What is free point of sale software?
Free or open-source POS software is software that is available for free. Free point of sale software means that it is free to download and use. <br> A Point of sale software is an important business tool that many businesses, including retail stores, restaurants, coffee shops, and bars use to manage their inventory and transactions. A POS system is a combination of POS software and POS hardware. POS software work with a host of POS hardware, including display monitors, card readers, barcode scanners, receipt printers, etc. <br> Small businesses on a limited budget are always looking for innovative ways to save a buck here and there. Free POS systems like Plum POS and Square POS may be a good option for businesses that have limited products or transactions. Free point of sale software offers the same features as paid software, but it's free to use. Typically, POS software needs associated hardware including cash registers, card readers, scanners, and touch screen tablets that business owners need to pay for. Many POS providers offer free POS software with different sets of features. Typically, a free version of POS software offers at least a cash register and inventory management features. <br> There are several free point-of-sale (POS) systems available in the market - each one offering different sets of functionalities. More or less, retail POS systems have similar features but some functionalities differ for different types of business. For example, retail store POS systems have robust inventory and employee management, sales reports, and customer service features, while restaurant POS systems require sound customer management, kitchen display system, and table management features, among many more. On the other hand, online store POS systems have cloud-based capabilities that allow store owners to access information 24/7 from any computer. With cloud-based POS software, small businesses can accept credit card payments and access sales reports in real-time whenever required.
Pros and Cons of Free POS Software
New businesses or start-ups such as restaurants and retail stores that are unsure of which POS system to choose from can opt for free point of sale software. Many experts recommend companies to use free <a href=//plumpos.com/blog/how-to-get-a-free-pos-system-for-your-business-a-step-by-step-guide.html>Point Sale</a> software as a way to save money and time.<br> There are many reasons to use free point of sale software for your business. It's affordable, available, customizable, and flexible. It is possible to find free point-of-sale software to suit businesses of any size -from the smallest of start-ups to the largest of corporations.<br> Several credit card processing providers offer free POS software to small business owners when they opt for their services, meaning you don't need to pay a subscription fee or an upfront payment for using POS software. This can be the right option if you are a first-time user of a POS system. Before investing in a full-service POS system, you can first choose a POS system that provides a free trial.
Pros of Free POS Software
Here are a few benefits of a free <a href=//plumpos.com/free-pos-software.html>Point Sale</a> system-<br> Cut down on cost- Buying a POS system can cost you hundreds of dollars. Small businesses and start-ups that perform fewer transactions can opt for a free POS system to start with. Later, they can upgrade to a full-fledged POS system when their operations expand.<br> No long-term commitments- When you buy a POS system, you enter into a POS contract with the credit card payment processing. But with a free trial version, business owners can switch to other service providers without entering a contract. <br> Quick checkouts- With a free POS system, businesses that do not process a large number of credit card payments will be able to process payment processing faster, even if it is on an entry-level. Plus, if you do not need added tools a paid plan provides, such as customer management, third-party integrations, and inventory management, a free POS software can be the ideal choice for you.
Cons of Free POS Software
We just listed a few advantages of free POS software. However, free POS software may not always be free of cost. Typically a POS software may be available for free, but you may be charged an additional fee for using the associated POS hardware for some features of a POS system. <br> There are some downsides of a free POS system, a few are listed below- <br> Card processing fees- When you opt for a free POS system, you might not be required to pay a monthly subscription payment, the setup amount, or the associated POS hardware fees, but you still need to pay for credit card processing fees per transaction. Typically free plans restrict you from choosing a card processor of your choice and their card processors charge higher than their counterparts. A free POS may cost you more if you process a large number of credit card transactions. <br> Limited Usage- Free POS systems may limit the number of users and terminals as well as inventory items for a business. Free POS software is best-suited for small businesses that offer limited products and process a small number of credit card transactions.<br> Fewer features- Typically, free POS systems provide some basic features free of cost and offer several standalone tools that need subscription fees to unlock, such as inventory and customer management, and sales reports.
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How to Choose a Free POS System
We now know that many free POS software options are available that have their benefits and downsides. Before selecting a POS system, the retailers must know the best free POS system to fit their requirements. <br> Here is a list of important factors that you need to consider before choosing the right free/open-source POS system- <br> Determine the number of transactions a free POS software can process at a given time. Remember that some merchant accounts fail to process credit card payments efficiently and delay as a result.<br> Make sure that if your POS system can have capabilities to work with foreign currencies if you have customers from other countries than the United States.<br> Determine your POS requirements before you select a free POS system. Free <a href=//zipschedules.com/restaurant-technology/restaurant-pos-software.html>Pos Systems</a> have limited capabilities and may lack features that may be essential for your business needs. With a wrong POS system, you may end up spending time processing payments manually. <br> Many free merchant accounts do not provide customer support services. Look for a retail POS system that has easy use features and provides customer support services. <br> Make sure that your POS software has a user-friendly design and user interface that requires minimum training. With limited customer support, many new businesses may find it hard to operate a tacky POS system.
Best Free POS Systems for Restaurants
If you operate quick-service restaurants with few customers, a free POS system may be a good option for you. But if you have a full-service restaurant and require advanced features like tab management, and table management, and advanced inventory tracking, a free POS software with limited features may not be able to fulfill your requirements. <br> Below are some of the best free POS software features-
Plum POS is a free, intuitive <a href=//hubworks.com/blog/the-history-of-the-pos-system-in-better-business-management.html>Point Sale</a> software with a user-friendly interface suited for retail stores and restaurants. It is a cloud-based POS system with the Any Connector feature that can communicate with various POS hardware such as kiosks, digital signage, and handheld devices, making it one of the best free POS systems. It offers a 30-day free trial with a range of standard connectivity ports for retail POS and hospitality applications.
Loyverse is a free mobile POS software that is compatible with iOS Android devices. Loyverse POS allows you to manage multiple store locations and download a host of free add-ons. You can take credit card payments through its credit card processor Vantiv. Loyverse provides employee, inventory, and customer management, kitchen display, and customer loyalty program with its 14-day free trial.
Square POS is a free, easy-use POS software that allows you to accept payments via credit cards, debit cards, cashless, contactless, and digital payments with Apple Pay, Samsung Pay, and Google Pay. Square POS offers free credit card readers when you sign up for any of its plans. Square POS provides inventory management, sales analytics, customer and employee management, and a host of third-party integrations with its free plan. However, Square charges a processing fee of 2.6% plus $0.10 per transaction. You can upgrade to its Square Retail and Restaurant software that costs $60 per month per terminal
eHopper POS is a free, feature-rich POS software ideal for small retail stores and quick-service restaurants. It is a web-based POS software suited for Windows PC. It offers free card processing that gives it an advantage over its competitors. However, it does provide customer support with its paid plan only.
LightSpeed POS is a cloud-based iPad POS that allows you to download several free, built-in add-ons for inventory tracking, create customer accounts, reports analytics, and manage customer loyalty programs. With LightSpeed POS, free third-party integration is available for inventory modifiers, accounting software, and online ordering.