What Is an ePOS System?


An EPOS system or Electronic Point of Sale system, in its most basic function, takes over the tasks of a cash register - counting, registering transactions, printing receipts. However, it can also be part of a bigger system within the business - integrating back office, recording sales, managing relationships with customers, ordering and much more that can help you optimise your day-to-day operations.

What Is the Difference Between POS and ePOS?

ePOS systems are much more advanced than their predecessors traditional points of sale (POS). Electronic points of sale systems use software for advanced operations and analytical transactions. The components are the till - you might know it as the cash register or money drawer - plus other peripherals such as barcode scanners, customer displays, printers, touch screens, or weighing scales.

With an ePOS system it is easier to track and categorise your inventory, what needs to be ordered, and what items are redundant. An ePOS machine is designed to make checkouts faster and card payments more convenient. This can improve the whole point of sale and provide you with higher customer satisfaction. One of the best advantages of ePOS systems is the ability to optimise them. Therefore, you can update your systems according to the complexity of your daily operations.

 

·      POS System

·      Cash Register

·      Mobile POS

·      Read In This Guide

·      Prices of ePOS Systems in the UK

·      ePOS Solutions for Different Types of Businesses

·      10 Benefits of ePOS Systems

·      ePOS Software and Hardware

How to Find the Best ePOS Systems in the UK?

Frequently Asked Questions About ePOS Systems

ePOS System: An Essential Tool For Every Business

Business owners, already know how important it is to track your employees’ work, make payments efficiently or streamline operations in a structured way. All of these things and even more can be achieved with the right system.

Designed to take over manual tasks and process them faster, Point of Sales (POS) systems simplify work for many stakeholders. Companies are able to track inventories; employers are more efficient with payments, bills, reports; and customer satisfaction increases with less time spent in queues and more loyalty programs.

Deciding which ePOS solutions you need might take time, energy and a lot of research from you. For that reason we are here to help you determine what do you really need for the type of business you are operating in.

For example, if you are a restaurant owner, there are tailored-made ePOS solutions and suppliers that can accomodate your needs. Read more and find out:

how much will it cost you

what kind of software and hardware you need

what solutions meet your description

Prices of ePOS Systems in the UK

Depending on your business’ necessity, purchasing an ePOS system will have different costs. The features, the hardware and the brands will make the biggest difference. For example, if you already have the hardware, the costs will be the additional fees for the ePOS software. In addition, many suppliers will ask you to pay a monthly subscription fee to use the services. On average, in the UK the fee is £35 per month.

If you are not interested in purchasing ePOS systems just yet, you have the option to rent them. Renting ePOS terminal can start at £25, depending on the provider, and it will request VAT. If you want to invest in buying the ePOS hardware, you should expect at least £300.

How Much Does it Cost to Rent, Lease and Buy?

Procurement     Price Range

To Rent £23.99 to £169.99 /month

To Lease      £69.99 to £149.99 /month

To Buy  £649 to £2499

 

Renting an ePOS terminal is the most common form of ownership in the UK. Business owners prefer it due to its advantages such as customer support in the case of problems and malfunctions. Additionally, most suppliers offer the possibility of keeping hardware and software up-to-date.

If you decide to buy an ePOS terminal, the upfront costs might be higher, but in the long-term, this option can be really cost effective. Just get insured that the system is reliable and well maintained. However, keeping the ePOS hardware up-to-date can be costly as every update will be an extra investment.

Some suppliers offer support for a certain period of time after the purchase, and others do not. Therefore, when you are making a decision, get informed about all your options and possibilities.

With the advancement of technology, software based POS systems emerged into offering more functions than their predecessors. For that reason, wireless or cloud based POS Systems are becoming more common, bringing even more convenience to businesses and their customers. The best way you can choose the right component is by getting as much information as possible and comparing the ePOS systems yourself.

 


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