The 5 Best Retail POS Systems of 2020

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THE 5 BEST RETAIL POS SYSTEMS OF 2020
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A retail business requires profound knowledge of
the industry along with shrewd business expertise
and quality support services. On top of it, it
requires a retail point of sale (POS) systema
tool that record your financial transactions
while you focus on your business growth.
A retail POS has numerous capabilities and
features that can help you scan a product
barcode, print a receipt, make a purchase order,
or check a particular customer purchases. The
best retail POS system is one that prioritize
things that are essential to your small business.
To assist you in deciding the best retail POS
system for your small business, weve gathered
all the necessary details on the top five retail
POS systems along with their suitability for
different business situations. First, lets
understand what a retail POS system is and how it
works.
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• What Is a Retail
• POS System?

A POS system is a combination of software and
hardware to create a POS machine for processing
business transactions and payments. POS system
process credit card payments, manage inventory,
store cash, print receipts, track inventory,
adjust pricing, manage staff and customer data,
sales reporting and much more. A retail POS
system is a POS system with features and
capabilities that works with the needs and
preferences of retail owners.
Create and bring the new concept
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Best 5 Retail POS Systems
Inuit QuickBooks GoPayment Most Affordable
01
Clover Flex Best for Mobile
02
Based on explicit business situations, there are
five great retail POS systems available in the
market.
Square for Retail Most User-Friendly
03
Shopify POS Best for Ecommerce
04
Lightspeed Retail POS Best for Enterprise
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• Inuit QuickBooks GoPayment Most Affordable

Most retail cards with free card readers accepts
only magstripe payments and necessitates a
headphone jack to connect to smart devices. The
GoPayment card reader is wireless and
adaptablemaking it the best retail POS system.
Intuit QuickBooks GoPayment App is on top of our
list and best for retailers that are looking for
an affordable retail POS solution. GoPayment is a
free mobile POS app that allows you to take
payments anytime, anywhere. GoPayment is an
Intuit product that allows you to synchronize all
the processed transactions data via app to your
QuickBooks, TurboTax, and Mint accounts.
The best thing about Quickbooks GoPayment is the
free card reader that processes magstripe and
chip card payments. You can also connect the free
reader with your smart devices via bluetooth. You
can also process keyed-in transactions via the
GoPayment app for your retail business without a
credit card reader,
Be cautious, theres a payment processing fee of
2.4 0.25 per card swipe and 3.5 0.25 for
keyed-in transactions.
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Clover Flex Best for Mobile
The major benefit of using Clover Flex is that it
functions independently of a smart devicemaking
it a self-sustenance retail POS system. Clover
Flex has Clever-Go that is a compact, super light
card reader and an app the price of 69, and
Clover-Mini that is a small package POS system at
the price of 749 at no hidden fees or extra
costs.
Clover Flex is a complete POS in one compact
package combined into a simple, smart, reliable
rectangular handheld retail POS system device.
You can process magstripe, chip, and contactless
payments from virtual wallets with the Clover
Flex.
It also carries a payment processing fees of 2.3
0.10 with features like 1 business day
delivery, 60 days return, consistent rates for
all card types and exceptional live chat support.
Another great feature of Clover Flex is the
scanner that helps simplify your inventory
tracking process via a scanner that scan
barcodes. It also comes with a printer for you to
provide a physical copy of receipts to your
customers.
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Square for Retail Most User-Friendly
The processing fee is 2.5 0.10 for tapped,
dipped and swiped payment, and 3.5 0.15 for
keyed-in transactions and 2.9 0.30 for
invoices. You can also purchase the hardware for
transactions including card readers, cash
drawers, barcode scanners, and receipt printers.
Square for Retail is the most user-friendly
retail POS system especially for those business
owners that require a complete package of tools
built to work together impeccably. It includes a
specific retail POS app, smart customer
directory, inventory management, employee
management and insightful reporting for
retailers. The cost is 60 per month and it works
exclusively on iOS devices.
Square offers a complete package with all the
tools and services to help you run and grow your
retail business successfully.
Square for Retail is best suited for first-time
retailers who have never used a POS system. After
signing up, youll be able to access management
features with reporting tools, and add-ons like a
loyalty program and payroll platform. Square for
Retail offers an instinctive interface with
customization option to your preferences.
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Shopify POS Best for Ecommerce
It also comes with a free swipe and dip card
reader, though you can also purchase it that
accepts contactless payments, or a complete
custom POS kit including an iPad stand, barcode
scanner, printer, labels, cash drawer, receipt
printer and paper, and accessories at the
starting price of 589. The Payment processing
fee vary based on the plan you choose. The
In-person credit card rates are 2.7 (Basic
Shopify), 2.5 (Shopify), and 2.4 (Advanced
Shopify) per transaction. Be aware of that youve
to use Shopify Payments as your payment processor
to enclose these in-person rates.
Shopify POS is the most simple and intuitive POS
software for combining your in-store and online
sales. With a Shopify POS, merchants are able to
manage in-store and online operations in a single
place with a fully integrated hardware and 24/7
support. Shopify POS offers three plans Basic
Shopify at 29/mo, Shopify at 79/mo and Advanced
Shopify at 299/mo with a 14 days free trial for
all plans. Each plan offers online store,
shipping labels, payments, staff accounts
dedicated POS and more tools.
Take control of your retail experience with
features like payments, host checkout, accept
discounts, store management, products catalogs,
smart inventory management, customer management,
integration with third-party applications,
analytics, marketing, 24/7 support, and reporting.
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• Lightspeed Retail POS
• Best for Enterprise

Lightspeed also offers a countertop POS and an
mPOS interface, enabling you to complete checkout
from anywhere in the store. Lightspeed Payments
allows you to accept payments quickly and
securely at the price of 2.6 plus 0.10 per
transaction and 2.6, plus 0.30 for keyed-in
transactions.
Lightspeed Retail POS is the most suited Retail
POS system for retailers that are doing
high-volume of transactions with multiple
locations.
Lightspeed Retail POS can also be integrated with
third-party apps and includes a featured partner
Booxischeduling and booking software to optimize
your appointments and rental management.
Lightspeed offers five different packages from
Basic to Pro versions. The Basic Package starts
at 69/mo with POS and Lightspeed in-house
payment processor (Lightspeed Payments) to
process sales payments. The Starter Package cost
is 99/mo with POS, LightSpeed Payments and
eCommerce to manage inventory, sales reports,
shipping, customer data, marketing and much more.
The Standard Package cost is 119/mo and includes
POS, Lightspeed Payments, eCommerce and
simplified Retail Accounting for your store. The
Advanced Package cost is 169/mo and includes
POS, Lightspeed Payments, eCommerce, Accounting
and Loyalty Rewards Program with a branded
customer-facing web-app to track points. The Pro
Package cost is 229/mo and includes all other
packages services with additional Analytics to
examine your inventory, customer experience and
staff performance to optimize business
performance.
The POS hardware for Lightspeed Retail have an
iPad hardware kit and a desktop hardware kit. The
iPad hardware kit includes a LAN receipt printer,
cash drawer, bluetooth scanner, Lightspeed iPad
stand, and receipt paper. The desktop kit
includes a USB receipt printer, cash drawer, and
USB barcode scanner. Youve to request a quote
for hardware kit prices and you have to purchase
a separate Verifone MX915 terminal.
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• Key Factors to Consider in a
• Retail POS System

• Now you get to know the best Retail POS Systems
  available, however, there are other things should
  consider before selecting a POS for your retail
  store. Here are the key factors you should be
  considering while finding the best POS system for
  your retail business

POS setup cost and hardware compatibility
Customer payment options
Accounting capabilities
The features your business require
POS mobility
Integration with third party apps
Preference for cloud software vs physical software
Inventory management capabilities
The POS hardware and software cost
Employee management capabilities
POS Payment processing fees
POS setup cost and hardware compatibility
POS training procedures
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Usability and reporting
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• Finding the Best Retail POS System

After reading this article, we hope you
acquainted with the best Retail POS systems in
2020 along with the features to behold while
youre on the look for the best POS system for
your retail store, after youre ready to take the
next step.
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