosing the Right System - POSadvice
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Quick Facts: General POS

Average POS Cost
$50-$200/month
Plus hardware costs of $500-$2,000
Setup Time
1-3 hours
For basic configuration
Processing Fees
2.3%-2.9%
Average per transaction
PCI Compliance
Required
All POS systems must be compliant

Expert Tips for Choosing a POS System

1

Start with a Free Trial

Never commit to a POS system without testing it first. Most reputable providers offer 14-30 day free trials. Use this time to run real transactions, train your staff, and identify any workflow issues before signing a contract.

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2

Calculate Total Cost of Ownership

The monthly software fee is just the beginning. Factor in hardware costs, payment processing fees, add-on modules, support tiers, and potential early termination fees. A "$0/month" system might cost more than a $100/month system when you add everything up.

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3

Prioritize Integration Capabilities

Your POS should connect with your accounting software, e-commerce platform, delivery apps, and loyalty program. Poor integrations lead to manual data entry, errors, and wasted time. Ask vendors about their API and native integrations.

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Frequently Asked Questions

What is the difference between a POS system and a cash register?

A cash register simply records sales and stores money. A POS (Point of Sale) system is a comprehensive business management tool that processes payments, tracks inventory, manages employees, generates reports, and integrates with other business software. Modern POS systems provide data-driven insights that help you make better business decisions.

How much does a POS system typically cost?

POS costs vary widely. Software ranges from $0-$200+ per month. Hardware costs $500-$2,000 for a basic setup. Payment processing fees are typically 2.3%-2.9% plus $0.10-$0.30 per transaction. Consider the total cost of ownership over 3 years, including add-ons and upgrades.

Can I use my own payment processor with any POS system?

Some POS systems are processor-agnostic, allowing you to choose your payment processor. Others require you to use their integrated processing. Locked-in processing can be convenient but may limit your ability to negotiate rates. Always ask about processing flexibility before committing.

What happens to my data if I switch POS systems?

Data portability varies by provider. Most systems allow you to export sales history, customer data, and inventory lists. However, the format may not be directly importable to a new system. Always ask about data export options and consider this when choosing a POS.

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