What is POS Terminal supplier and Why Do We Use Them?

Author: Grace

Sep. 01, 2025

What is a Point of Sale Terminal? Top Picks () - Shopify

A point-of-sale (POS) terminal is the heart of your retail business. It's where you process payments, build customer relationships, and gather insights that help your business grow.

Read more

Today's POS terminals do much more than ring up sales. The right system helps you understand your customers better, manage inventory across channels, and make smarter business decisions. But with so many options available, choosing the right one can feel overwhelming.

This guide breaks down everything you need to know about POS terminals—from essential features to real examples of how retailers use them to succeed.

What is a point-of-sale terminal?

A POS terminal is a hardware device used in retail businesses to process transactions. It serves as a central hub for accepting payments, managing inventory, and generating sales reports. POS terminals streamline the checkout process and provide a seamless customer experience.

The “point of sale” is both literally where the sale takes place and shorthand for this software and hardware combination. A POS terminal is also referred to as a POS system, or just a POS.

POS terminals are made up of several key components, including:

  • A smart device, like a tablet or smartphone, that runs the POS software
  • A barcode scanner, which can be paired to the terminal 
  • A payment terminal, also known as a card reader, that processes all kinds of payment methods, including credit and debit cards, gift cards, and mobile payment options
  • POS software, which enables these tools to work together and performs all of the functions described below

Types of POS terminals

There are two main types of POS systems: countertop (or cash wrap) terminals, and mobile POS terminals. While countertop terminals are the long-established point-of-sale system, mobile POS terminals are gaining popularity. Many retailers are opting to use a combination of both at their stores. 

Here’s an overview of the similarities and differences between countertop and mobile POS terminals. 

Countertop terminals

A countertop terminal, or cash wrap terminal, is what we traditionally think of when we think of a POS at a checkout counter. The setup consists of a screen (often a tablet), a card reader, a barcode scanner, a cash drawer (though some businesses have phased this out), and a receipt printer. 

Depending on its size, a store may have one or more cash wrap terminals. These terminals stay in one place.

Mobile terminals 

This alternative to a stationary cash wrap is becoming increasingly popular among retailers and their customers. As the name implies, mobile POS systems usually run on small, handheld mobile devices for maximum convenience.

They have all the same features as a cash wrap terminal, but without a cash drawer. You can still collect cash payments with a mobile system if you have a cash register somewhere in your store. Mobile POS terminals let you help customers while they shop, give personalized recommendations, and look up inventory without interrupting the shopping experience.

Meet the point of sale for every sale

Only Shopify unifies your sales channels and gives you all the tools you need to manage your business, market to customers, and sell everywhere in one place — in store and online.

Discover Shopify POS

What is a POS terminal used for?

A POS terminal streamlines the sales process for businesses. It allows them to process and manage transactions where a customer makes their purchase.

POS terminals vary in complexity and functionality, but their primary functions generally include:

Clienteling 

Your POS system isn’t just for ringing up sales—it’s a powerful clienteling tool for creating meaningful connections with your customers. The best POS terminals unify customer data to personalize the shopping experience. 

Shopify POS, for instance, offers innovative hardware with flexible clienteling features that let staff see customer preferences, past purchases, loyalty points, and more at checkout. With this data, store associates can recommend products customers actually want, follow up with personalized offers, keep interactions seamless across every channel, and drive sales.

Home furnishings retailer Jenni Kayne is proof that this strategy works. Its customers shop across multiple channels, often taking months to decide on big purchases. Migrating to Shopify helped the brand unify their customer profiles, giving retail associates access to detailed insights that help guide shoppers through the buying journey. 

This allowed them to:

  • Offer personalized omnichannel experiences
  • Increase engagement with shoppers 
  • Build deeper relationships with their customers
  • Empower employees to deliver better service

Payment processing

POS terminals can accept multiple payment methods including cash, credit cards, debit cards, contactless payments, like mobile wallet apps and Tap to Pay, and near-field communication (NFC)–based payment methods like Apple Pay and Google Pay. Plus, they communicate with the financial institutions involved to authorize and complete all digital transactions, ensuring that funds are transferred from the customer's bank account to your merchant account.

Babylist is just one retailer benefitting from Shopify’s reliable payment processing. As the brand grew, it needed a POS system that could integrate its disjointed inventory data before opening its first permanent retail location. Shopify POS’s unified commerce stack seamlessly connected Babylist’s online and in-store experiences while its payment processing allowed the retailer to take payments quickly and easily, giving customers a frictionless shopping experience. 

Inventory management

A POS terminal stores your product catalog and automatically updates inventory quantities when a purchase is made. To check product availability, you can either scan the barcode on the product or search for the item using its name, SKU number, or a keyword.

Some advanced POS systems can automatically update inventory levels in real time as transactions occur. This helps you monitor stock levels and have enough stock to serve your customers.

Shopify POS, for example, helped Kick Game with its inventory management challenge. The premium sneaker retailer wanted to step from online-only into physical stores, but faced limitations with OpenCart's siloed system. Shopify’s unified system allowed the brand to unify its inventory across digital and physical channels. Now, every time a customer buys a pair in-store, the online inventory updates automatically, helping the brand maintain accurate stock levels across its retail footprint. 

Thanks to the unified view of its store, customer data, and inventory, Kick Game scaled from £2 million to £50 million in annual revenue, maintains an impressive £265 average order value, and can deploy new store locations within 30 minutes.

Data and reporting

Reporting is another way POS terminals facilitate operations. The POS collects and keeps track of data about every transaction and product. It can learn a lot about your business, such as which products are the most popular, when the store is busiest, or which of your staff members makes the most sales. 

Use these analytics for inventory management, sales analysis, generating reports for accounting, tax purposes, and to reach the right business decisions faster.

Printing or emailing receipts

POS terminals can print or send digital receipts to customers electronically via or text upon completion of a transaction. 

Employee scheduling

In addition to managing and monitoring inventory and finances, some POS terminals integrate with retail scheduling tools, which incorporate real-time sales data into the employee scheduling process. This way, retail store managers can accurately forecast busy periods and schedule staff accordingly. 

Loyalty and rewards

A POS terminal with built-in loyalty software enables retailers to reward their best customers. Such systems simultaneously track information on customers’ shopping preferences, as well as data on purchases (e.g., who is buying what items and how frequently). With this data, retailers can design loyalty and rewards programs and ensure a loyal customer base.

carts

Adding items to a shopper’s cart is easy with a POS terminal. You can scan an item’s barcode or search for it in the POS system to add the item to an in-store order. After adding the item to the POS at checkout, the system will calculate the subtotal and total after applying fees, discounts, and tax.

Shopify POS, for instance, offers an  cart feature, which lets a retailer create a cart and send the shopper an with an itemization of what’s in their cart and a link to the store’s online checkout. This allows the shopper to complete their checkout online, after which the transaction appears as a completed order on the Orders page in Shopify.

Bared Footwear, for example, previously juggled multiple online and POS systems to sync inventory. This hampered the brand’s operations, forcing it to close its stores during online sales. 

Switching to Shopify POS solved the retailer’s critical operational challenges while enhancing the customer experience through carts. Store associates can now send pre-loaded carts directly to customers' emails, allowing them to shop on their own terms while maintaining a connection between in-store interactions and online sales. 

“These fulfillment options wouldn’t be possible if our store inventory, orders, and checkout wasn’t linked to our online store checkout like it is with Shopify,” says McNab. “It’s a much better experience for the customer and helps secure sales that may have otherwise been lost.”

The future of retail: why unified commerce is no longer optional

New research shows businesses using unified commerce platforms like Shopify POS see 22% better total cost of ownership and 20% faster implementation. Learn what this means for your retail strategy.

Get the report

How a point of sale terminal works

  • Checkout
  • Payment collection
  • Authorization
  • Completion of sale
  • Settlement

Checkout

A shopper selects an item to purchase and approaches the checkout counter or POS terminal location. Cashiers can scan the item’s barcode, or look up products in the POS system based on their category, name, or SKU number and manually enter the information into the terminal. 

Payment collection

The POS terminal automatically calculates the total bill, including any fees or sales tax. The customer then chooses their payment method, which may be credit card, cash, mobile payment, etc. Depending on the method they choose, they can insert, swipe, or tap their card (or ) on the POS terminal—or give their cash to the cashier. 

Payment authorization

With any digital payment, the card reader captures information from the card or digital wallet and transmits it to the payment processor. Then, the POS terminal sends an authorization request to the acquiring bank (the merchant’s bank) through the payment gateway.

The acquiring bank forwards the request to the card network (e.g., Visa, MasterCard), which then sends it to the issuing bank (the customer’s bank) for verification. 

The issuing bank checks the card or digital wallet details, verifies the availability of funds, and approves or declines the transaction. This decision is sent back through the card network to the acquiring bank, and finally, back to the POS terminal.

Completion of sale

If approved, the POS terminal prints or sends a receipt if requested, and the cash drawer (if used) opens for any cash back. If declined, the POS terminal displays an error message, the cashier will request another form of payment from the customer.

Behind the scenes, the software logs the transaction, deducts the item from the inventory, updates stock levels, and feeds the data into the system’s reporting and analytics. 

Settlement

At the end of the day, the business performs a batch settlement. The POS system sends all approved transactions to the acquiring bank, which then processes the payments and transfers the funds to the merchant’s account.

Best POS terminals for retailers


Shopify POS

Shopify POS is a comprehensive POS system that works in-store and online, simplifying daily operations and helping you build customer relationships. 

The Shopify POS terminal comes equipped with an array of robust features, including advanced inventory management, staff performance tracking, ecommerce integrations, built-in payment processing, and reporting and analytics tools. 

You can capture customer data with each sale, and the terminal will update orders and stock levels. This makes it easier for you to build customer profiles, nurture lasting relationships, and create targeted and impactful marketing campaigns.

Shopify POS also lets you integrate your physical store sales with your online sales. You can also benefit from its omnichannel selling feature to sell everywhere, track sales, and get retail reports on your business’s performance. Not to mention, when everything is connected, you can easily leverage omnichannel opportunities, like allowing customers to pick up online orders in-store.

The best part? Shopify offers flexible payment options for quick and easy payment processing. This includes contactless and digital payment methods, like Tap to Pay, which turns your smartphone into a mobile POS terminal, bypassing the need for a cash register. You can check customer data, process transactions, and take contactless payments from a device you already own.

Popular features

  • Omnichannel selling
  • Intuitive and fast checkout
  • Smart inventory management
  • Complete customer profiles with order history
  • capture
  • Secure and reliable POS hardware
  • Shopify Payments
  • Tap to Pay with iPhone
  • Staff management
  • Ecommerce integrations
  • Reporting and analytics tools

Price: $349

Square POS

Square POS is a cloud-based system that includes a built-in payment processor and ecommerce tools. The terminal’s ecosystem includes a wide range of features that let you scale your retail business easily. 

Square also offers marketing, inventory and team management, and reporting tools in both the desktop and mobile POS. The terminal also includes Photo Studio—a free photo-taking and editing app for iPhone that lets you take photos for marketing or to improve the look of your online store. 

Popular features

  • Integrated marketing tools
  • Square appointments
  • Photo Studio
  • Inventory and team management

Price: $299

Instant demo: See Shopify POS in action

Discover how Shopify POS helps you manage in-store and online sales from one powerful platform.

Try now

Lightspeed

Lightspeed POS is a cloud-based commerce platform with inventory and analytics tools for retail and restaurant businesses. The terminal is easy to use and enables retailers to manage stores, teams, suppliers, and inventory from one place. 

Lightspeed POS also comes with ecommerce functionalities, reporting capabilities, and integrations with popular business apps, like Xero, Gusto, BigCommerce, and Mailchimp.

Popular features

  • Inventory tracking and automated reordering
  • Built-in analytics and reporting
  • Ecommerce integrations
  • Supplier and team management

Price: From $359

Clover 

Clover POS is an all-in-one terminal suitable for small businesses, such as retailers, service businesses, and restaurants. The terminal comes with the Clover Go app, which lets you manage your business from anywhere by creating orders, accepting payments, and texting receipts to your customers.

Popular features

  • Customer loyalty programs
  • Employee management tools
  • Cloud-based reporting dashboard

Price: $599-$799

KORONA POS

KORONA POS is a cloud-based POS that’s desgined for businesses with special processing needs or those shopping around for the lowest rates. 

It’s equipped with ID scanning for age verification and security, and loss prevention tools to minimize losses of any kind, including spoilage, shoplifting, supplier mistakes, and internal theft.

Popular features

  • Offline functionality
  • Inventory tracking
  • Automated ordering and reordering
  • Customizable reporting tools

Price: $69 per month

Helcim 

Helcim POS is a standalone terminal that comes with a free POS. It combines payment processing, inventory management, and customer relationship tools in one system, which you can use through its Smart Terminal, credit card machine, or directly on a smartphone, giving you flexibility for various business needs. You can run your payments through a single device and benefit from low rates and no monthly fees or contracts.

Best features

  • Real-time inventory management
  • Customer purchase history tracking
  • Fee Saver
  • Integrations with accounting software

Price: $329.

PayPal Zettle

PayPal Zettle is a budget-friendly, portable POS terminal that lets you take card, digital, and other popular payment types with low processing fees. It might not have the fancy bells and whistles of bigger systems, but it can get you up and running quickly with essential features to track inventory, monitor staff productivity, track sales, and receive automatic reports.

Best features

  • Built-in barcode scanner
  • Staff management
  • Sales tracking and reports

Price: $199 (POS terminal only)

Stripe Terminal

Stripe Terminal is a customizable POS with EMV-certified hardware options and features such as sales tracking, end-to-end encryption, and cloud-based device management. It works seamlessly with all payment methods from traditional cards to contactless options, enabling customers to pay how they want across 23 countries.

Best features

  • Pre-certified hardware
  • Developer-focused tools
  • Cloud-based device management

Price: From $59

How to choose the best POS terminal

Which type of point-of-sale terminal is right for your business? Is it a countertop (cash wrap), a mobile POS, or a combination of both? The last thing you want is to get stuck with something that’s not the best fit for your business. 

Apart from the industry-specific features, here are six factors to consider when shopping for a POS terminal for your business.

Payment methods

Select a POS terminal that lets you accept all major debit and credit cards, digital payments such as Google Pay and Apple Pay, and online or contactless payments, like Tap to Pay, to complete customer transactions. Most POS terminals accept several payment methods, but some allow users to pay with gift cards or even split the payment among multiple payment methods.

When you make it easy for shoppers to pay you, they tend to buy more, which can earn you more repeat business and improve cash flow.

Fees

POS terminals combine software and hardware, so the cost varies. Most POS terminals let you pay either a monthly or annual fee. 

Your payment card processor will also charge a fee for each transaction, in hidden and monthly fees. In many cases, what you pay per transaction will vary based on the credit card the shopper uses. 

Make sure your POS provider offers integrated payment processing. For instance, Shopify Payments is a standard feature in all Shopify POS plans and has no sign-up or setup fees.

Integrations

Managing separate systems for your retail store and website creates unnecessary complexity and can lead to poor customer experiences. The most effective solution is a POS terminal built on the same foundation as your other retail operations, where core functions like inventory, customer data, and payments naturally work together.

From this strong foundation, you can then add specialized tools to customize your business:

  • Accounting apps for detailed financial reporting
  • Advanced scheduling tools for staff management
  • Industry-specific features for your unique needs

This approach ensures your essential retail operations run smoothly on one platform, while giving you the flexibility to add functionality as your business grows.

Hardware compatibility

A great POS system needs to sync with the right hardware, such as barcode scanners, card readers, receipt printers, and more. Some POS systems force retailers into expensive, proprietary setups, which limit flexibility. Shopify keeps things flexible by offering hardware compatibility that lets you choose the best tools for your business.

Flexibility

Some POS terminals have an offline mode and local data storage, which gives retailers flexibility and assurance of continued operations in the absence of an internet connection. Check whether the POS terminal you’re considering can work offline and has built-in security measures and back-up procedures to protect data during offline transactions.

Security 

Retail businesses handle sensitive personal data and payment information. 

Shortlist options that have the latest security features, such as end-to-end encryption, user authentication, and data tokenization, and are compliant with all laws and regulations, particularly the Payment Card Industry Data Security Standard (PCI DSS). 

Safeguarding such sensitive data and information protects your business from security breaches, unauthorized access, and cyber threats, while reducing the risk of fraud.

Process in-store payments with your POS terminal 

From mobile POS terminals to stationary cash wraps, and a la carte hardware setups to out-of-the box payment solutions, you have many options as a business owner. Whatever your business needs are, Shopify has a POS terminal solution for you.

What Is a POS Terminal? - NerdWallet

You’re our first priority.
Every time.

We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners.

What Is a POS Terminal?

A point-of-sale terminal allows businesses to process payments. Here's what to know, and which one you need.

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Updated Apr 20, · 3 min read

How is this page expert verified?

NerdWallet's content is fact-checked for accuracy, timeliness and relevance. It undergoes a thorough review process involving writers and editors to ensure the information is as clear and complete as possible.

Written by  

Caroline Goldstein is a freelance writer and editor, specializing in small business and finance. Her work has appeared on Fundera, JPMorgan Chase, Prevention, Refinery29, Bustle, Men’s Health and more.

Elanda contains other products and information you need, so please check it out.

Further reading:
On-Board Displays in Transportation | faytech
+ more Edited by  

Managing Editor

20 years of experienceExpertise
  • Small business
  • student loans

Ryan Lane is an editor on NerdWallet’s small-business team. He joined NerdWallet in as a student loans writer, serving as an authority on that topic after spending more than a decade at student loan guarantor American Student Assistance. In that role, Ryan co-authored the Student Loan Ranger blog in partnership with U.S. News & World Report, as well as wrote and edited content about education financing and financial literacy for multiple online properties, e-courses and more. Ryan also previously oversaw the production of life science journals as a managing editor for publisher Cell Press. Ryan is located in Rochester, New York.

Published in
Managing Editor+ more Co-written by  

Lead Writer

4 years of experienceExpertise
  • Home improvement
  • home security
  • estate planning

Dalia Ramirez writes about home services for NerdWallet. She has previously written about estate planning, cryptocurrencies, small business software and other personal finance topics. Dalia has a B.A. in bioethics and critical theory from Wesleyan University. Her work has appeared in publications including The Washington Post, the Los Angeles Times, Bloomberg and The Associated Press. She is based in Los Angeles.

Published in
Lead Writer+ more

Table of Contents

Table of Contents

A point-of-sale, or POS, terminal is the hardware that enables merchants to process payments to complete a customer purchase. Cash registers are the classic example. But modern POS terminals can range from smartphones with plugged-in card readers to countertop terminals that print receipts, scan bar codes and more.

POS terminals are part of your overall point-of-sale system, which includes all relevant hardware and software. The best POS systems can do more for your business than just process payments, offering additional capabilities like inventory management and employee management.

» MORE: What is a POS?

advertisement

 Featured card placement may be affected by compensation agreements with our partners, but these partnerships in no way affect our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners.Square

Square

NerdWallet Rating   5.0Starting At   

2.6% + 15¢

in-person; 2.9% + 30¢ online.  

Read ReviewLearn more

on Square's website

What does a POS terminal do?

A POS terminal processes different types of possible payment methods. Ideally, the terminal you choose for your business can accept all of the following payment types:

Chip

Due to their increased security measures, chip cards embedded with EMV technology are growing in popularity in the U.S. In fact, under EMV compliance guidelines, fraud liability falls on the party with the less advanced payment type, so terminals that can’t accept “dip” cards are more likely to pay out for fraud losses.

Magstripe

Even though credit card companies are phasing out credit cards equipped solely with magnetic strips, magstripe cards are still widely used. Thankfully, it’s easy to find chip and swipe card readers on the market.

Contactless payment

More and more consumers are using credit cards with contactless payment technology, as well as NFC-enabled digital wallets like Apple Pay and Google Pay. This method is significantly faster and more hygienic than most other methods, and the revenue from contactless payments is projected to reach $6.25 trillion by , according to a study by analysis platform Research and Markets.

Online payments

If you have an online store in addition to an in-person shop, your POS terminal should accept online payments as well as physical card transactions.

If your business is exclusively online, you don’t need a physical POS terminal. E-commerce businesses run with a merchant account and a secure payment gateway, which you can acquire through separate providers or bundle together through a POS provider like Stripe or Square.

» MORE: What is a third-party payment processor?

Other POS terminal features

POS terminals streamline the sales process by doing much more than simply processing payments.

Payment add-ons

After accepting payment, POS terminals can offer customers the option of choosing whether to receive a digital receipt (either via text or ), a printed receipt or no receipt.

Terminals can also present pre-calculated tipping options that customers can choose by tapping on that same user-friendly screen. Most POS terminals can also provide refunds, tax calculations and sales discounts and allow you to set up recurring payments or create invoices.

Daily operations

Many POS systems on the market offer accompanying features to aid business operations that are managed through that same payment terminal. These include inventory management, insights on sales trends and customer behaviors, employee scheduling and wages, marketing and more.

Integrations

You may also be able to integrate other apps you use for your business with your POS system. For example, Clover integrates with apps like MailChimp, Gusto, Xero, Yelp and others, turning your POS terminal into a hub for all your business management needs, from emails to reviews to accounting.

» MORE: Cheapest credit card processing companies for small businesses

Choosing the right POS terminal for your business

Different businesses have different needs from a POS terminal. Consider the following to help determine which terminal is right for you:

Business type

Brick-and-mortar stores should prioritize a countertop POS over a mobile POS system, or vice versa if you’re not attached to a physical location. Most POS software is compatible with mobile devices like smartphones and tablets and can be paired with a card reader to make your smartphone into a smaller-scale POS terminal.

Restaurants may benefit from self-service terminals for customers for easy ordering and payment, while retail stores often prefer a terminal with advanced inventory management. Small service businesses work well with terminals that have scheduling and check-in features.

Payment method

At a minimum, your POS terminal should be able to process NFC, magstripe and chip cards. Some businesses rely on QR-code payments and peer-to-peer payment apps, which some terminals are equipped for.

E-commerce businesses will need to be able to accept online payments, too, which requires a merchant account and a payment gateway — or an all-in-one solution, like those from Square and Stripe.

Cost

Finally, consider the price you’re willing to pay for your POS terminal. Keep in mind that in addition to the hardware itself, you might also need to pay a subscription for any software you choose, as well as per-transaction payment processing fees.

Small, mobile retail shops can function with a smartphone-and-reader terminal, while restaurants and larger businesses may need to invest in a larger system.

Best POS terminals for small-business owners

Square: Best overall

Payment processing fees:

  • 2.6% plus 15 cents for in-person transactions with all free plans.

  • 2.6% plus 10 cents for in-person transactions with paid restaurant plans.

  • 2.5% plus 10 cents for in-person transactions with paid retail and appointments plans.

  • 2.9% plus 30 cents for online transactions.

  • 3.5% plus 15 cents for manually keyed transactions.

  • 3.3% plus 30 cents for invoices.

Monthly fees:

  • $0 for Square POS, Restaurant, Retail and Appointments Free plans.

  • $29 for Square Appointments Plus plan.

  • $69 for Square Appointments Premium and Square Restaurants Plus plans.

  • $89 for Square Retail Plus plan.

  • $165 for Square Restaurant Premium plan.

  • Custom pricing for Square Retail plan.

Hardware cost:

  • $0 for Square magstripe-only card reader ($10 for each additional reader) or if using Tap to Pay for iPhone (iPhone not included).

  • $59 for Square Reader contactless and chip card reader.

  • $149 for Square Stand iPad POS or Square Stand Mount (iPad not included; monthly financing available).

  • $149 for Square Kiosk for self-serve ordering.

  • $299 for Square Terminal mobile card reader with built-in printer (monthly financing available).

  • $399 for Square Handheld portable POS system with built-in barcode scanner (monthly financing available).

  • $799 for Square Register two-screen system (monthly financing available).

Why we like it: With Square, you can choose among several hardware options and benefit from Square’s free POS app with built-in payment processing capabilities. The company’s upgraded plans can track and manage inventory across various locations, create custom reports, scan bar codes for faster checkout and more.

Shopify: Best for online retailers

Payment processing fees:

  • 2.5%, 2.7% or 2.9% plus 30 cents for online payments for Advanced, Shopify or Basic plan, respectively.

  • 2.4%, 2.5% or 2.6% plus 10 cents for in-person payments for Advanced, Shopify or Basic plan, respectively.

Monthly fees:

Shopify e-commerce plans:

  • $29 for Shopify Basic when billed annually (or $39 when paid monthly).

  • $79 for regular Shopify when billed annually (or $105 when paid monthly).

  • $299 for Shopify Advanced when billed annually (or $399 when paid monthly).

  • Custom pricing for Shopify Plus.

  • All e-commerce plans come with POS Lite for selling in-person. Upgrading to POS Pro for brick-and-mortar businesses costs an extra $89 per location.

Shopify’s alternative solutions for mainly selling in-person:

  • $5 for Starter plan, which includes one POS Lite location.

  • $79 (when billed annually) for Retail plan, or $89 when paid monthly; includes one POS Pro location.

Hardware cost:

  • $49 for Tap & Chip card reader.

  • $219 for Tap & Chip countertop kit (iPad not included).

  • $349 for Shopify POS terminal.

  • $459 and up for POS terminal countertop kits.

Why we like it: Shopify POS is a great option for retail shop owners, whether they’re running brick-and-mortar or e-commerce operations. With the Shopify POS terminal and app, store owners can accept a variety of payments, including credit and debit cards, gift cards, store credits, split payment and partial payment. You can also apply discounts and automatically calculate taxes and tip during the checkout process. Shopify’s robust inventory management is another standout feature.

Clover: Best all-in-one mobile POS terminal

Payment processing fees:

  • 2.3% plus 10 cents for in-person transactions on Full-Service and Quick-Service Restaurant plans.

  • 2.5% plus 10 cents for in-person transactions on Retail Standard and Advanced plans, Professional and Personal Services Standard and Advanced plans, and the Home and Field Services Advanced plan.

  • 2.6% plus 10 cents for in-person transactions on the Retail and Personal Services Starter plans and the Home and Field Services Standard plan.

  • 3.5% plus 10 cents for online or keyed-in transactions.

Monthly fees:

  • $0 for Clover Go Payments, Retail Starter and Personal Services Starter plans.

  • $14.95 for Clover Go Essentials, Professional Services Starter, and Standard and Home & Field Services Starter and Standard plans.

  • $84.95 for Retail Standard and Professional, Personal Services Standard and Advanced, and Home & Field Services Advanced plans.

  • $89.95 for Full-Service Dining Starter and Quick-Service Dining Starter and Standard plans.

  • $104.90 for Retail Advanced plan.

  • $109.90 for Full-Service Dining Standard and Quick-Service Dining Advanced plans.

  • $129.85 for Full-Service Dining Advanced plan.

Hardware cost:

  • $199 for chip, swipe and contactless Clover Go card reader.

  • $349 for countertop card reader.

  • $749 for Clover Flex mobile POS with receipt printer.

  • $699 for slimmer Flex Pocket with no printer.

  • $849 for Clover Mini POS.

  • $799-$899 + $25 per month for kitchen display system.

  • $1,799 for Clover Station Solo.

  • $1,899 for Clover Station Duo.

  • $3,499 + $34.95 per month for self-ordering kiosk.

Why we like it: Clover POS has robust mobile and static solutions. The Clover Flex is a standout option for business owners who sell their goods or services on the go — it’s an all-in-one mobile terminal that can accept all types of credit cards (including magstripe, chip and contactless payments). The cloud-based system can quickly deposit funds into your bank account, scan bar codes, capture signatures and track your sales.

FEATURED

 Featured card placement may be affected by compensation agreements with our partners, but these partnerships in no way affect our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners.Square

Square

NerdWallet Rating   5.0Read ReviewLearn more

on Square's website

For more information, please visit POS Terminal supplier.

More like this

116

0

Comments

Please Join Us to post.

0/2000

All Comments ( 0 )

Guest Posts

If you are interested in sending in a Guest Blogger Submission,welcome to write for us!

Your Name: (required)

Your Email: (required)

Subject:

Your Message: (required)