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Point of Sale Software

Last updated: Oct 11th 2024

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Cumulus Retail logo

POS & eCommerce for Small Business That Works Well & Right

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Cumulus Retail software is a Celerant retail management solution for small and mid-size retailers. The product helps manage business tasks through one platform and offers a combination of e-commerce, point-of-sale, digital marketing, and back office features to ensure real-time visibility.

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eHopper logo

Free POS software for retail & restaurants

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eHopper is a free, cross-platform, cloud-based POS software designed for use by retail & restaurants using Android, Windows PC and Poynt mobile terminal.

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KORONA POS logo
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A all-in-one cloud-based POS and inventory management system

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KORONA POS software provides an advanced solution for retail stores, ticketing services, wineries, and QSRs. KORONA POS comes with powerful inventory management and sales analytics. It integrates with various loyalty programs, accounting, and eCommerce platforms to fit the needs of most businesses.

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Helcim logo

Billing, Invoicing and Payment Processing with Helcim

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Helcim enables credit card processing for your business, sign up with no commitments, contracts, or monthly fees. At Helcim, our goal is to provide small to medium sized businesses with the opportunity to accept credit card payments at affordable rates with industry-leading technology.

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Preferred POS logo

Point of sale (POS) system for retail businesses

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Preferred POS is a point of sale (POS) system that helps businesses in retail, wholesale and corporate sectors access reports, a built-in stock control manager, multi-store functionality, and more. It assists with credit card processing, multi-site management, and payment processing, among other operations.

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SpotOn logo
Category Leaders

Restaurant POS for payment processing

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SpotOn Restaurant is a cloud-based point of sale (POS) solution designed to help small to medium businesses in the hospitality industry streamline online payments, tableside orders, and fraud protection. The labor management module lets users handle employee hours, gratuities, shifts, and more.

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Infrasys Cloud POS logo

Software for managing restaurant menus, orders, and payments

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Infrasys Cloud helps businesses in the hospitality industry manage sitting plans, menus, orders, and more via a unified portal. The platform enables organizations to capture customer orders and process payments using mobile devices equipped with biometrics, RFID, and magnetic strip readers.

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Pomodo POS logo

POS Solution for retail and hospitality

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Pomodo POS is a cloud-based point of sale solution which helps businesses of all sizes in the retail and hospitality industry manage inventory and orders. Key features include quote generation, vendor management, kitting, custom configurations, remote data access, and reporting.

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RetailEdge logo
Category Leaders

Point of sale & inventory management solution for retailers

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RetailEdge is a point of sale solution that helps retail businesses manage inventory and sales orders. Key features of the platform include barcode scanning, item listing, customer history tracking, credit card processing, price management, invoicing, secure data storage, and gift card distribution.

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MicroBiz Cloud POS logo

Cloud POS software that automates retail business processes

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Cloud POS and retail automation software for independent retailers. Ring up sales on iPads, Mac's and PCs. Save time and money by automating backoffice tasks. Offer higher margin services and increase customer loyalty by offering credit account, special orders, repairs and alterations, and more....

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Rezku POS logo

Restaurant Point of Sale System

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Rezku is an iPad point-of-sale system for restaurants, bars & pizzerias. With online ordering, mobile table-side ordering & payment, staff mgmt., custom reporting, gift card system, loyalty, delivery dispatch, 3rd party integrations and more. Custom branded ordering and delivery app now available.

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Square Point of Sale logo
Category Leaders

iPad & Android point of sale (POS) system

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Square Point of Sale is a POS solution for Android and iOS devices which includes tools for managing payments, digital receipts, inventory, reports, and more.

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SalonBiz logo

SalonBiz empowers your business to thrive, impress and conne

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Give your guests a beautiful, stress-free experience driven by the finest technology in the salon and spa industry. Whether you’re just getting started or have multiple locations to manage, SalonBiz gives your business the tools to reach new heights.

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AIM logo
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AIM Point of Sale Software Solution for specialty retailers.

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AIM offers retailers a way to manage inventory, customers and sales but also offers fully integrated add-on modules such as Accounts Payable & General Ledger, Purchase Orders, Repair & Service, Lesson/Appointment Scheduling & Billing, Short Term Rentals, Rent & Sales Contracts, and much more.

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Microworks Prism POS logo

Restaurant point of sale and delivery management solution

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Microworks Prism POS is a point of sale solution designed to help restaurants streamline and automate inventory control, gift cards, loyalty programs, and delivery management operations on a unified dashboard. The application provides dining and table service module, which allows professionals to prepare custom table layouts for facilities and track status on guests, table, server, food and beverage in real-time.

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Odoo  logo
Category Leaders

Full Suite of Integrated Business Apps

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Odoo is a fully-integrated, customizable, and open-source suite of business applications. A majority of the business needs such as CRM, Sales, Project, Manufacturing, Inventory, and Accounting are met through this all-in-one software solution designed for every company, regardless of size and budget

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MYR POS logo

iPad POS for quick-serve, takeaway & on-the-go customers

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MYR POS is a point of sale solution which helps fast-food restaurants and cafes streamline their operations. With applications for food trucks, bakeries, bars, pizzerias, ice cream parlours, franchises, salad bars, and more, MYR POS supports efficient, quick-service order management.

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VenueSumo logo

Save time & money with our all-in-one Venue Management Softw

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Cloud-based venue management software that has all the features you’ll need to streamline online bookings, waivers, point of sale (POS), party bookings, payments, customer relationship management (CRM), memberships, advanced reporting into 1 easy to use system.

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Paladin Point of Sale and Inventory Management logo

Point of Sale for hardware, LBM, pharmacies, and retailers.

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Point of Sale with complete business management for independent retailers. Track inventory, automate ordering, and report sales.

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Venmo logo

Digital wallet & mobile payment gateway

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Venmo is a digital wallet and payment gateway that allows customers to send money and make purchases via mobile device, and share activity via the purchase feed

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Vagaro logo

Beauty, wellness & fitness appointment & business software

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Use Vagaro® management software to get found, booked, & paid.

Start your FREE trial today, and grow your business the easy way!

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PayPal Zettle logo
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Mobile point of sale software to process online payments

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The PayPal Here app is a mobile point of sale (POS) software designed to help businesses securely process debit or credit card payments and generate invoices. The application enables retailers and manufacturers to create and organize product lists and add details including photos and descriptions.

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QuickBooks Desktop logo

Billing, Invoicing, and Work Order Management

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QuickBooks Desktop Pro automates billing and invoicing in addition to work orders. Users can link bank accounts, define workflows, and make automated payments.

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SumUp logo
Category Leaders

We believe in the everyday hero

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Whether you’re a street food vendor, a salon owner or a sales assistant, we want to make technology that anyone can use and everyone has access to. Whether you’re a one-person show or a team, we’re there for the smallest of businesses.

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EngageBay CRM logo

Integrated sales & marketing software for growing teams

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EngageBay is an all-in-one marketing, sales and service automation software which automates marketing sales by combining lead generation, email marketing, marketing automation, CRM & social media engagement. EngageBay helps businesses acquire, engage, nurture, and close leads from a single platform.

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Here's what we'll cover:

Buyers Guide

Point of Sale

Point of sale (POS) software allows customers to complete the transaction for products or services offered by your business. 

Whether you are running a restaurant, a boutique, a cafe, or a retail store, you need to manage a range of administrative and management tasks. From recording sales transactions and managing inventory to collecting payments and running loyalty programs, each of these operations can be done using POS software.

In addition to generic point of sale software for small businesses, POS software is available in different forms as per the needs of the business.

Types of POS software: 

We’ve prepared this guide to help you select the right POS system for your business. Here is what we’ll cover: 

What is POS software?

POS software is designed to help businesses accept customer payments for the purchases they make. It is a combination of software as well as hardware components that help businesses manage sales transactions. This tool also assists with operational processes including inventory, customer, staff, and employee management. 

POS software is generally purchased with compatible hardware and accessories such as a monitor screen, barcode scanner, card reader, receipt printer, and cash register. The system is usually installed near the check-in or check-out gate of a retail store.

What is POS software used for?

POS software can help businesses in various ways such as accepting payments, tracking sales, invoicing, recording customer information, and making informed business decisions based on recorded data. Today, it can be difficult for businesses to survive in a competitive market, deploying advanced tools can give you an edge to stay ahead of your competition. 

Let’s discuss a few examples of how your business can benefit from deploying a POS tool:

  • To manage inventory: A modern POS solution can take care of your inventory management needs by tracking inventory levels, sales, deliveries, and orders in real time. The POS system can handle multiple stock inventories for more than one store and allow businesses to track stock. The POS system automates inventory counting, reordering, low-stock alerting, and purchase order generating.

  • To record key metrics: A POS system records all transactions which helps businesses pull reports and provide an overview of business performance. Businesses can track multiple metrics including average transaction value, items per purchase, conversion rate, cart abandon rate, sales per category, and more. For instance, with a sales report, common sales trends and areas of unnecessary overspend can be identified.

  • To track employee schedules: POS software has the ability to view employee-specific information. It can be used to capture employee clock-in/clock-out data so you can see employees’ schedules and time-off. This data can be used as a way to motivate, engage, and develop your team. Other features include commission tracking, goal-setting, payroll management, tip management, employee reports, scheduling, and benefits administration.

Key questions to ask your POS vendor before you buy: 

  • How is this tool going to benefit my business? 

  • What components can it take care of?

What are typical features of POS software?

A POS system includes both software and hardware components: Hardware components include register screens, barcode scanners, card readers, receipt printers, and cash drawers. POS software also helps run the POS hardware as it integrates with other applications such as inventory management or customer relationship management (CRM) software.

Key POS features include:

Reporting and analytics: Reports and sales analysis help retailers track fast-moving products, products selling at the very best and lowest margins, average transaction volume, advertisement returns, and other metrics. 

Inventory management: Inventory management helps businesses track inventory in real-time by integrating customer purchases with business orders. The system is also capable of alerting low stock levels, taking into consideration the supplier lead time dictated by the back-end algorithm.

Customer management: POS software offers features to automatically collect and store customer profiles such as name, contact details, loyalty points, preferences, and more. Once this information is stored, customer details can be readily pulled when they attempt to complete a purchase.

Payment processing: Payment processing is at the heart of a POS system and it is indispensable that it supports a variety of payment methods including credit cards, e-wallets, net banking, and cash transactions.

Employee management: Some POS systems also help you manage employee productivity using built-in time clocks, scheduling capability, and employee sales data. It will not only help you measure employee performance but also assist with payroll calculations.

Barcode scanning: The POS software can scan and read barcodes on different products and identifies the right prices and discounts that must be added to customer bills.

Key questions to ask your POS vendor before you buy: 

  • Does your POS software work on all brands of POS hardware? 

  • What other unique value can your tool offer my business?

What are the potential issues with POS software?

Although modern POS software is equipped with advanced technology and is capable of taking care of all your business needs, some interruptions may occur. Let’s look at a few issues you may face:

Security issues: One of the biggest challenges is the potential for cyberattacks because a POS software doesn’t have proper encryption, leaving the tool vulnerable to hackers who can steal sensitive customer data such as credit card information. It is important to purchase a POS system that has hacker detection features, offers secure credit card terminals, and POS endpoints. 

Solution: Security issues can be addressed by data encryption, multi-factor authentication methods, user controls, and consolidated remote access solutions.

Choosing the wrong POS for your business: Selecting the wrong POS provider could have huge ramifications for your business. Smaller businesses, for example, that use a cloud-based POS application might encounter limits on the number of transactions per month. Therefore, it is necessary that you ask certain questions before making a purchase decision.

Solution: Choose a POS provider to match your business needs by asking these questions:

  • What kind of support does the system offer?

  • How many devices and locations does your software support?

  • What bank is the merchant tied to?

  • Is it compatible with all devices used by your business?

Integration capabilities: Sometimes the POS solution you purchase doesn’t integrate with your pre-existing applications such as inventory management, customer relationship management (CRM) software, accounting software, eCommerce software, or payment processing software. When you invest in a POS solution, you want it to work with other tools, deeming it important to check with the vendor about available integrations.

Key questions to ask your POS vendor before you buy: 

  • How is your tool secure?

  • Is your tool available to connect with the other in-house applications that I use?

  • What other unique value can your tool offer my business?

With the ever-evolving technology space, POS software vendors are adding capabilities like data analytics and artificial intelligence (AI) to derive more customer insights and to make the platform automated. POS software is also evolving to meet the new forms of payments such as e-wallets, P2P, cryptocurrency, and more. 

Here we discuss major POS software trends:

  • Mobile payments on the rise: Businesses are coming up with digital payment choices as customers are increasingly using more mobile wallets. The transaction value of the global payment technology market is expected to grow from $5.44 trillion in 2020 to $11.29 billion by 2026 which is pushing vendors to add wallet transaction functionality to their systems. 

  • Artificial intelligence (AI) is upgrading POS systems: AI-enabled POS software can capture data about customers, sales, modes of payment, etc. and provide useful insights into what customers are buying. In addition to recommending items to customers and reminding them of unbilled items, an AI-enabled POS system can perform actions such as sending emails automatically, recognizing/translating speech, and making smarter marketing decisions.

  • Rise of POS Data Analytics: POS software can give you a peek into data such as customer purchase history, preferences, foot traffic, and transaction volume. POS software with data analytics can help you generate business insights such as your best selling products, less popular products, peak sales hours, and spot seasonal trends in customer purchases.

Key question to ask your POS vendor: 

  • Which new technologies do you have and which ones are you planning to incorporate in your product?

  • Does your software support the latest POS capabilities such as mobility, data analytics, and AI?

What is the cost of POS software?

There are many free POS and open-source POS software options available on the market but most products are priced on a “per month” basis and can be divided into three pricing tiers based on their starting price.

Price ranges*:

  • $25 - $34

  • $34 - $78

  • $78+

This list summarizes pricing for the base plans of most products. An enterprise, or premium product that is priced higher, may include some additional features such as multi-store retail management, advanced inventory reporting, customer loyalty management, advanced sales, promotional events management, and mobile apps.

Key questions to ask your POS vendor before you buy: 

  • What is the pricing model of the product? 

  • In addition to the subscription fee, what other costs are associated if I invest in your software? 

  • Does your software vendor offer a free plan, free trial, and demo? 

How do small and midsize businesses use POS software?

There are different types of POS system software available on the market that cater to different types of businesses and sizes. Availability of a broad range of POS software makes it important that you identify your business needs and invest in the solution that works for you. Here are some examples of how small and medium businesses are using POS software: 

  • A single retail store business owner, or an operator who does pop-up events, would likely use a basic retail POS system with limited hardware and advanced features. But if you operate up to five stores, you're best suited for a POS solution that enables multiple location management, advanced reporting and analytics.

  • Similarly, if you are an owner of a small retail business with just one cash register, you might opt for an on-premise point of sale system. Since yours is a small retail operation, you can purchase, install, and host the software on your own computer system. In addition, you will be in a good position to purchase or lease your own payment processor and POS hardware, like a cash drawer or a barcode scanner.  

  • On the other hand, if you are a restaurant operating in multiple locations with numerous point of sale terminals, you could use a cloud-based POS system with a centralized mechanism for payment processing, inventory management, and accounting, so that nothing falls through cracks. The restaurant will still need POS hardware, (such as terminals and tablets), but these systems will all communicate with each other.

*The pricing included is for the entry-level/lowest-priced offering that was found on vendor websites on July 7, 2021. These ranges correspond to the 25th, 75th, and 100th percentile of the pricing information gathered from vendor websites of sample products and exclude freemium plans.


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*Note: The applications selected in this article are examples to show a feature in context, and are not intended as endorsements or recommendations, obtained from sources believed to be reliable at the time of publication.