Like with any piece of equipment for your business, you are making an investment when you buy a point of sale (POS) system. However, how much of an investment does it take to get one? In this post, we will discuss the average prices of popular POS models and give you ideas for finding an affordable option.
Setting a Budget for Your POS Purchase
Every business has different financial needs. You may have money to spare on your equipment, or you might need help paying for a POS. When considering your POS budget, consider the potential benefits of a POS on your bottom line. A quality POS system can save you a lot of money through its inventory management software and by making your cashiers more efficient. Additionally, a POS can help you make more money by showing you valuable sales data and helping you create in-store promotions.
POS Payment Models
POS companies provide a range of payment options based on their software and equipment. You can learn about popular pricing models below.
Software as a Service (SaaS) Costs
A software as a service (SaaS) POS provides internet-based software for a monthly fee. The company manages and regularly upgrades the software for you, so you can focus on your business. Typically, monthly fees for the software can range between $50 and $100 and let you get ongoing support from the POS company. See how we can save you money on a POS with top quality software.
Upfront Payment Prices
If you have plenty of money saved up for your POS purchase, you may consider buying the equipment upfront. You pay between $1,500 and $2,500 all at once without any future payments. With no financing or monthly fees, an upfront payment model has one of the lowest prices over time for a POS system. However, you have to make a large first payment. There are also payment plans that will let you pay monthly towards the total cost of the POS.
Cost of Equipment Leasing
Renting a POS system involves the lowest upfront payment out of your options. When you sign a five-year lease, you can pay around $50 to $75 a month without any larger costs. However, you get whatever the company provides you, and you may not have the option to keep the equipment.
“No-Cost” POS Systems: When Free Isn’t Free
Some POS companies claim to provide “free” POS systems. However, we recommend that you read every detail in their contracts before agreeing to anything. These companies still require regular payments and may lock you into an agreement you don’t expect.
Low Price and Financing From National Retail Solutions, Inc.
POS+ from National Retail Solutions, Inc. is a SaaS POS with a competitive price. We help small businesses compete with the big-box stores by providing affordable, modern POS technology made for independently owned retail stores. POS+ provides you a bundle of all of the equipment you need. With an industry-low monthly software fee of just $19.95 and financing plans available, you get the tools you need to do business at a reasonable price. Find out more by contacting our sales team today.