Last Updated | September 10, 2021
An online business owner always gets thrilled whenever they receive a new order and receive a payment from the customer. However, have you ever imagined what chaos it will be if the online store cannot handle sales transactions? Or what happens if the customers are having issues in purchasing the products? So, if you are struggling with the same issue, your online store may be lacking the right Point of Sales system (it can really streamline the data tracking and transaction process).
According to research, around 56% of the online retail stores aren’t using the Point of Sales systems. But hey, now is the right time to take an outside-the-box approach and try a new thing, particularly when it comes down to using new technology. That being said, if the online store is operating under Magento, you can gain so many benefits by integrating a POS system. Not to forget, it can ensure smooth operations of the online Magento store. If you are tempted enough, check out more details from this article!
What Is The Point Of Sale System?
The Point of Sale system allows the customers to pay for the services and products that they buy from the online store. It is a combination of software and hardware components that work together for optimizing the payment systems. To illustrate, the POS system is the hub where online store owners can merge everything related to payments, such as customer management, inventory, and sales. It can perform the duties of a cash register.
The Point of Sale system can be used for conducting the transactions, developing receipts, tracking the sales, and adding the taxes. The best part of the POS system is its ability to assist with vendor communication, inventory management, and cost management. It’s safe to say that the POS system is crucial for every business that has a fast-pacing inventory. The Point of Sale system is the right choice for brands who want accuracy because it eliminates manual work, hence reduced accuracy errors.
The best thing about the POS system is the easy and simplified reporting. This is because reporting is often considered challenging but the system can streamline the reports and offering accurate data on a real-time basis. With this data, the business owners will be able to make well-informed and fact-based decisions. POS system also helps with the management of inventory because it helps keep track of sales and you will be notified when the stock needs to be updated.
When we talk about online business, time is an essence which means they look for speedy services. That being said, the POS system promises on-time and quick transactions, hence speedy customer service. To be honest, the POS system eliminates the need for manual customer service, promising time efficiency. Last but not least, the Point of Sale system adds various payment options because payment options should cater to an extensive consumer base.
Types of Point of Sales System
When it comes down to the Point of Sale systems, there are various types available but cloud-based and on-premise POS systems are the most popular ones out there. With the on-premise POS system, the software solution is installed and is integrated into the server (you might see it as the desktop computer or touchscreen display). The on-premise POS system allows the users to house the data without asking for extra data hosting charges. However, you have to pay for the training fee and technical support.
As far as the cloud-based POS system is concerned, it is installed on a remote basis and is connected to the internet. With remote data storage, businesses will be able to keep track of business operations from wherever they want. In addition, a cloud-based POS system can be set up for automatic updates which helps save time. On top of everything, these systems don’t demand software licensing costs, technical support charges, or training fees.
There are various other types of Point of Sale systems available in the market, such as retail POS systems, multi-channel POS systems, and mobile POS systems. While choosing the POS system, you must conduct in-depth research because the major features are the same. The best tip is to think about the industry and which business goals you want to achieve by installing the POS system.
How To Choose The Best Magento Point Of Sale System for Small Businesses?
- Computability & Setup Costs
When it comes down to installing the POS system, you have to consider the initial costs. This is because the business owners have to invest in the software and hardware (unless you already have the compatible hardware available). The hardware generally includes cash drawers and barcode scanners. You can also connect with Magento customization services for getting affordable costs without compromising on quality and performance.
Which features you need must be considered while you are choosing the POS system. It’s needless to say that POS systems are suitable for various businesses, such as retail stores, gyms, salons, and cafes. So, whichever POS system you choose must have the right features to ensure the business operates seamlessly and successfully. You can also try making a list of desired features as it helps choose the right software solution.
- Do You Need The Cloud-Based POS System?
An extensive number of businesses are shifting to cloud-based POS systems because it allows them to save all the data on the cloud. The cloud can be accessed anytime and anywhere and you only need an internet connection. In case you choose the cloud-based system, you must ensure security and high-end encryption. You can discuss the security matters with the service provider because it helps them design the security system and encryption according to your needs.
One cannot neglect the importance of usability while choosing the Point of Sale systems. This is because no brand can afford to invest in a system that’s too hard to use. So, the business owners need to choose the POS systems that are easy to use and the operation is easy. In simpler words, you shouldn’t invest in the POS system if it demands you to read the manual all the time. In addition, investing in a usable POS system ensures that the customers and employees are satisfied.
- Easier Training
When we talk about the retail businesses, they tend to have a higher staff turnover rate but too much training can be exhausting for the staff. In addition, extensive training will exhaust the brand’s resources. It is best to choose user-friendly POS systems because they are easy to use and don’t require extensive training. However, we do want to add that regular training sessions are important to regulate staff performance but keep them easy and limited.
- Inventory Tracking
Inventory control can be extremely time-consuming and complicated but you can depend on the POS system for managing the stock and inventory. It is essential to add the inventory tracking features especially if you have various warehouses and branches working. The inventory tracking also helps keep an eye on the incoming stock and current stocks. In addition, such POS systems also offer restocking alerts, order development, and inventory transfers.
To begin with, we are talking about the integration of the POS system with third-party software. Third-party integration is essential if you want to expand the features because such features can help streamline business operations. It’s needless to say that the integration can save on manual working. Also, if you opt for third-party integrations, make sure that they can be updated and integrated into the central systems.
How Can You Integrate the best Magento POS For Small Businesses?
We have already mentioned that the Point of Sale system is a suitable choice for brand owners who are operating an online business with Magento. However, if you don’t know how to integrate POS with Magento, we have the instructions available for you!
- Magento-Specific POS Solutions
If you don’t have the current POS system already, you need to opt for the POS solutions that are specifically designed for the Magento store owners. There are multiple solutions available, such as ebizmarts and MicroBiz but you can also ask Magento 2 Development Company for more information. Such Magento-specific POS solutions are designed for Magento which means you will have no issues and the store will be up and running.
- Contact The POS System Providers
For the businesses who already have the POS system installed, you can talk about the system provider for determining the best method of integrating the Magento store. For instance, there are add-on partners as well as direct integration options available, so you can choose the ones that promise optimized connection. Also, you must ask the provider about how integration operates and what is needed for connecting the eCommerce store.
- Third-Party Integrations
For brands that are unable to find the add-on partner or direct integration, you can research the marketplace to look for the options. For this purpose, you only have to type the name of the POS system and you will have information about the extensions. You can also ask the POS system provider for validating the modules. The brands also have an option to choose the companies that offer the application integration.
- Building The Integration
If you are unable to find the solutions, you can always connect with Magento Integration Services to get the customized modules. You must understand that it requires access to the API of the POS system, so you can build the integration. It is better that you choose the service provider because customizing the module can be complicated and technical.
What are the best Magento Point Of Sale Systems for Small Businesses?
This is the cloud-based POS for Magento stores. It offers a high-end and efficient solution for streamlining the omnichannel features for retail businesses. This system works with Windows, macOS, iOS, and Android. It can support the barcode printer and scanning and the brands can custom the sales. There is a feature available for split payments and brands can offer exchanges, pickups, and refunds. Not to forget, it can streamline the checkout and you can also apply gift cards, loyalty points, and discounts.
This POS system has been around since 2009 and is currently supporting over ten thousand Magento stores. Magestore works perfectly with iPad and web-based POS. The best thing about this POS is that it works in offline mode and there are payment and store operation features. The business owners can manage the shifts of staff and add the refund and return features. There are inventory management, reports, and one-year support available with this POS system.
This is the Lightspeed Retail POS that’s designed by Lightspeed. It is suitable for brands that are looking for an omnichannel tool. This is basically a cloud-based POS system that is suitable for golf businesses, retail, and restaurants. It can be used for synchronizing the stocks and organize the shipments. It is a mobile-responsive solution and it offers access to the customizable templates since there a drag-and-drop feature. In addition, the built-in tools are available for generating more traffic and boosting SEO.
For brands who are looking for affordable POS systems, you can opt for Webkul. It offers an advanced set of features for managing the inventory and supports various outlets. In addition, Webkul offers access to real-time synchronizations, so the customer and sales data are updated. There is various cashier activity management and it can be used in offline mode. Not to forget, the brands can create and coupon and discount feature at the checkout step.
Ebizmarts is currently supporting 22,000 stores working on Magento. What we love about this POS system is that the interface is extremely user-friendly and the brands can customize the system according to themes. In addition, they can upload the product images for creating a gallery and human resource management can be streamlined by setting up the staff’s roles. To summarize, there are customer and order management features available and payment systems will be simplified.
What Are The Best Magento Point Of Sale Integrations?
- Magestore POS
This is the most user-friendly and efficient integration. It can streamline the checkout process and the integration is pretty convenient to use. It is suitable for people who want to access flexible and safe payment processing systems (which brand wouldn’t want that, right?). In addition, it supports multiple offline and online payment methods. To name a few, the integration promises a quick add-to-cart, order holding, and offline POS system.
For every online brand, this is the best POS integration that’s based on Magento. It is designed to offer a three-step checkout process which means it will be extremely easy and quick. ConnectPOS promises higher speed and the estimations will be accurate. The payment process is extremely smooth. In addition, it is supported by iPad devices. There are multiple sales, exchanges, refunds, and deposits are available. Lastly, it supports various Magento items and can scan the products by barcodes and ID.
- BoostMyShop POS
BoostMyShop POS is designed to offer online POS solutions for online and offline retail stores. It is suitable for submitting the sales orders without any errors. The brands have the option to develop unlimited physical and online deposits. In addition, BoostMyShop POS supports barcode scanners the user interface is optimized for mobile phones. Last but not least, the users can create the Z-reports and generate the automatic receipts.
Before we wrap up this article, we do want to add that hiring the right Magento or Shopify B2B website design provider also matters. This is because it doesn’t matter how amazing the POS integration product is; proper implementation and execution are important. So, always hire the best website designer provider to get the best integration outcomes.
To summarize, Magento stores have become extremely popular among online store owners but the POS systems must be added to streamline the performance and accuracy. Point of Sale system can be integrated into the store and we tried to tell you the best ones. So, which POS system and integration will you use for your Magento store?
Is Magento a POS?
Yes. Magento is a highly efficient and effective web-based POS solution. The system is developed using Google’s Progressive Web App (PWA) technology that delivers the best of both; the web and mobile application to customers. The Magento POS offers storeowners with reliable, integrated, and seamless retail experience while offering smooth and quick checkout for users.
What is the Magento point of sale system cost?
Magento point of sale system may cost anywhere from USD 40 to USD 1000+, depending upon the vendor and customization level you choose.
What are the Best Magento POS Extensions for Magento 2?
Magestore Magento 2 POS extension. Among the various Magento 2 POS extensions, Magestore is a widely implemented extension that offers rapid, convenient, and robust POS solutions. The Magestore provides an interactive and user-friendly interface, making the entire payment process swift, secure, and convenient for users and store owners. Magento 2 POS also offers complete support for online and offline payment methods, and thereby it can be integrated with the Magestore POS extension for a streamlined retail experience.
What is the Magento retail pos?
Magento retail POS refers to the dedicated and purpose-built point of sale solution for online merchants. The retail POS from Magento assists storeowners to reinforce the sales aspect of the Magento store by optimizing checkout speed, improve sales conversions, and support selling on multiple locations.
Does Folio 3 provide POS integration with Magento?
Yes. Folio3 is a certified Magento 2 Trained Solution partner offering complete custom Magento integration services tailored to meet unique business needs. Some of the services provided by Folio3 include; Magento B2B extension development services, Magento Enterprise Development, Magento custom extension development, Magento POS integration services. We also offer marketplace integration solutions, including Magento WordPress integration, Content management integration, Magento Amazon Integration, and many others.