Shopify stores can use top-of-the-line POS systems

You can offer seamless shopping experiences to your customers and help you manage your business more efficiently with the eCommerce POS integration. POS software offers many features, including inventory management, security, reporting, customer management, and eCommerce. It is important that retailers have Shopify extensions. You may need additional applications or they may not be compatible with your existing module. This article will help you choose the right POS system for your Shopify store.

What’s Shopify?

Shopify is an eCommerce platform that allows anyone to create and sell products online. With Shopify, merchants can also sell products in person.

Shopify is the most popular commerce platform for small businesses. Shopify is the best commerce platform for small businesses. You can sell online, on social networks, in-store or from your car trunk. Shopify was founded by us, and we have been working to improve commerce for all.

What’s a retail point-of-sale system?

Point-of-sale software (POS) is hardware and software that allows you to check in customers, take payments and manage your physical retail store.

Many businesses, in all industries and countries, use POS systems to create omnichannel shopping experiences. Research has shown that the global POS market will reach $42.5 million in 2027.

The three components of a POS system are:

  • Software
  • Hardware
  • Payments

Software

POS software is an operating system that allows you to manage and ring up sales.

Many point-of-sale providers offer a variety of subscription options at different prices. The lower-priced plans include all the features you need to sell in person, but the more expensive plans offer more advanced features.

Modern POS software such as Shopify POS is made for retailers who sell online and in person. It includes unified multi-channel reporting, customer purchase history management, inventory management, order fulfillment, and more.

Hardware

POS hardware is required to accept payments. You should ensure that your new POS system can accept cash, credit, debit, and mobile payments like Apple Pay and Google Pay.

Depending on the payment method you wish your POS system accepts, you will need a cash register and tap and chip card reader. A cash drawer and bar-code scanner are also required.

Payments

POS systems can also route funds to your bank account following each sale. If the POS system integrates payment processing, you can save third-party fees and know when payouts are expected. You can also track online and in-store sales from one back office.

What are some of the benefits of a retail point-of-sale system?

Retail POS systems that are the best have features that will make managing your store easier. Here are some of the benefits:

  • Mobile checkout
  • Secure payments
  • Inventory management for multiple locations
  • It is simple to use
  • You can customize

Mobile checkout

Retail POS software can be installed on almost any iOS, Android tablet or smartphone. This software allows store employees to service customers anywhere in the store and receive payments. They can also check out the orders on the spot.

Mobile checkout has the obvious advantage of allowing customers to receive personalized service by staff.

Shopify POS allows staff to check a shopper’s past purchases in order to make sure the items they suggest match their preferences and interests. The shop staff can note a customer’s favorite color to share with future associates.

Shop staff can also use mobile POS systems to help them service multiple clients at once. This is especially helpful for shops that have a small staff or serve a large number of customers.

Secure Payments

Retail point-of sale systems that integrate payment processing should be capable of processing credit card transactions in-store as well as online.

Verify that your payment provider is committed to protecting your payment information as well as your business data. Shopify Payments, for example, is part of all Shopify POS plans. It has PCI-compliant servers and payment data encryption.

Multi-location inventory Management

Retail POS systems allow you to manage multiple stores without having to use different systems.

Your retail POS system must allow stock transfers from one shop or warehouse to another.

Retail POS systems can access your sales data to make smart suggestions about which stock to include in your next purchase. They also allow you to manage your inventory. Shopify POS can suggest purchase orders based upon product sales and seasonality by store location. You can also create reorder points to be notified when stock runs out in your stores.

The best retail POS system automatically changes stock quantities when stock moves between stores or warehouses.

Simple to use

Make sure that the retail POS system you choose is easy to use. This will reduce the time it takes to learn how to use and allow you to hire new staff faster.

A free trial period should be offered by any store POS system. Before you make any financial commitments, ensure that you are comfortable with the interface.

Customizable

We recommend that you choose a POS system that has all the capabilities and features you need, but it’s also important to think about how customizable it can be. Your business’s needs will change over time as customer preferences and habits change.

Shopify App Store applications can be added to your POS system to enhance its functionality. These apps can help with bookkeeping, marketing, scheduling, and just about any other aspect of running a business or generating sales. To make it easier to switch between Shopify POS software, you can add shortcuts to your homescreen.

Considerations when selecting a POS system

These are key considerations to make sure you choose the right POS system for your company, whether you are opening your first store or looking to upgrade your existing system.

POS software charges

First, your budget must be met when you purchase a POS system. There are many factors that can affect the cost of a POS system. First, the POS software costs.

Most POS software comes with a monthly or annual fee. There are also different plan tiers available at different price points. Higher-tier plans usually have more advanced features.

Shopify Basic accounts include Shopify POS software. This includes everything needed to sell at events and pop-up shops in person.

Shopify POS Pro is available to merchants who have permanent shop locations. It includes extensive reporting and analytics, as well as additional control over user rights and staff accounts.

Hardware prices

Hardware costs and functionality are the second things you need to consider. Hardware costs vary depending on what you need, how you want to pay, and how many employees and businesses you have.

Depending on your requirements, you can either rent, lease or buy POS hardware. Renting POS hardware is more practical if you are opening a pop-up store, for instance.

Take into account the hardware and features that you will need to run your business. Next, compare the POS provider’s offerings to find the best value.

Payment processing fees

Take into account your payment processing costs and the cost for your POS system’s payment hardware.

Each time you make a sale, your credit card processor will charge a fee. As a monthly fee and hidden fee, this cost will be charged for each transaction. In many cases, the amount you pay for each transaction will be determined by the customer’s credit card.

Before you choose a payment processor, make sure your point-of-sale provider supports integrated payments processing. Shopify Payments is available in all Shopify POS options. There are no setup or registration fees. You can get faster payments and better cash flow management by paying the same rate prenegotiated for all credit cards starting at 2.4% + $0.0.

Mobility

Modern POS systems such as Shopify POS are mobile and allow you to sell wherever your customers are. Mobile checkout is becoming a standard in retail because it reduces wait times for payment and improves store circulation, particularly at the checkout counter.

Fulfillment options

Today’s customers want to be able to buy what they want. Businesses must make it as easy as possible for customers to purchase online, in-store or via a combination of channels.

Your POS system and ecommerce platform can work together to offer more flexible order fulfillment options, such as purchase online, pick-up in-store (BOPIS) and home delivery to customers. This will allow you to provide a more convenient shopping experience and a better overall customer experience.

Integration of the Ecommerce Platform

The confusion caused by using separate systems for online and physical store management was minimal. However, it led to big problems like the inability to use digital gift card in-store.

Shop owners need real-time inventory and goods access in order to better manage their stores and provide better service to their customers. Integrating your inventory management system with online and offline stores will help you achieve your goals.

Our middleware platform Hexasync allows you to automate your POS operation and optimize it . This will allow your company to concentrate on efficiency and income and not activities such as updating inventory information or processing refunds.

POS software features

The best POS systems will include more than just basic features such as accepting payments.

  • Payment integration
  • Analytics and reporting centrally
  • Multichannel inventory management
  • Management of staff
  • Flexible order fulfillment
  • Multi-store management
  • Management of customer relationships

Customer support

The best POS systems offer the best customer service via chat, email, and phone. Ensure that support is available 24/7/365 when you need it.

How do you choose the best retail point-of-sale system?

These guidelines will help you choose the right POS system for your business, whether you are looking to switch from an existing point of sale system or start your first store.

List all your business activities

Before you begin shopping for POS systems make a list your most important business activities. Also, think about what your POS system should do. Make a list of the problems you have and how POS systems can help you.

Consider where your company will be in five to ten year’s time. What tools are necessary to achieve your goals? This will help you choose a POS system that can grow with your business as it changes.

Take into account the data that you require

Data allows you to make smart decisions, identify opportunities, and avoid costly mistakes. It is recommended that you list all data that is necessary to run your business the same way you describe your business activities, goals and objectives.

What information would you need at the end each day, month or year? What information would be important to you? Determine the most important retail metrics that you value and ensure your POS system reports reflect them.

Take into account data such as customer online and in-store purchases, or which goods are responsible for the highest (or lowest) percentages of revenue. This is in addition to managing day-to-day operations.

Choose which payment methods you would like to accept

Think about which payment methods you want your POS system to accept. What payment methods do you want consumers to use?

COVID-19 has witnessed an increase in the use of mobile wallets, apart from the most common payment methods (cash and debit cards) In fact, 64% now use mobile wallets for payment to purchase things, compared with 38% in 2019.

Consider the following factors when choosing a POS system: Make sure it supports all payment types and is within your budget.

Determine what POS hardware is needed

Once you have decided on the payment method you will accept, you might start to think about the POS hardware that you will need. Although most POS providers are happy to help you navigate your hardware options, it is best to have a rough idea of what you require in advance.

Compare different POS systems

You now know what you need to do to manage your business in the present and future. It’s time to start searching for a POS provider.

Talk to other retailers, read reviews and find out which POS systems are best for your business. Visit each POS provider’s site to find out more information about their services.

After narrowing down your choices, you can sign up for a free trial and see if it meets your needs. You can test the features before you commit to anything.

Which POS system is best for Shopify?

Lightspeed Shopping – Ideal for large businesses

Lightspeed is a well-known POS company that focuses on golf, restaurants and retail. This solution is a leader in Lightspeed and has powerful features that can be used by large businesses. They target chain retailers as well as businesses with multiple locations.

Lightspeed Retail is proud to offer a wide range of management tools that include:

  • Inventory Management:Sort products quickly by different variants (such as colors and origins). ).
  • Employee Management: Track sales records of employees and give permissions to a particular part of your POS system.
  • Customer relationship management: Use customer profiles and other marketing tools for engaging with customers.
  • Analytics and reporting: Get to know your business better.
  • Ecommerce integrations: Manage all your online shops from a single POS

Lightspeed is ideal for larger businesses with higher budgets. Advanced features are more costly subscriptions.

Lightspeed Retail offers the lowest annual bill plan $69/month, (Lean). It also includes a card-present rate 2.6% +10C/. $119/month Standard or $199/month Advanced are the more expensive options. Monthly billing is slightly more expensive. Lightspeed is a great option if you’re looking for a POS that is extremely powerful in managing your business.

Vend is best for medium-sized businesses

Vend is the next POS system we recommend to our readers. Vend is best suited for medium-sized businesses that are focused on physical stores. Vend lacks native eCommerce capabilities.

Vend’s most prominent feature is its inventory management. Vend’s inventory management system features include supplier data, stock levels and sales records. Vend allows customers to import product data into the system via an Excel file. This information can then be used by users online or offline to make modifications.

These are some of the most important features of Vend:

Vend like Lightspeed is more expensive in terms of pricing. There are three types of subscriptions available from this POS provider. These are the Lite ($99/month), Pro (129/month),, and Enterprise ($customizable prices)versions. Vend is a great option for inventory-rich companies, but not for service-based businesses.

square – Ideal for newly-opened companies

Square has a reputation for being a reputable name in the POS industry due to its wide range of applications. Square offers this POS for Retail as a retail-focused side product. A significant advantage comes with the free Square point-of-sale program. It is ideal for start-ups in the initial stages of development who only require basic management tools. Alternative options are also available if you need more functionality. We’ll discuss these options later.

These are just a few of the Square features you should be aware of:

  • Built-in payment processing
  • Barcode-based interface that allows for barcode creation and purchase orders.
  • User-friendly dashboard
  • Online shop creation (create a website/online store for delivery or pick up)
  • Customer relationship management (CRM), tools

Square for Retail offers an additional version to the free version. It costs $60/month/location and has a transaction processing fee. You can also get a Premium plan with customized pricing.

Square’s two greatest advantages are its free version and its ease-of-use. It is an excellent POS option for new businesses.

Clover is best for simple setup

Clover POS system designed for retail stores. Clover’s hardware is more well-known than the POS mentioned above. These devices run the software smoothly and offer retailers a pleasant experience.

Clover is an excellent software solution for small businesses that need a fast setup. Clover already includes merchant services. Clover allows you to modernize your cash register and keep your merchant account.

Clover has some outstanding characteristics:

  • Mobile Point of Sale: compatible with both iOS and Android
  • Employee Management:Assign permissions for specific data to multiple employees
  • Customer Management Tools: Track customers’ transactions, create customer profiles and manage loyalty programs.
  • More Than 200 apps and add-ons. Complete your business needs by integrating additional integrations such as inventory management, accounting and invoicing.

Clover can be easily transformed into an All-in-One App for your business, by allowing for multiple add-ons.

Clover currently offers different pricing plans depending on the purpose of your use. Clover offers the following pricing plans:

  • Payments Plan (with no POS Functions): With the flat-rate processing 2.6% + $0.10 to businesses
  • Essentials plan: for businesses with credit card sales below $50,000/year – $9,95/month/additional device
  • Register plan: for businesses with credit card sales above $50,000/year – $9,95/month/additional device

Hexasync – The integrated solution for any POS system and your Shopify store

Shopify can be integrated with any POS system using our Hexasync Intl Platform. This allows you to sync inventory and orders between Shopify POS and Shopify.

Our technology services : Magento posshopify posbigcommerce poswoocommerce pos

Beehexa utilizes the most recent technologies and optimizations within the industry to offer you Hexasync, a real-time data sync middleware and monitoring software. Hexasync offers data integrity protections and tile-based mapping to ensure reliable synchronization of your Shopify store with your POS applications.

Shopify can integrate with some fields from the POS system, including Item Name and Inventory, Variant Names, Price, Price, SKU and Description. The fields that can be synced from Shopify to POS include Title, Inventory and Color/Shadow. Price/Compare with Price, Product Line, Description and Image are also available.

These are just a few of the Hexasync features compared to other solutions:

  • Middleware: an application-independent lightweight piece of software that handles all the intricacies of integration
  • EAV design Pattern:combined for more flexibility in data modelling
  • Message Queuing Based Architecture: makes it easier to code detached applications. It also provides greater performance, reliability, and scalability.
  • Customizable handlerallows you to see more information about your customer’s order status
  • Cell-based Mapping:Highly precise single-cell data mapping to ensure reliable synchronization
  • Real-time integration: Keep your business in sync with real-time updates
  • Compatible With POS Apps: Connect Shopify to any POS app you like

Conclusion

We hope you found this article helpful in choosing the right point-of-sale system for your Shopify store. Each POS system offers unique advantages so we recommend that you identify the problems and choose the best solution for your company. This solution will allow you to sell your products and manage your business confidently.

source : https://www.beehexa.com/blog/top-of-pos-systems