How much does a POS system cost? A POS price guide in 2024 (2024)

The cost of a POS system is around $3,000–10,000. However, the exact POS price depends on your chosen type of POS hardware, software, and level of customization.

For example, while some POS software can only run on the devices of their brand, open-source POS systems can run on the most popular devices in the market.

In addition, costs vary based on the credit card processing, especially for small retailers. As you can see, many factors can influence the cost of a POS system, so there is no single answer that works for all.

The cost of a POS system can vary depending on its license type. Many providers offer subscription licenses, requiring recurring fees for software usage. Alternatively, some providers offer perpetual licenses, allowing indefinite software use with the option to buy upgrades or support.

Magestore offers both license types. Magestore POS for Magento operates on a one-time payment model, giving merchants ownership of the system, customizations, and data. Conversely, Magestore POS for Shopify operates on a subscription basis, aiding small and medium businesses in saving monthly operational costs until they require a more complex system.

When researching the cost of POS systems, it’s important to consider the various types of licenses available. In the later part of this article, we will discuss more about the types of POS licenses that you may want to consider.

According to a Consumer Research survey, 45% of customers feel very uncomfortable waiting in the checkout line, and 20% find that this happens quite often. Therefore, a user-friendly POS system ensures smoother day-to-day operations, resulting in better customer retention and lower maintenance costs. Thus, to get the answer to “How much does a POS system cost?”, you need to understand what constitutes a POS price to find the right solution for your business and profitability.

Also read: 6 best POS systems for small business to thrive in 2023

FAQs

How much does a POS system cost? A POS price guide in 2024? ›

Most small retail shops spend $0 to $99 per month for POS software, pay $30 to $800 for mobile readers or tablet-run registers and pay card fees based on sales volume. You can build a free POS system using the free Square POS and free mobile card reader and your only ongoing cost is credit card processing fees.

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What is the average cost of a POS system? ›

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How much does a self checkout POS system cost? ›

One company offers monthly POS software fees ranging from $0 to $165 and hardware costs from $0 to $1,234. Another charges monthly POS software fees between $69 and $399. A third company's monthly POS software fees start at $0 and go up to $89, with hardware costs reaching over $1,500.

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What is a POS fee? ›

Point of Sale (POS) Glossary

Transaction fees are the charges that a business must pay for processing a customer's electronic payment. When a buyer uses a credit or debit card at a point of sale terminal, a payment processor may charge a transaction percentage plus an additional fixed amount.

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How much does a restaurant manager POS system cost? ›

The range of costs for restaurant POS systems typically falls between $60 - $250 per month for software. In addition to those monthly fees, hardware costs are often a one-time fixed cost starting at $700.

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Why is POS so expensive? ›

Payment Processing Fee

On top of paying for POS hardware and software, you have to pay for a processing fee on every transaction — which is typically carried out by a third party. However, some POS providers serve as their own card processors and take an additional cut beyond their monthly fee.

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What POS system is the cheapest? ›

#1. Square POS: Best for Cheaper Monthly Rates. Square is an attractive option with a free subscription and a streamlined interface. It offers accessibility to startup businesses with low initial investment and financial burden for merchants.

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How much is Quickbooks POS cost? ›

$1,200 one-time fee for POS Basic. $1,700 one-time for POS Pro. $1,900 one-time for POS Multi-Store.

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How do POS systems make money? ›

Some POS companies that don't act as processors still charge a small transaction fee on top of your credit card processing costs. Another way that the company could make money is by earning commission for referring your business to a particular credit card processor.

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How much does it cost to buy Square POS? ›

Getting started with Square's point-of-sale solutions can cost anywhere from $0 (yes, it's a free POS system when using our reader and a preexisting iPad) to $799 for Square Register.

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What percentage of restaurants use POS systems? ›

While nearly 9 in 10 operators (87%) use a POS system, the vast majority are still using a legacy system. Only 6% report using a cloud-based POS system. Meanwhile, usage of other software solutions, such as accounting platforms, loyalty programs, and employee scheduling software sit at 25% usage or less.

How much does a POS system cost per month? ›

POS software can range in price from $0 to over $200 per month, depending on your needs. Although free POS software can be great for newer businesses, you may need to upgrade to paid software in order to access many features that are industry-specific or that may help your business scale.