Point of sale software is the heart and soul of every business establishment as it’s an important software where payments are being processed and the company earns money from every purchase transaction. Here are some of the best point of sale software available right now.


20+ Point of Sale Software

1. Infrasys Cloud POS

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Rating: 5/5

Price: Custom

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2. Busy Accounting Software

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Rating: 5/5

Price: FREE

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3. GoFrugal

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Rating: 5/5

Price: FREE

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4. Retailbean Lite

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Rating: 5/5

Price: $201.52/year

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5. O2VEND

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Rating: 5/5

Price: $9.39/month

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6. POSBytz

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Rating: 5/5

Price: $10.73/month

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7. IVEPOS

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Rating: 5/5

Price: Custom

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8. EZRentOut

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Rating: 5/5

Price: $49.98/month

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9. Venmo

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Rating: 5/5

Price: Custom

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10. Square Point of Sale

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Rating: 5/5

Price: Custom

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11. PayPal Here

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Rating: 4.7/5

Price: FREE

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12. FiveStars

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Rating: 5/5

Price: Custom

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13. Booker

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Rating: 5/5

Price: $129/month

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14. Lightspeed Retail

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Rating: 5/5

Price: FREE

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15. NetSuite

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Rating: 4.8/5

Price: Custom

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16. Cin7

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Rating: 5/5

Price: $ 299/month

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17. Odoo

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Rating: 5/5

Price: $6/month

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18. CAKE POS

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Rating: 5/5

Price: $69/month

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19. Square for Retail

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Rating: 4.7/5

Price: FREE

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20. SimpleConsign

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Rating: 5/5

Price: $129/month

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21. TouchBistro

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Rating: 5/5

Price: $69/month

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What is Point of Sale Software?

Point of sale software, or POS software, is an enterprise software where it processes transactions and payments for businesses. Besides processing payments, it also helps businesses keep track of their financial transactions as well as monitoring their enterprise assets such as inventory management, product cost management, and many more. Business establishments such as restaurants, retail stores, e-commerce shops, and retail stores commonly use this software as it’s essential for these establishments to have a point of sale system in place.

Benefits

Back in the day, business transactions would usually involve the seller manually inputting the transactions and accepting cash which can be quite time-consuming and decreases work efficacy. Business transactions are faster thanks to POS system software as the software can intelligently process payments and record transactions a lot faster. The software can also help document transactions and store this information in a centralized software, making it easy for business accountants to record transactions as part of their financial reporting.

The software also helps employees keep track of their inventory management. Instead of manually checking for stock, the employees can simply check for the stock from the POS system. With these benefits, point of sale software can help businesses process transactions at a much faster pace.

Features

The landmark feature of point of sale software is the ability to process payments. The software must be able to process payment from different payment methods such as cash, digital wallets, and bank cards. The processing system is usually quick and fast depending on the speed of the network connection of the intranet infrastructure of the business. The software also records the financial transactions and stores them in its database which is important for financial management and online accounting software. The software also includes an inventory management system where supply stocks, product information, and quantity of items can be displayed and organized for a smooth supply chain and payment check-out. The software should also be able to process and accept vouchers or discounts.

  • Payment processing
  • Financial management tools
  • Inventory management
  • Manage discounts and sales

Top 10 Point of Sale Software

1. CAKE POS

CAKE POS helps restaurants and bakeries with their complete point of sale software with tools such as waitlist management and online orders. CAKE POS is owned and developed by Mad Mobile, which the parent company has 114 employees and earns annual revenue of $10.6 million.

2. PayPal

PayPal’s versatile payment processing software allows businesses to perform business transactions with the software’s high cyber security tools features.  PayPal has 30,501 employees and earned a revenue of $21.45 billion in 2020.

3. Square for Retail

Square for Retail allows retail stores to process payments with their sophisticated point of sale software. Square has 5391 employees and earned a revenue of $9.49 billion in 2020.

4. Lightspeed Retail

Lightspeed Retail provides restaurants and retail stores with their all-in-one cloud server-based point of sale software with features and tools that business establishments need. Lightspeed has 1,545 employees and earns annual revenue of $224 million.

5. FiveStars

FiveStars helps local businesses with their all-in-one payment processing and marketing software that allows them to perform business transactions and establish a customer loyalty program software for their business. FiveStars has 320 employees and earns annual revenue of $46.6 million.

6. Booker

Booker empowers spa and salon establishments with their appointment scheduling software that includes the typical point of sale software features that allows them to process payments easily in a centralized software setup. Booker has 89 employees and earns annual revenue of $12.9 million.

7. EZRentOut

EZRentOut allows businesses to keep track of their rental system with their all-in-one point of sale software. EZRentOut has 40 employees and earns a revenue of $7 million.

8. IVEPOS

IVEPOS helps businesses with their extensive point of sale software that allows them to perform all business transactions all done using the software’s cloud servers. IVEPOS is owned and developed by Intuition Systems, which the parent company has 241 employees and has earned annual revenue of $1.7 million.

9. POSBytz

POSBytz helps restaurant and retail stores with their point of sale software that allows them to perform their payment-related tasks effectively. POSBytz is owned and developed by Bytize, which the parent company has an estimated 20 employees and earns a possible annual revenue of around $1 million.

10. Retailbean Lite

Retailbean Lite empowers businesses with their POS software that can help them earn revenue and profit.

FAQs

What kind of external device is needed for point of sale software?

Usually, a specialized computing device designed for point of sale is a common device for POS systems which can be seen in the cashier check-out booth. However, it’s also becoming increasingly common to have specialized tablets and smartphones that can process payments through its installed point of sale software as well.

Can the point of sale software process payments done through cryptocurrency?

Some point-of-sale software may be able to process payments through cryptocurrency, although this is still pretty new. This is possibly more applicable to e-commerce online transactions, rather than through retail stores and other physical business establishments which have more of a traditional payment process system.

How much does point-of-sale software cost?

Pricing for point of sale software can range from free to $129 per month or more, with custom pricing available for some software. Pricing varies depending on the features available, how extensive the company’s network as well as its intended target audience. Small businesses will benefit more from the free or low-cost point of sale software, while big businesses can benefit more from high-cost software.

There is no reason for a business not to have a point of sale software in place in processing payments and storing every financial transaction. Not only it makes financial management easier but it also helps businesses to transact purchases faster.


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