9 Best POS Systems for Small Businesses: 2024’s Top Solutions

October 29, 2024


A reliable point of sale (POS) system seamlessly combines sales, inventory, and customer management, serving as the backbone for any thriving small business in today’s fiercely competitive market. Choosing the best small company POS system is crucial for maximizing efficiency, enhancing customer satisfaction, and boosting profits. These systems provide advanced reporting and seamless integration with various payment methods and e-commerce platforms to meet the evolving needs of small businesses. Incorporating automated WhatsApp notifications tools like WANotifier can further enhance these systems, helping businesses maintain strong relationships with their customers personally

Our 2024 list of the top small business POS systems showcases devices that are highly efficient, reliable, and greatly satisfy users. Every service is designed to meet the specific needs of small companies, offering a range of unique features, target markets, and integration capabilities. The article provides small company owners with a concise overview of each POS system, helping them select one that aligns with their operational requirements and contributes to their success in the upcoming year.

Oliver POS

Oliver POS is the best retail POS system for small businesses because of its smooth integration with WooCommerce and WordPress. This browser-based POS system streamlines the management of both online and offline sales by synchronizing data in real time, making it a perfect solution for businesses aiming to improve operational efficiency and customer satisfaction.

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Features

Oliver POS provides a user-friendly interface that is easy to navigate, ensuring that small business owners and their employees can quickly adapt without the need for extensive training. The system offers extensive customization options, allowing businesses to personalize the POS according to their unique requirements. Furthermore, it offers comprehensive reporting and analytics tools, providing valuable insights into sales, inventory, and customer behavior. OliverPOS is committed to providing outstanding customer support, assisting businesses in promptly and effectively resolving any issues that may arise.

Price

OliverPOS provides pricing plans that are both competitive and transparent, making it a cost-effective option for small businesses. Our pricing structure ensures transparency and delivers exceptional value without sacrificing any features. This affordability makes it easily accessible for startups and established small businesses of all sizes.

Advantages and Disadvantages

Advantages:

Seamless WooCommerce Integration: Ideal for businesses that are already utilizing WordPress
Intuitive Interface: Requires minimal training and is easy to navigate.
Highly customizable: Adapt the system to perfectly align with unique business requirements.
Powerful Analytics: Delivers valuable insights to fuel expansion and enhance profitability.
Providing top-notch support: Our team is dedicated to delivering reliable customer service to ensure seamless operations.
Downsides:

Internet Dependency: A stable internet connection is necessary for optimal performance.
If you’re looking for a simple POS system that’s perfect for small businesses, OliverPOS is the way to go. It’s comprehensive, user-friendly, and won’t break the bank. Plus, it integrates seamlessly with WooCommerce.

Square POS

Square POS, based in San Francisco, California, is a flexible point-of-sale software solution specifically tailored for small businesses. Users can conveniently accept credit card payments using a variety of devices, including iPhones, Androids, and iPads. This provides them with the freedom to conduct transactions from virtually anywhere. This system is highly popular among small businesses with 1 to 50 employees, thanks to its user-friendly interface and extensive range of features.

Features

Square POS is user-friendly on smartphones and tablets due to its intuitive user interface. Organizations are able to make rapid operational decisions by monitoring revenue and receipts in real time. Square POS also enables businesses to personalize the program to meet their specific requirements.
Although hardware compatibility is adaptable, certain users find the chip reader to be unwieldy when operating mobile devices. Nevertheless, the software’s resilience typically mitigates the deficiencies of hardware design.

Pricing

Square POS is renowned for its clear and straightforward pricing structure. The initial card reader is offered at no cost, while any extra reader can be obtained for a starting price of $10. The transaction fees are quite simple to understand. For tapped, dipped, or swiped payments, the fee is 2.6% plus 10 cents. On the other hand, keyed-in transactions have a slightly higher fee of 3.5% plus 15 cents. For businesses processing over $250K in card sales, Square offers custom pricing options, making it a flexible choice for businesses that are expanding.

Pros and Cons

Pros:

  • User-Friendly Interface: Users frequently commend the software for its simplicity and ease of navigation.
  • Real-Time Sales Updates: The ability to track sales as they happen helps businesses stay on top of their performance.
  • Customization: The system’s flexibility allows it to be adapted to various business models, enhancing its utility across different sectors.

Cons:

  • Hardware Design Issues: Some users report that the hardware can be cumbersome, particularly the mobile chip reader.
  • Limited Reporting Flexibility: The software’s sales reporting features lack the flexibility some users need for detailed data analysis.
  • Access to Sales Summaries: Obtaining sales summaries requires downloading an additional app, which can be inconvenient for users who prefer streamlined operations.

In general, Square POS is a dependable and effective option for small businesses that require a comprehensive point-of-sale system that seamlessly integrates potent functionality with user-friendly interfaces. It is a compelling choice for businesses that are seeking to improve their operational efficiency and customer service due to its comprehensive feature set and seamless integration with a variety of devices.

Shopify POS

Shopify POS is well-known for its seamless integration with Shopify’s ecommerce platform, providing a strong point-of-sale solution that caters to both in-person and online retail environments. This system is specifically designed to optimize the retail experience by offering a wide range of features that efficiently manage operations and facilitate selling across multiple channels.

Features

Modern retailers can take advantage of the numerous functionalities offered by Shopify POS. Ensuring a seamless purchasing experience across various sales channels is crucial for customer satisfaction. With advanced staff management systems, you can track performance and customize roles with precision. Additionally, smart inventory management can help minimize errors and increase profits. We accept Visa, Mastercard, Apple Pay, and Google Pay as payment methods.

With Shopify POS, you can effortlessly incorporate and categorize an unlimited number of products and their variations. It provides comprehensive client profiles and purchase histories to enhance targeted marketing and improve customer service. Shopify POS’s reporting and analytics features offer valuable insights into sales patterns, inventory levels, and business performance, empowering you to make well-informed decisions.

Pricing

Shopify POS offers a range of subscription options to cater to various business sizes and requirements, with prices starting from $5 per month and going up to $2000 per month for more advanced features. There are two plans available for the system: Shopify POS Lite and Pro. Both options provide a wide range of items, staff accounts, and round-the-clock customer service. The Pro package includes a wide range of features such as inventory management, unlimited staff POS pins, and detailed reporting.

The transaction costs vary between 2.4% and 2.7%, depending on the plan. These fees apply for in-person transactions, while online payments incur additional charges. Understanding the pricing structure of a Shopify subscription is crucial for businesses to manage their budget effectively.

Pros and Cons

Pros:

  • Strong Ecommerce Integration: Seamlessly connects with Shopify’s online platform, providing a unified approach to sales both online and offline.
  • Flexibility: Supports a wide range of POS hardware and can be adapted to various retail settings.
  • Extensive Customer Support: Offers 24/7 access to customer service via phone, email, and live chat, complemented by a comprehensive online help center and community forums.

Cons:

  • Cost: Can be expensive, especially for small businesses just scaling up or those requiring advanced features.
  • Dependence on Internet: Limited functionality without an internet connection, affecting the ability to process transactions offline.
  • Transaction Fees: Additional charges apply unless using Shopify’s own payment processing system.

Overall, Shopify POS is an incredibly flexible and all-encompassing solution for businesses that operate in both online and physical retail spaces. With its seamless integration with Shopify’s ecommerce platform and a wide array of features aimed at boosting operational efficiency, this POS solution emerges as a formidable player in the market. However, it’s important for potential users to carefully evaluate the overall cost and reliance on internet connectivity when selecting Shopify POS for their business requirements.

Toast POS

Toast POS is specifically designed for the restaurant industry and provides a comprehensive suite of tools to streamline operations and enhance customer service. This cloud-based solution seamlessly integrates with various restaurant management functionalities, including payment processing and customer care, which are crucial for modern dining establishments.

Features

Toast POS is well-known for its intuitive interface, making it simple for staff to navigate and manage the system. The platform offers a variety of features to enhance the dining experience, including Toast Go Handheld POS, Kiosk, and Toast Mobile Order & Pay. These features are designed to cater to a range of dining styles, from fast-casual to fine dining. Investing in the Kitchen Display System and integrations like xtraCHEF can greatly improve kitchen efficiency. Additionally, the inclusion of loyalty and gift card programs can significantly boost customer retention rates. Toast’s hardware options are specifically designed to meet the needs of the restaurant industry, while its offline transaction support guarantees uninterrupted business operations, even in the absence of internet connectivity.

Pricing

Toast POS offers customizable pricing for different business sizes. Single-location restaurants seeking minimum functionality to launch should choose the Starter Kit, which costs $0 per month. Standard Point of Sale software plans start at $69 per month for extra features. The ‘Build Your Own’ plan lets restaurants fully utilize Toast, with personalized pricing based on their demands and scalability. Toast also offers packages like POS and Toast Payroll for $69 per month + $9 per employee.

Pros and Cons

Pros:

  • Versatility in Ordering: Toast POS enables order placements through various mediums—kiosk, mobile app, and directly through its system, making it adaptable to various service styles.
  • Comprehensive Support: 24/7 customer support via web messaging ensures that any issues can be promptly addressed, which is crucial for the always-on restaurant industry.
  • Integrated Solutions: The platform offers integrated payroll and team management software, which simplifies staff administration and payroll processing.

Cons:

  • Contractual Commitments: Toast requires a two-year contract with early termination fees, which might be a deterrent for new or evolving restaurants.
  • Additional Costs: Some features, like online ordering, are considered add-ons with extra costs, and the online payment processing rates are higher compared to some competitors.
  • Hardware Quality: There have been concerns regarding the durability and functionality of the provided hardware, which could affect day-to-day operations.

Toast POS is known for its restaurant-specific systems that enable a variety of eating styles and operational sizes. However, prospective users should carefully examine the long-term commitment and additional fees of fully employing the system.

Lightspeed Retail POS

Lightspeed Retail POS is designed for retail businesses that are looking for advanced customization and scalability. This system is specifically designed to meet the crucial day-to-day requirements of independent retailers, offering powerful management tools that support business expansion.

Features

Lightspeed Retail POS is known for its extensive range of features that ensure a smooth retail management experience. Our platform offers a range of essential features, including seamless payment integration, efficient inventory management, and convenient access to supplier catalogs. Our system comes with a powerful Lightspeed eCommerce platform that allows you to easily manage in-store loyalty programs and access detailed sales, staff, and inventory reports. In addition, Lightspeed provides a wide range of accounting, ecommerce, and marketing integrations.

You can also take advantage of their mobile scanner app, custom reporting, API access, and the ability to customize workflows and user roles. Our Lightspeed Payments card-present rate remains consistently at 1.5%, guaranteeing seamless and hassle-free financial transactions.

Pricing

Lightspeed Retail POS offers onboarding and professional service options tailored to different business needs, supported by 24/7 chat and phone support. The system provides flexible repayment terms through Lightspeed Capital, making it a financially adaptable option for businesses. Pricing details are structured to accommodate the scalability needs of growing businesses, ensuring that as your business evolves, Lightspeed can continue to meet its changing requirements.

Pros and Cons

Pros:

  • Detailed Inventory Management: Lightspeed excels in inventory management, allowing users to import product catalogs via CSV files, categorize items, and manage stock across multiple locations.
  • Robust CRM and Employee Management: The system includes a CRM for tracking customer interactions and preferences, and employee management tools that feature a basic time clock and sales performance logs.
  • Comprehensive Reporting: Over 40 different reports help businesses analyze data on sales, inventory, and marketing effectiveness, integrated with popular accounting software like QuickBooks and Xero.

Cons:

  • No Free Plan Options: Lightspeed does not offer a free plan, which might be a barrier for smaller retailers or startups.
  • E-commerce Limitations in Lower-Tier Plans: The lowest-tier plan lacks e-commerce features, which are crucial for businesses aiming to operate both online and offline.
  • Contractual and Fee Constraints: Potential termination fees and the requirement for an annual contract may deter some businesses.

Established businesses with several locations benefit most from Lightspeed Retail POS. Its rich functionality and affordable payment processing rates make it a good investment for merchants aiming to improve operational efficiency and consumer engagement. Lightspeed’s extensive features and support make it worth the money for firms seeking a top-tier POS solution.

Clover POS

With Clover POS, you get a complete solution from First Data (now merged with Fiserv as of July 2019). It provides a range of point-of-sale options designed for different types of businesses, such as retail, restaurants, and service industries. This system is highly versatile, capable of seamlessly adapting to various settings including country markets, cafes, outdoor markets, and online ordering systems.

Features

Clover POS distinguishes out with its many business-streamlining capabilities. It takes cash, checks, credit, debit, and digital wallets like Apple Pay and Google Pay. Modern payment environments need contactless payments, which the system allows. Clover handles inventory management and notifications for low stock, and its sales reporting tools give real-time data on sales performance and consumer behavior. Clover’s personnel management capabilities track hours, compute payroll, and monitor staff performance, while its customer management features boost client loyalty and retention.

Pricing

Clover POS offers multiple price levels for varied company needs, starting at $14.95 per month for Professional Starter. Retail and restaurant packages cost $60 to $105 each month, with the Full Service Advanced tier costing $325. These plans frequently contain gear and software, but Clover allows businesses to buy hardware devices individually, giving them flexibility in integrating Clover. Transaction costs range from 2.3% + 10¢ to 2.6% + 10¢ for card-present sales, depending on the plan.

Pros and Cons

Pros:

  • Versatile Payment Options: Supports a wide range of payment methods, including mobile and contactless payments.
  • Comprehensive Features: Offers extensive tools for sales tracking, inventory management, employee and customer management.
  • Modular System: Provides flexibility to choose from a range of hardware and software options that best fit the business needs.

Cons:

  • Pricing Complexity: With numerous plans and options, pricing can be difficult to navigate and understand.
  • Contract Requirements: Some plans may involve long-term contracts with associated termination fees.
  • Customer Service: While generally supportive, there are reports of inconsistent customer service experiences.

Clover POS is specifically designed to help business owners effectively manage their daily tasks, whether they have a physical store, an online presence, or both. The system’s flexibility and comprehensive features make it a strong contender for businesses seeking to improve their operational efficiency and customer engagement.

Helcim POS

Features

Helcim POS offers a wide range of features for businesses looking for efficient payment processing and advanced company management solutions. Our POS software is perfect for both countertop and mobile settings, offering a wide range of features completely free of charge. As a business owner, you’ll have access to convenient features like bulk inventory uploading, product classification, and a comprehensive CRM system to efficiently manage your sales operations. Helcim’s POS software enables seamless transactions across multiple channels, ensuring businesses can maintain a cohesive online and offline presence.

Helcim Card Reader and Smart Terminal are designed to streamline in-person payments and seamlessly integrate with our cloud services, enhancing operational efficiency. These devices have the capability to transmit digital receipts and efficiently handle inventory management directly from the terminal. Additionally, they offer the convenience of accepting tap, chip, and PIN payments.

Pricing

At Helcim, we utilize an interchange-plus pricing model that offers transparency and the opportunity for cost savings. This is achieved by passing on any interchange rate reductions directly to our valued merchants. There are no monthly subscription fees, and the company provides transparent information about the minimal charges it applies. For instance, there is a $5 fee for returned transactions and a $15 fee for chargebacks. However, it’s worth noting that the latter fee is reimbursed if the merchant wins the dispute.

If your business processes significant volumes, Helcim has an appealing offer for you. They provide volume discounts that can help reduce the markup on interchange rates for merchants with monthly credit card sales exceeding $50,000. With our tiered pricing structure, businesses can save more as they process more, making Helcim an ideal choice for growing businesses.

Pros and Cons

Pros:

  • Cost Efficiency: Helcim’s interchange-plus pricing and volume discounts can significantly reduce payment processing costs for businesses.
  • No Long-Term Contracts: Merchants are not bound by long-term commitments, providing flexibility and ease of switching if the service does not meet their needs.
  • Robust Feature Set: With comprehensive tools for inventory management, customer relationship management, and multichannel sales, Helcim stands out as a versatile POS solution.

Cons:

  • Delayed Deposits: Unlike some competitors that offer same-day or next-day deposits, Helcim’s standard deposit time is within two business days, which could be a drawback for businesses with tight cash flow needs.
  • Limited Hardware Options: While Helcim offers functional devices like the Smart Terminal and Card Reader, the range of available hardware is not as extensive as some other providers.

With its transparent pricing and comprehensive features, Helcim POS provides a valuable tool for businesses seeking to streamline their payment processes and improve operational efficiency. With its flexibility and cost-effectiveness, it becomes an attractive option for small to medium-sized businesses, especially those that go through varying sales volumes.

Revel POS

Features

Revel POS provides a wide range of features that are specifically designed to improve the operational efficiency of restaurants and retail businesses. This system is constructed on a versatile cloud-based platform that enables extensive customization to cater to the unique requirements of different business models. With real-time inventory management, businesses can now effortlessly track inventory levels and make well-informed purchasing decisions. In addition, Revel POS provides split bill capabilities, holds bar tabs, and offers a range of payment options to enhance customer satisfaction.

Additionally, the platform offers employee management tools such as integrated timecards and direct schedule dissemination, making staff management more efficient. With Revel, restaurants have the convenience of customizing their menus right from the management console. This means that any changes made are instantly updated in all service areas. The system’s integration capabilities expand to third-party applications, enhancing its usefulness by linking with tools for accounting, CRM, and other functions.

Pricing

Revel POS has a starting price of $99 per month, which reflects its wide range of features and tailored solutions for businesses. With a minimum commitment of three years, the system is perfect for small businesses seeking long-term stability in their POS and management systems. Our in-person transaction processing fees are set at a competitive rate of 2.49%, allowing businesses to effectively manage costs while benefiting from a top-notch service.

Pros and Cons

Pros:

  • Comprehensive Customization: Revel’s cloud-based system allows for extensive customization, making it adaptable to specific business needs.
  • Diverse Payment Solutions: The platform supports a wide range of payment methods, enhancing flexibility for customer transactions.
  • Strong Integration Capabilities: With robust third-party integration, Revel can seamlessly connect with various business management tools, extending its functionality beyond typical POS services.

Cons:

  • Complex Pricing Structure: The pricing model, requiring a three-year commitment, may be a barrier for smaller or newer businesses.
  • Steep Learning Curve: Some users find the interface and vast options overwhelming, which can lead to a longer adjustment period.
  • Customer Support Variability: While generally robust, some users have reported inconsistencies in the quality of customer support.

Revel POS is a standout choice for businesses seeking to integrate powerful operational tools with their point of sale solutions. With its cloud-based platform, businesses can easily grow and adapt to the ever-changing market conditions.

ePOS Now

With its wide range of integrations and features, ePOS Now is a versatile POS solution that caters to both retail and hospitality sectors. It offers a scalable platform that can adapt to the needs of businesses in these industries. Our system is specifically designed to accommodate the growth of your business. It offers a range of tools that effectively streamline operations, even if you have multiple locations.

Features

ePOS Now offers a range of features that set it apart as a strong contender in the POS market. Our platform seamlessly integrates with more than 100 third-party apps, giving you access to a wide range of tools such as Shopify, QuickBooks, Xero, and Sage Business Cloud Accounting. POS systems with comprehensive integration capacity allow for customized solutions that enhance business operations and increase efficiency. Internal connectors such as ePOS Now Delivery and Order and Pay are readily available, along with APIs for customized integrations.

Common inventory management technologies used in the industry include real-time floor plan management and time-at-table tracking. These qualities help hospitality professionals effectively handle busy dining areas. With the help of this technology, retailers can effortlessly keep track of their inventory, streamline the ordering process, and receive timely notifications to ensure they never run out of popular products.

Pricing

ePOS Now provides a variety of pricing plans designed to suit the unique requirements and scales of various businesses. The system is priced competitively, starting at $349 as a one-time flat rate. Unfortunately, there is no free trial or version available. This feature allows businesses to easily find a complete POS solution without any recurring monthly expenses. In addition, ePOS Now offers installation, configuration, and training services to ensure businesses can set up their system swiftly and effectively.

Pros and Cons

Pros:

  • Integration Flexibility: With over 100 third-party integrations, ePOS Now offers unparalleled customization options.
  • Comprehensive Inventory Management: Features tailored for both retail and hospitality ensure effective stock and floor plan management.
  • User-Friendly: The system is noted for its ease of use, with simple product addition and efficient back-office functions.

Cons:

  • Customer Support Issues: Some users have reported challenges with customer support and technical issues that were not resolved promptly.
  • System Stability Concerns: There have been instances of technical problems such as system crashes and data loss during critical business operations.
  • Contract Limitations: ePOS Now typically offers contracts ranging from one to five years, which may not be ideal for businesses seeking more flexible, short-term options.

ePOS Now is highly regarded for its versatility and extensive range of features, making it an excellent choice for retail and hospitality businesses seeking a flexible and integrated POS solution. When making a decision about whether this system is the right fit for your business needs, it’s important to take into account factors such as system stability and the quality of customer support.

Conclusion

We’ve examined the top POS systems that will transform small companies in 2024, analyzing their strengths, weaknesses, and diverse features for different sorts of enterprises. Each system improves business operations, customer engagement, and sales management, from Square POS’s user-friendly interface and Shopify POS’s seamless ecommerce integration to Toast POS’s restaurant solutions and Lightspeed Retail POS’s robust retail management features. The article’s main goal is to help small company owners optimize their operations in the future year by emphasizing the necessity of choosing a small business POS system that meets their demands.

Given the extensive analysis of each system, including Oliver POS, which syncs seamlessly with WooCommerce and offers browser-based operating simplicity, picking the appropriate POS solution is crucial. Oliver POS’s WooCommerce connection offers flexibility and scalability to meet the rising need for omnichannel retail solutions. This investigation shows that technology is crucial to small business success, driving the development and use of modern POS systems that can adapt to changing client requirements and expansion goals. This article’s advice on using cutting-edge POS technology can help small firms navigate 2024 and beyond’s competitive market.

FAQs

1. What does the future hold for POS systems?
The future of retail POS systems is filled with exciting developments and possibilities. Retailers are adopting innovative technologies such as mobile payments and AI-driven analytics to improve customer experiences, optimize operations, and foster business growth.

2. What are the characteristics of next-generation POS systems?
Next-generation POS systems are evolving into comprehensive retail management solutions. They incorporate advanced technologies like cloud computing, big data analytics, and mobile technology, providing a plethora of features and capabilities that significantly surpass those of traditional systems.

3. Which POS system is most commonly used by businesses?
Square POS systems are widely recognized and utilized across the globe, with a user base of 2 million businesses. It is an all-in-one solution that includes inventory management, customer loyalty programs, and robust reporting and analytics. Square also features an integrated payment processing solution, making it a top choice for many businesses.

4. What are some of the top POS systems recommended for small businesses in 2024?
Some of the best POS software for small businesses in 2024 include Square POS, Clover, Shopify POS, Lightspeed POS, and eHopper POS. These systems are highly regarded for their comprehensive features and capabilities, catering specifically to the needs of small businesses.

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