How to Choose the Best POS Machine for your Business

You’ve made the decision. It’s time for your business to switch to a POS machine for accepting customer payments. You know how a POS machine works, now you need to determine which one is the best POS machine for your business. In this article we will walk you through the things you need to consider so you know what to look for.

What kind of business are you running?

Generally speaking, the best type of POS machine for you will be based on the kind of business you’re operating and the specific need that you have.

With that in mind, there are four types of POS machines to choose from:

• Desktop
• Handheld
• Mobile
• Virtual

Here’s a quick breakdown of how they match up with specific businesses and why:

How Much Does a POS Machine Cost?

Once you’ve decided which type of POS machine best suits your business, the next step is to decide on which brand to go with. This stage is all about comparing the brands that are out there; the features, services, and support that are included; and what comes at an additional price.

Depending on the brand and what’s part of the purchase price, a basic POS machine will range between $300 to $1,000 plus tax.

The price will increase if you require additional items such as a:

• Barcode scanner
• QR code scanner
• Monitor
• Tablet stand
• Cash drawer
• Card reader
• Receipt printer

After you have purchased your POS machine and any peripheral items to complete your setup, you will then have ongoing, monthly costs. These can be a monthly subscription fee or a percentage and transaction fee on every sale.

What to Look for in a Payment Partner

When comparing POS machines it’s equally important to compare the payment partners offering them.

Why?

Because the full scope of the services and support each payment partner provides will have a direct bearing on the long-term performance, usability and ROI of the POS machine you go with.

For example OTT Pay offers the following support services with the purchase of one of their POS machines:

• Professional installation and setup
• Troubleshooting and resolving any technical issues or errors
• Training and guidance on how to use the features and functions
• Consultation on how to grow your business and reach more customers through payments
• Access and assistance with dashboard, reports, and analytics tools
• Distribution & Lifecycle services: key injection, deployment, repairs, warehousing, and logistics.

How to Apply and Get a POS Machine

Getting a POS machine for your business is typically a straightforward process.

To apply for a POS machine head to the website of your chosen provider. There, you’ll usually find a simple online application form to fill out, which also involves creating an account.

After submitting your application, keep an eye on your inbox—you’ll receive an email once your account has been approved.

Once approved, finish setting up your account and connect your business bank account.

Next, you’ll download the POS machine app and place an order for any extra hardware you might need, like card readers or barcode scanners. When your equipment arrives, just plug it into your POS system, and you’ll be all set to start accepting payments from your customers.

Set your business up for success

Choosing the right POS machine comes down to matching the technology with the way your business operates. Take the time to compare features, auxiliary costs, and payment partner offerings to ensure you’re getting the best POS machine for your business.

Include the OTT Pay Smart POS Terminal to your Consideration List

When compiling your shortlist of POS machines to review be sure to include the OTT Pay Smart POS Terminal. It accepts the widest range of payment methods including major debit and credit card brands and popular international e-wallets with over 1 billion users.

For limited time only, apply now with OTT Pay and enjoy up to 1 year FREE* POS Terminal Rental!