The cost of a POS system is around $3,000–10,000. However, the exact POS price depends on your chosen type of POS hardware, software, and level of customization.
For example, while some POS software can only run on the devices of their brand, open-source POS systems can run on the most popular devices in the market.
In addition, costs vary based on the credit card processing, especially for small retailers. As you can see, many factors can influence the cost of a POS system, so there is no single answer that works for all.
The cost of a POS system can vary depending on its license type. Many providers offer subscription licenses, requiring recurring fees for software usage. Alternatively, some providers offer perpetual licenses, allowing indefinite software use with the option to buy upgrades or support.
Magestore offers both license types. Magestore POS for Magento operates on a one-time payment model, giving merchants ownership of the system, customizations, and data. Conversely, Magestore POS for Shopify operates on a subscription basis, aiding small and medium businesses in saving monthly operational costs until they require a more complex system.
When researching the cost of POS systems, it’s important to consider the various types of licenses available. In the later part of this article, we will discuss more about the types of POS licenses that you may want to consider.
According to a Consumer Research survey, 45% of customers feel very uncomfortable waiting in the checkout line, and 20% find that this happens quite often. Therefore, a user-friendly POS system ensures smoother day-to-day operations, resulting in better customer retention and lower maintenance costs. Thus, to get the answer to “How much does a POS system cost?”, you need to understand what constitutes a POS price to find the right solution for your business and profitability.
Also read: 6 best POS systems for small business to thrive in 2023
