POS software – cloud-based or onsite installation
Suffice to say, you can’t use a touchscreen without the software! That’s an essential cost of a till, so let’s look at that pricing too.
POS systems today are mostly Software as a Service (SaaS) plans where you pay a subscription per month, quarterly, biannually or annually. The more you pay upfront, the lower the monthly cost. The price also depends on number of features, sector and level of customer support. You usually pay a licence per tablet or computer using the POS functions, so the more tills, the more you pay.
Hospitality POS software is usually more expensive, since it deals with complex orders, ingredients and coordination of table service. It’s common for food-and-drink businesses to pay around £50-£120 (including VAT) per month per till licence. The lower the price, the fewer features you get.
Retail systems are built for complex product inventories and vendor management, costing somewhere between £30-£110 (including VAT) per till licence. Again, the low-end prices generally refer to plans with the most basic functions you can get away with.