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Cha-Ching: 10 Point-of-Sale Systems That Do More Than Just Sell

ByScott Gerber,
business.com writer
|
Mar 18, 2016
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> Finance
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If you're in retail, you're counting on your POS system for a smooth, reliable transaction.

Your current system might not be cutting it, you might want one with extra features, or maybe you're shopping for your first-ever software.

Whatever the case may be, there are endless options. You can now choose from cloud-based POS systems or stick with traditional hardware.

Ten entrepreneurs from YEC put numerous systems to the test, and the ones below surpassed their expectations. Many of them are even free to try.

Related Article: Fashion Forward: Top 10 Retail Trends for 2016

1. ShopKeep

There are countless point-of-sale (POS) systems out there, but the iPad is the hardware for some of the best POS software options.

The one you choose will depend on the exact nature of your business and your tech skills.

Shopkeep is an excellent POS system for anything from restaurants to retail, but you may want to consult Merchant Maverick to compare your options and see what's best for you. – Henry Glucroft, Henry's/Airdrop

2. Shopify

Integrating your POS software with your shopping cart is a powerful way to leverage your brand's growth, both online and offline.

Shopify offers a powerful tool for companies to accept payments while connecting to your shopping cart inventory so all of your sales enter your sales funnel.

Shopify offers a built-in merchant account if you don't already have one. – Marcela DeVivo, Homeselfe

3. Vend

Vend is competitively priced. It offers a suite of benefits and features surpassing just payment processing. It's also applicable to just about any type of small business; brick-and-mortar or otherwise.

It also has a plan that is free of charge if you're just beginning. – Andrew Schrage, Money Crashers Personal Finance

4. Square

In our retail store, we use Square for transactions. It's simple and efficient without the need for ridiculous and antiquated machinery to run it. There is nothing else I would use. – Charles Moscoe, eFin

5. QuickBooks

There are three reasons why Quickbooks is a good choice. 1) It allows a company to track inventory and cost inventory appropriately into its accounting system. 2) It connects naturally to an accounting system (one of the main reasons stores or restaurants fail is not knowing the true margins on products and projected cash flow). 3) The product is constantly making innovative changes. – Marjorie Adams, Fourlane

Related Article: Buying In the Cloud: How Cloud Technology is Revolutionizing the Retail Industry

6. Clover

Clover is a good all-in-one system. The reporting features are very helpful in learning customer trends. I also like that applications can be accessed off-site so you can see how business is doing if you aren't there. – Phil Laboon, Eyeflow Internet Marketing

7. ERPLY

ERPLY is a retail POS system that allows a merchant to manage their retail and online store. Offering hundreds of features, it's sure to have most of the options you need. Its strong mobile apps and advanced inventory scale both up and down to meet the needs of businesses of all types. – Kevin Henrikson, Outlook iOS & Android @ Microsoft

8. Cardflight

Much like Square, Cardflight allows you to create your own POS via any tablet or phone using their credit-card reader. While Square may be more popular these days, Cardflight can definitely compete on price, flexibility and ease of initial integration. The big plus is that you're not bound by any specific payment processor. You have the flexibility to select depending on your case. – Pratham Mittal, VenturePact

9. Harbortouch

Call me old-fashioned, but I like sturdy hardware for handling transactions. Harbortouch, with a contractual agreement, will send you a POS system for the cost of shipping. I'd say the most important feature of a POS system is excellent customer service and Harbortouch offers that, whereas some of their competitors are near impossible to reach. – Andrew Namminga, Andesign

10. Lightspeed

At Blank Label, we run three physical stores and an online store. We'd highly recommend taking a look at Lightspeed. They've got really great templated workflows to track from warehouse to store to customer. There are some cool tools to help with automated customer feedback and insights, and really great reporting capabilities. They're also built for scale, whether it be adding more stores or products. – Fan Bi, Blank Label

Related Article: Mobile Retail: What You Need to Know About The Next Big Thing

Scott Gerber
Scott Gerber
See Scott Gerber's Profile
Scott Gerber is the founder of Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched BusinessCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses. Gerber is also a serial entrepreneur, regular TV commentator and author of the book Never Get a “Real” Job.
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