What Costs Are Associated with a POS System?

Have you just started looking at POS options, or has your research been going on for months now? Regardless of where you are in the process, you may be aware of the financial investment that comes with purchasing a point of sale system.

Luckily, if you invest in a point of sale system that is the right fit, the hardware and software will pay for itself because of how much it’s helping your business. While point of sale system costs and payment options vary, we can help give you a general idea of what to expect. 

Are Monthly Payments Required?

The short answer is no — monthly payments are not necessary with POS Nation. You may benefit from some options that come with monthly payments, but it depends on what your business needs. It’s worth a conversation with one of our product specialists to see which option would be most beneficial. Below are some quick references that can help you make a decision!

Local Database Software

If you’re considering local database software, there is the option to pay for everything up front with no ongoing fees or monthly payments. This is great for the business owner that wants to own the system outright! You can also rent with a buyout option, which is the most flexible choice available. This allows you to try the solution with minimal risk and no obligation at a much lower upfront cost. Lastly, the full system can be broken down into monthly payments with a traditional lease.

Cloud-Based Software

You’ve probably heard of cloud software, which is a great option for business owners who want to work remotely. While a cloud-based software will have an ongoing monthly payment, many business owners believe that remote access is worth the monthly fee. You can check on your business from any computer that has internet — and there’s even an app for your phone! With our cloud-based solution, you have the option to purchase the hardware in full and pay for the software month to month or pay for both the hardware and software on a monthly basis.

If you’re interested in the specific costs associated with each payment option, take a look at our pricing page — or better yet, get in touch with a product specialist to walk through your options.

Do I Own My Point of Sale System?

Like monthly payments, this depends on the option you choose. If you break the cost of the entire point of sale system into monthly payments, you do not own the hardware or software. If you go the route of paying for your hardware in full and making payments on your software month to month, then you own the hardware — not the software. And if you choose to pay for the entire point of sale system up front with local database software, then you own the hardware and software with no monthly fees attached.

Choosing a Cost-Effective POS System

Every point of sale company has different pricing and payment options. But unlike POS Nation, most other companies will require you to make monthly payments — regardless of which type of software is offered. You will likely have to sign a contract as well, locking you into their services for a significant amount of time. Our customers love the options we have, the flexibility in paying for them, and the ability to change their mind at any time.

Be sure to do your research to find a system that meets your needs and can help hit your business goals! If you’re interested in a full point of sale solution from POS Nation, build your system online today.