Type of hardwareįYI: The total cost of your POS system depends on what features you need. With POS hardware, you incur an upfront cost that can be as little as $20 to around $2,000, depending on your needs. Others only need a mobile card reader, while some require a variety of POS hardware spread across different locations. A basic POS station uses a tablet or touchscreen, credit card reader, receipt printer, and cash drawer to accept payments. These additions often start at $5 per month per terminal.īusinesses that process payments in person, on the go, and tableside have several hardware devices to choose from. This includes all optional features, such as custom reports, loyalty programs and gift cards. It’s usually a couple of percentage points of the customer’s purchase plus a few cents. This is the fee for each transaction made with a credit or debit card. Some POS vendors offer unlimited accounts. The more logins you need, the more you may have to pay. POS software packages typically cover a set number of staff accounts. Prices tend to range from $30 to $60 per month per terminal. POS providers charge you for their services per terminal. The latter is cheaper and more popular among merchants and restaurant owners.

Merchants can choose an on-premises POS system or cloud-based POS software. A basic POS system with one card reader will be much cheaper than POS terminals spread across different points and multiple locations. POS software costsįrom our research, we know that when choosing POS software, you have choices that can cost as little as $10 to around $250 a month, depending on the features you want. Using this information, you can decide which option fits your budget and requirements.Įditor’s note: Looking for the right POS system for your business? Fill out the below questionnaire to have our vendor partners contact you about your needs. We’ve also included applicable business types and a short list of suggested POS providers. To help, we’ve put together a list of the types of POS systems available, with general pricing information. Since there are so many options, discerning the differences can be challenging. In addition, much of the cost variance comes from credit card processing rather than the hardware or software, especially for small businesses. The exact cost of a POS system depends on what kind of software and hardware your business needs, as well as how much customization you’ll be doing. Businesses can choose to purchase or lease, and there are hundreds of customization options that can make your company’s next POS system into exactly what you need. With so many businesses now knowing what point-of-sale systems are and the value they bring, there are now more affordable options than ever.

Cost of pos systems