Before investing in a POS system integrated with Stripe, it’s worth considering some key factors below.
Your business needs: It’s a good idea to take your target customers, business models, and future development plans into consideration. Understanding who your customers are, what kind of payment methods they like, and how Stripe POS integration can help boost your business is critical.
Integration: The chosen POS system should integrate well with your existing apps and software or with the ones you might add. The POS had better speak to the Stripe payment processor as well as other apps and software.
POS software: Depending on the type and the size of the business you’re running, there are certain features that you’ll want to have in your POS system. Make sure that the software is compatible with Stripe too.
Most common desired features include:
- Sales management
- Order management
- Inventory management
- Reporting and analytics
- Marketing activities
- Customer loyalty programs
POS hardware: Hardware might cost a bundle, so consider carefully what type of hardware your business needs. Some popular hardware includes POS readers, barcode scanners, receipt printers, cash drawers, and POS machines. It’s also useful to check whether Stripe credit card processing equipment is compatible with the POS software.
Costs: You should balance between what you want, what your business needs, and what you can afford. Most POS systems now work well with Stripe, so there’s no need to bear a high cost for a Stripe POS. For cost-efficiency, you should go with a scalable and tailor-made POS as it allows you to easily add more features to fit your requirements when your business expands.
Ease of use: POS systems should help your business run smoothly rather than causing more headaches for your staff. Make sure to acquire an easy-to-use Stripe POS system so that your staff can easily onboard.
>> Keep reading this guide on POS system cost to choose the best POS for your business.