Do You Need A POS Software?

POS (Point Of Sale) term refers to a computer software and hardware network which registers sales. The phrase denotes capturing information about your customer and their payment at a physical location when they perform any transaction (i.e. purchase/selling) of any goods or services.
This transaction can be carried out using POS terminals like computers, barcode scanners, optical scanners, MCR (magnetic card readers), cash registers (electronic & manual), touch screens, EFTPOS (Electronic Funds Transfer POS using credit/debit/gift cards) or their combinations.
A POS system saves us time, increases efficiency, decreases data redundancy (duplication). Due to accurate inputs we have real-time updated inventory, consistent pricing at all locations, orders, reports& analytics, automatic price tracking during sales etc. all in good order.
Retail, Service and Hospitality sectors benefit mainly from the POS systems.
Showcase: Our full list of POS softwares
Square POS
Excellent POS which doesn’t charge extra fees for anything including chargeback. Very low swipe rates, no lock-in period for processing payments, no early termination fee, accepts all types of debit and credit cards, features Square Register for accounting.
Flipside – No 24-hour support even for an additional fee.
Bindo
Flexible pricing which includes all costs. It charges CC processing fee per swipe or keyed-in transactions. Main features include Mobile POS, Customers management, Inventory management, Ecommerce, Staff management, Analytics & Reporting, Customer support in form of how-to guides and FAQs.
Flipside – Specifically designed for retailers, service providers, could offer more readily available support like videos/chat/phone, no training programs in place.
TouchSuite
Ideal solution for salon & spa industry. Features include employee management, scheduling, data backups, reservations, barcode scanning, receipt printing, cash drawer, gift cards & loyalty program, inventory tracking, reporting, and market distribution. Compatible with video surveillance systems. Charges apply for CC processing. Full support provided.
Flipside – Long term of agreements.
Springboard Retail
Excellent solution for multi-store and multi-channel retailers. Accessible by browser, can be used by touch screen or normal computers, built-in tool for tracking, statistics & analytics, inventory management, real-time reporting.
Flipside – Improvements needed in merchandising, Integrates with only one CC processor.
uAccept
Complete hardware and software package which provides cloud-based software and competitive payment processing fees. No long term agreements. Integrated with internal printer, cash drawer, Magnetic card reader, barcode scanner, mobile and retail pos, customer loyalty tools, reporting tools and integrated with Quickbooks.
Flipside – Requires purchase of uAccept hardware upfront, Not suitable for full-service restaurants. Limited training.
PayPal Here
Does not charge monthly or any support fee. No long-term contracts. Charges per swipe fee & keyed-in cards. Free app and card reader, can handle basic inventory, sales, report and user management, 24 hours phone support, help information online and active forums.
Flipside – May need to work with partners of Paypal for advanced POS features, not a very good choice for hotel/restaurants.
HarborTouch
Offers a full-fledged POS with payment processing agreement and shipping along with mobile payment processing plus free tableside servicing software in iPads. The software caters to retail, restaurants and delivery based services. Lower swipe fees, allows all kind of payments, excellent full-time support with documentation and videos both. Additional monthly service fees and hardware support fees is charged.
Flipside –3 year contract with the company for payment processing, if you want free software. Early termination of contract will be costly.
Gotmerchant.com
GotMerchant offers cloud-based full featured POS in exchange for a 3 year contract of payment processing only with them using POS/Wifi-enabled CC processors/mobiles. They beat the prices of their competitors. Offers low swipe rates, Charges monthly support and hardware fees. Processes all kinds of payments, gift and loyalty cards, advanced card readers, good support.
Flipside – You have to use their CC processing services only.
Toast POS
Designed especially for the restaurant and food service industry to cater businesses of all sizes. Features tableside ordering and processing, fair-tip based on percentages for customers, loyalty program, giftcards, reporting with analytics.
Flipside – Training on software required, Less features in inventory, scheduling, reserving tables.
Clover
Stylishly designed, easily set up with customizable interface Clover Station are easily available. Integrated card reader, camera, coupons, gift cards, employee and report management. Inventory and sale processors. You can choose any payment processors. Great support with documentation, through their user interface and videos.
Flipside – Purchase the full hardware system upfront.
iConnect
Feature rich software designed to work with iPhone, iPad on internet and made to serve service industry. Features include booking, checking in & out, scheduling, recurring membership/subscriptions, rentals, employee-specific rates, CRM, service & inventory management, reporting and EMV powered iConnect Register. Excellent customer service.
Flipside – Needs internet for CC transactions, booking process a little confusing, small issue with the checkout screen.
Lightspeed Restaurant
Cloud-based restaurant management system which can create menus, schedules, monitor sales, reports, labour etc. Can be completely personalized, have a “show & tell” feature for food and toppings ordering. Management can use web-browser based interface and for order taking iPad/iPods/iPhones should be used. Versatile software with multi-lingual feature.
Flipside – In-person training should have more terminals for one license.
Ambur
Ideal for single store locations pre-packaged integration with CC processors this solution easily integrates with existing POS hardware. Terminals are iPads with iPhone/iPod touch to input data. Inbuilt reservation tool.
Flipside – Cannot run totals for a customer for loyalty management, Ability to order from home using different wifi than the Ambur is not there.
Shopify
Showcases feature of paying only for swiping as per your account type, no long-term contracts, no early-termination fee, processes all kind of payments (CC/Debit/Gift/Cash/Check/Loyalty). Retail business oriented design. All year round support in addition to phone, email and chat.
Flipside – Not designed for restaurants, less tools for employees.
Lavu iPadPOS
Designed for restaurants, nightclubs, bars of all business sizes Lavu is a customizable system for owners as well as users. Company can go for ordering tableside, take-outs, delivery routing, as well as offer loyalty discounts using Loyaltree. Features sales, inventory and resource management, reporting and multilingual features.
Flipside – Needs very fast and reliable internet system.