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 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.
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 2022