What is the Cost of Point of Sale System?

Find out how much a POS system might cost your business - compare epos system prices UK to get the best deal. While EPOS system prices will usually include the 'cash register' in its latest form, it will also likely include a touch screen monitor and PC (or mobile tablet), cash drawer, receipt printer, a barcode scanner and card reader.

When looking at the cost of POS software, you can find it is as one with the wider POS system, in spite of the fact that it is possible to buy software alone. However, for most of entrepreneurs, it isn't such a great amount about the POS software cost, or the point of sale cost, however more about how much does an all encompassing POS system cost.

POS systems are used by a wide scope of businesses, however most notably in retail, restaurants and hospitality. They tend to be exceptionally extensive in their capability – far beyond the traditional cash register.

A POS system can be used to analyze and manage with the overall business. For example: stock management, stock control, staff hours, and many more, can all be able to managed with an effective POS system. Moreover, they can be used for targeting advertising and managing loyalty schemes.

The variety of POS system features combined with the time and money it can save a business means that ROI for a POS system is high, and the hazard factors low.

Point of offer system costs

POS system costs can be separated into two areas: the hardware and software.

The way in which you pay for these is dictated by the pricing model that you choose. You will buy the system outright or pay monthly.

POS hardware costs

POS hardware is the machine you use at the point of sale, as, for instance, your till. POS hardware for the most part includes cash drawer, terminal, barcode scanner, receipt printer, card machines and a touch screen or mobile POS device. Further hardware may include integrated weighing scales or a keyword.

When thinking about POS system costs, you have to think about which hardware components are included. It is possible to buy complete all in one package that include all that you are probably going to need, in a plug and play style.

POS component costs

A bar code scanner may cost you from £75 for an essential model to around £400 for the top range. Secure cash drawers have a comparable cost range.

Card readers can be bought under £80.

Receipt printers will in general be in the range of £150 to £400.

Barcode scanner – £75 – £400, depending upon quality

Card readers – £80, with increasing costly options

Receipt printers – £150 – £400, depending upon quality

The original costs related with POS systems come in the computing hardware. These costs will rely upon what number of devices you need, and the type of device chosen.

For the most part, it is less expensive to buy the hardware and software as a total package. In case if you buy your POS system outright, you can compare epos system prices UK and take into account of the hardware and software together for maximum savings.

POS software costs

The POS software is where you can truly have difference to your profit margins and boost your business. POS software will be specifically chosen as per your nature of business, and tailored to your needs.

You can also download free POS software. In any case, a word of caution: this product is highly constrained and will minimize your ROI for your hardware. The software can have a huge impact on the system's efficiency.

Software for your POS system is available from £30 for basic software, through to over £800 for best and most customisable available.

Basic EPOS software – £30

Advanced EPOS software – £800

How To Compare Epos System Prices UK When Shopping For A New EPOS System

Hand written bills, cash registers and 'managing with the books' are, thankfully are now becoming a thing of past times. But if you've recently opened a restaurant, bar or shop and are looking to install a new epos system or updating a current one where do you begin? Not all epos systems offer the same level of functionalities, so it's essential to compare epos system prices UK before you install one in your business.

      Here are a few things we think you should consider

1. What Customer Experience Would You Like To Offer?

Never make the mistake of thinking that because you're a smaller business, you need a less tech solution. Buyers are savvy and if you are unable to take contactless payments and serve them quickly they may take their hard earned money elsewhere. If you offer your customers to pay on their terms, in their own way, they'll thank you for it and are much more likely to return back again. From Android Pay to Apple Pay and everything in the middle, give your customers as much choice as you can and make their experience so consistent they barely even need to think paying you. That is done by a good epos system can offer.

2. Do You Need Mobile Functionality?

If you run a bustling restaurant or a big retail store, the ability to let your staff carry the epos system with them can be a game changer. Why expect your customers should come to you to pay you, when you can go to them? It's about the friction and making it as simple as possible for customers to pay money. Some epos systems are designed and installed by keeping the functionality in mind, so it worth to compare epos system prices UK when you're shopping around.

3. Network and Connectivity

Epos systems are equipped with great things, from stock management and discount control, to updating product control and logging sales, but they should be installed in the exact manner and correctly integrated with your tools. Epos systems never comes in a 'one size fits all' design and to make most of them you'll have to find out one that can be easily tailored to suit the requirements of your business. Try not to be hesitant to inquiries when choosing a potential customer.

4. Who Is Going To Help When You Need It

This is the biggest issue we hear about. You buy an epos system off-the-rack and it gets installed, several months from the down the line things are outdated and it's never again performing out the tasks you need it to. Any epos provider deserve and will partner with you and ensure the system is well maintained and taken care for as long as you use it, so it's similarly as viable years down the line as the day you installed it.

Summary: Technology is making running our businesses easier than ever and even the smallest high-street vendors can profit from it. From a single person market stall to a bustling high street chain, Epos is the future particularly as we inch closer and closer to a cashless society.

How To Compare Epos System Prices UK?

How to compare epos system prices uk that will suit your business and deliver true benefit? Here's a guide to help.

Choose an epos partner not a provider

The first priority is to find a partner you are comfortable with. It is not a one off transaction as you are choosing an IT partner for your business. A good partnership should advice on how different technologies can further improve your business.

So find out who will be your accounts manager there who is accessible, somebody who has your interests on a fundamental level, not simply someone who wants to flog another system. Secondly who is your technical support person? Thirdly and most importantly who will be your technology adviser, the person who help you push your business forward, offer you new thoughts through technology and this should not generally end in another sale!

You can't be an expert in all things. If technology isn't your area then get a good partner. A solid partnership with a technology company that can understand your business needs will be exceptionally valuable asset.

Be clear about what you want

The way to choose the right epos system first time is to make a list of your requirements. It has to be done before you talk with any vendors. As you talk with potential partners you may add new ideas to the list and re-prioritize. You know your business better than anyone and your epos software should complement it - not really reinvent it.

A few of them may include reduce stock holding, accelerate customer transactions, manage returns efficiently, create and manage a website to sell 10% of my stock, track normal sale value daily for each sales assistant.

Software Choice

Once you feel comfortable with an organization and have your list to hand, take a look at their software. Ask the provider to arrange a demo around the needs on your list. This has a couple of advantages; it structures the demonstration around your business needs, it stops the sales executive going off on a good natured but confusing waffle, thirdly it helps you understand the software better.

It is important to feel comfortable with the software. Just with an overview you should able to do the basic functions, especially the till.

Since epos takes care of your shop processes, one size does not fit all. You need to find software that meets 95% of your issues. I suggest looking at systems that are used by retailers in your area. This means majority of functions should fit and hardly any enhancements will be required.

Finally, check for all ongoing costs and how charges are made for upgrades whenever required at a later date.

Hardware Selection

Your hardware decision boils down to a consideration of cost versus features and durability.

Actually, the main decision is to be whether you standard PC or spend a little to buy a retail PC. Here are a couple of focuses on each:

Standard Office PC

•  Lower cost
•  Faster and more powerful
•  Retail PC
• Robust design to withstand the bangs and knocks of retail life. Shops depend on their till being operational more than an office PC. Retail PC's in general designed with reliable components.
• Covers and lockable cases stop staff or customers touching switches and ports improving reliability as failures occur from fiddling.
• Specific ports on the back to connect the till peripherals like receipt printer and customer display.
• Smaller designed to be installed as a till with cash drawer.

Cash or Lease

Final choice might be to lease or pay upfront. Many businesses rent PC hardware these days over paying of the equipment. Leases allow you to buy the hardware at a reasonable amount at the end of lease period. You will be using the system for years so why not pay for it at the end of the lease period rather than upfront. If the interest payments put you off, we frequently hear that the tax advantages of leasing counteract the interest.