Magnetic Strip Readers

POS systems can vary in prices usually are based on the type of system. It is advisable to compare prices between different suppliers, and the types of systems available in the POS market. However, on average, below are some guidelines for pricing of a complete system installed:

System Type and the estimated cost of typical

Program, install it, as: – $ 2,300 – $ 6,000 per terminal
Outside of trading systems: – $ 1,000 – $ 3,000 per terminal
Note: Prices for point of sale terminal system decreases sharply as more terminals are installed

Are These POS systems worth it?

As with many systems, the return on investment (ROI) is only done in time. However, in the purchasing a POS system, it is important to research and price comparing different systems on the market. Selecting a one that is right for your needs Company, will deliver a rapid return on investment. The following are typical POS system ROI.

Company size (annual revenue) and when he realized return on investment is often

For a $ 1,000,000 +, enterprise ROI is typically performed in 6 months – 1.5 years

For a $ 700,000 – $ 900,000, the ROI is typically performed in 1 – 2 years

For a $ 400,000 – $ 600,000 Return on investment is often made in 2 – 3 years

What do these systems offer?

POS systems are designed to increase productivity and obtain a more control and intelligence in their business, thereby saving money. In general, ultimately, lead to lower costs and increase sales. Some ways to improve efficiency and control of the company will help save money include:

Eliminate product loss (shrinkage): A POS system can drastically reduces inventory reduction of stores and a restaurant by the theft, waste and abuse of employees. Because employees know the inventory is carefully monitoring the loss of inventory would be reduced.

The accuracy and connectivity to all locations: To ensure that each item in your store or sold on the menu at the right price is one of the attributes of a POS system. Prices can also be changed in seconds inside the computer and will be reflected in the products (and SKUs), so employees do not have to guess the price. These machines enables connectivity with other terminals located in different places, so if you want a simple tweak in the system can implement change in all areas.

The reporting and higher margins: POS systems allow for detailed reporting of sales, reflecting higher margin or popular products. This allows you to focus on more profitable products and ensure high turnover items are always stored or promoting items low performance in a restaurant environment, to generate higher margins.

Know where you stand, without a paper trail: The Sales of detailed reporting of a POS system immediately tells you that amount of product sold at a particular time, inventory levels by product, quantity of money in her drawer and how much of it is profit. All this information is stored in the computerized POS system, so it is not bogged down by the maintenance of paper work for tracking inventory, sales figures, etc.
Know who your customers: In today's competitive landscape, knowing your customers and be able to communicate with them regularly is a key factor in retaining them. A POS system captures the names and contact details of their regular customers as part of a standard transaction. This allows you to conduct targeted advertising and promotions to customers.

Choosing a POS System supplier

Due to the nature of the POS system, choosing the right supplier is an important decision. Because there are many things to consider in a POS system, the manufacturer of right will guide you through the various options based on your business needs and budget.

The supplier will provide the right, explain and recommend options for:

  • Point of sale system hardware – printers, cash drawers, customer displays, magnetic stripe readers, readers checks,
  • POS system software – the credit card processing, discounts, rebates, accounting reports, integration with software accounting, inventory tracking, moving from bar to dining room table, waiting list management, etc.
  • Input Device – Keyboard versus touch screens, scanners, handheld devices, etc.

POS system vendors can also vary in providing support and services. Some provide guarantees of the parts and labor for 1 year, others offer free 24×7 phone support, some charges per incident and some offer annual service contracts, where prices range $ 200 – $ 1,000 + annually.

Negotiation on the total price and service support in advance is the best practice and get all the equipment, support and devices the same manufacturer will save you a bundle.

While doing a price comparison is important, experience, quality of work and references are equally important, because the POS system provider is a partner in the delivery of something that will affect their financial results.

Find a good selling point System Provider:

With so many different options, the natural question is the best way to find a good supplier who understands your business, have the ability to offer all options and experienced.

A simple Google search to the POS system providers can develop many qualified suppliers, but you'd have to research of each fund and ask the right questions to each.

Yellow Pages directories can also have lists of providers with their contact information. While this option will give many vendors to choose from, the reliability of some may be questionable unless you have done your due diligence.

You also has the option of going to some websites that have a network of pre-selected suppliers of POS systems that actually compete for your business. All you have to do is fill out a form indicating their needs and a number of suppliers will be in touch with their contributions, expertise, support options and other information. This is probably the most efficient and effective way to request a provider of terminal, as these sites create a competitive environment where vendors have to compete in time real business.

Some websites may charge a small fee for this service, but there are other websites like who provide this service for free.

Whichever way you decide to get a POS System provider, make sure the vendor is knowledgeable and can meet all your needs at a reasonable cost.

Author who writes articles on various subject matter. Visit for view pricing guidelines on other business services and products.

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