10 Winner POS Systems for Businesses that Thrive

The Point-of-Sale system, popularly known as POS, is one of the must-have tools of business owners who want their businesses to thrive. 54% of businesses now use POS to process transactions, and the total number of POS users is expected to reach 85.6m by 2025.

Why is POS the current most sought-after tool for many business owners? What advantage can POS have on your business? And what are the top POS systems to use?

This article answers all these questions in detail.

What is a POS system?

A POS system is an electronic device used by business owners to accept credit card payments and complete business transactions. A POS system is equipped with a POS terminal and software that enables sales transactions to take place.

How can a POS system improve sales for your business?

As a business owner, your ultimate goal is to reach your sales goals. And the way to go about it is to ensure you create a seamless experience for your customers and perform business transactions efficiently.

The good news is that a POS helps you achieve this and much more. Let’s check out the different ways a POS system can help grow your business.

Increased productivity

A POS system helps you get more things done.

Rather than checking balances and accounts for business transactions with manual documentation, you can easily automate all these activities with a POS system.

This means you won’t have to spend so much time trying to document daily transactions because your POS system does all the work for you.

Through this, you have enough time to focus on other aspects of your business that matter.

You will give more attention to your customers during purchases and satisfy them with top-notch customer service. The result of this? A great customer experience that paves the way for high customer retention.

Provides you with actionable data

One of the invaluable assets a business owner can have is access to vital data.

Besides providing you with your customer data, a reliable POS system gives you insights into what you have in stock and the items running out of stock.

This means you will never run out of stock on any purchase unaware, making you a dependable business owner for all your customers.

Your customers can always count on you when they need you, which increases your chances of getting high returning customers.

What’s more? You can work with the stock data your POS system provides you with to know what goods are doing well and what goods are not.

With this, you know what item to stock more and what things to put on hold. This reduces the rate of damaged goods and ensures you don’t run at a loss in your business.

Keeps your customers updated

A POS system isn’t just a medium for you to complete sales transactions with your customers. You can maximize the POS functions to impact your business by making it an effective marketing tool.

To make this happen, you can install the capture feature on your POS device to keep your customers abreast of the latest offers and promotions or new products available.

With this strategy, you can guarantee your customers will never miss a thing on your offerings and products. This simple technique can contribute to increasing sales for your business.

10 Highly sought-after POS systems for your business in 2021

When purchasing a POS system for your business, it’s important to opt for one that provides you with all the functions your business needs to excel. Below are the ten most coveted Point of Sale systems for 2021 to consider.

1. Lightspeed

Lightspeed is one of the best Point of Sale systems for businesses that manage large and complex inventories.

Lightspeed helps you create several product bundles, put multiple variants in different sections, and run numerous orders from a centralized catalog.

Lightspeed gives you detailed analytics on items’ costs and items running out of stock so you can stock up before things run out.

You can access reports from any location and track your inventory from anywhere. Lightspeed offers the convenience that makes trading easy for small and large businesses.

What’s more? Lightspeed comes with an easy-to-use platform that makes transactions easy, and you won’t have to break a sweat to train your staff to sell and take payments anywhere.

2. Square POS

Square POS is one of the most prominent POS systems used worldwide. One of the main reasons Square POS is among the top list of the best POS systems is its flexibility.

Its flexibility allows you to accept payments en-route or through standup terminals.

Whether you own a coffee shop, grocery store, or you run an online business, Square POS allows you to complete your sales transactions in the most convenient way for you.

You don’t have to purchase POS hardware if you don’t want to; you can convert your phone to your POS solution. There are also several options to choose from to suit your needs if you want a POS hardware system.

3. Helcim

Helcim Card Reader is famous for its multi-functionality.

It doesn’t only allow you to make online transactions wirelessly; it allows you to create and design your store online.
With easy-to-use templates and interfaces, you don’t have to be a designer or web developer to set up your website in minutes.

Helcim also enables you to make and accept payments from all your devices.

This means you don’t have to always be on your desktop or in your store to take and complete payments; you can make sales transactions while you are on the go, on your tablet, or mobile phone.

4. PayCafe

PayCafe is among the best POS systems to use if you plan to run your online store simultaneously with your physical store.
It enables you to complete your sales transactions from one place by allowing you to make and receive payments from online transactions and physical transactions.

PayCafe also provides you with reliable data to work with. It gives you insights on your customers’ transactions, and how well your store is doing so you can make changes and devise new strategies for what works and what doesn’t.

5. Shopify

Shopify is among the most common POS Systems among business owners who accept payment transactions across multiple channels.

Shopify POS integrates your business transactions in one place so you can take and make payments seamlessly on any platform.

Shopify POS offers inventory management and detailed analytics. It comes with features that let you sell on social media while you are on the go and also on third-party market platforms.

Due to the effective integration Shopify POS offers for your online store and in-person store, your customers can make payments online and pick up, exchange or return purchased items from your physical store.

6. ShopKeep

Shopkeep is one of the most common POS systems used by small business owners to facilitate business transactions.

ShopKeep is easy and straightforward to use, which gives you and your customers an enjoyable user experience.

ShopKeep also comes with a Mobile App that keeps you updated about your business metrics so you can keep tabs on your business wherever you are.

7. TorchBistro

TorchBistro is a functional POS system for business owners in the food industry. So, if you run a restaurant, club, or bar, TorchBistro is your go-to POS system.

It comes with several functions such as table management, staff management, inventory management, data analytics, and much more.

TorchBistro lets you take orders online with your POS hardware or software. You can also purchase both and use them simultaneously for the success of your business.

8. Revel

Revel is one of the best POS transactions for businesses that run transactions from several platforms.
It offers a centralized system that enables you to take and make payments from different platforms from one comprehensive place.

A unique feature of the Revel app is its ability to enable you to perform transactions even when you don’t have a connection, as it makes use of both the cloud and your local network to store your data.

9. Toast POS System

Toast POS system is one of the ideal POS systems for restaurants as it was explicitly customized for food-based businesses.
It comes with all the functions to facilitate sales for your restaurant business. Such as table mapping, inventory management for ingredients in store, and the feature enables you to take online orders.

Toast offers other features that let you manage your staff effectively. Such as automated payroll and labor reports features.

10. POS Nation

POS Nation is designed to be one of the best POS systems for liquor and convenience stores.

It comes with functional features like actionable analytics on sales and employees—inventory management on carton packs, purchase orders, stock details, and many more.

POS Nation doesn’t only allow you to complete sales transactions and keep track of business activities; it is equipped with built-in ID scanning and age verification features that guide you through selling to the right people.

Conclusion

A POS system is an essential tool to facilitate your business success as it offers flexible payment methods and business analytics. This article discussed the top 10 POS systems you can employ to build a thriving business. Before you proceed to choose your POS system, be sure to check out each review to help you make spot-on decisions.