Last Updated | March 1, 2022
What is Magento?
Magento is a platform for e-commerce that is owned by Adobe.Inc. It was acquired by Adobe back in 2018 for a sum of $1.68 billion. Magento has gotten better and better over time. This open-source platform permits the users to manipulate their pages, the store functionality, the content, and the background themes of the store. The platform is based upon PHP and has other frameworks such as Symfony and Laminas. This platform has over 250,000 active store owners. Their forum boasts over 350,000 active members that including store owners, developers, and customers. Magento provides multiple features to users such as data analysis, catalog management, data analytics, search engine optimization, payment processing deliveries, shipping services, and store management. These extensive features allow the platform to be highly scalable and promote growth while staying on the same platform. Magento also allows third-party plugins and extensions to be installed on the user’s store. By using Magento integration services, ERPs, CRMs, payment processing services, shipping services, accounting, and human resources can be managed. You can also hire Magento 2 developers to provide Magento speed optimization services as well. The Magento 2 pricing for the open-source edition is free. This means it is ideal for startups and even established businesses as the site doesn’t become a burden. Magento is perhaps the best e-commerce to be used for digital store owners. It is most preferable to hire Magento web development services to ensure that the store is following all the international standards to cater to the customers to provide the best customer experience. There are multiple alternates to Magento such as Shopify, BigCommerce, and Woocommerce, Magento remains the favorite of over 250,000 people. This also includes Fortune500 companies such as Ford, Jaguar, Coca-Cola, and Land Rover. This is all thanks to the flexibility, enhanced usability, high learnability, optimal performance, robustness, and high scalability of the platform.
What is POS?
A Point of sale or POS, in short, is a process in the business of a point of purchase. This refers to the point where a customer makes the payment for services or goods. At this point, the sales tax also becomes payable. This can be in a physical store where POS terminals are used to process the payments via card or cash. The POS for virtual sales means that it is a point where customers enter their card details and pay for the goods and services over the internet. This finalizes the order and places it. These POSs are an important process in terms of marketing for virtual stores. Traditionally in brick-and-mortar stores, the businesses set POSs near the exit. Similarly, today in virtual stores, there is such a system as well. This means that the new e-commerce stores must make the POS at the end as well. The POS systems must include multiple components. Customers should be given options to choose multiple payment methods such as cash on delivery, buy now and pay later, payment via credit or debit card, payment via different processors such as Stripe, etc. The customers should be given the facility to view all the products that they want to purchase with their details. This part is catered to by showing a customer cart that has all the customer needs and they can view the total and product details. The customers should be given the option to add instructions. The delivery location also needs to be selected so that the product can be delivered to the address that the customer entered. These components together make the point of sales for e-commerce stores. There is immense importance to these checkout stations. The checkout must be effortless and easy in order to ensure order completion. If the POS is experiences glitches and lags, there is a high probability that the customer will change their mind and abandon the cart. This means that the store misses out on potential orders and loses customers. To make sure that such disastrous situations are avoided, it is important to hire Magento web development services to make sure that the store has a perfect POS and all the other features of the store are welcoming and provide the best user experiences and the best performance for the Magento store.
What are the benefits of Magento POS Integration?
Magento POS integration has several benefits for the Magento store owners and their customers. These benefits help increase sales and provide the best user experience.
One of the biggest advantages of Magento POS integration is that the inventory stock can be checked for the availability of the needed product in real-time. This helps in scenarios that your store will never run low on products as backorders will be placed if the stock levels fall below a limit. Since the stock data will be on a centralized Magento database, the POS and your online store will always read and update the availability of the stock. System administrators can also set up which products and categories will be visible and available for purchase in the online stores. This means that the Magento POS integration will maintain the stock by providing updates to customers and the store owners. This also helps in preventing underselling and overselling. Underselling is prevented as all the products in stock are clearly visible for purchase and overselling is prevented by making sure that the products that are in stock are sold. This helps reduce the number of refunds, returns, and conflicting situations with customers.
Managing several stores.
Magento store owners can open more than one Magento store. Traditionally, it means that multiple stores need to have multiple stocks with multiple POS systems. Luckily Magento POS integration can help manage more than one store easily by maintaining the inventory and the POS. In traditional stores, inventory synchronization becomes a big challenge and maintenance becomes resource-consuming and complicated. The integration will allow the store to share the stock inventory with all the stores, multiple retail stores also share the same inventory this means that only one stock source can help supply all the stores virtually. This saves cost and makes operations streamlined. This is a perfect solution for various catalog sales. The Magento administrators can prepare certain categories for special occasions and configure the store views which are used by the POS systems in the retail stores. A single checkout point means that the transactions for multiple stores can be dealt with easily and without any inconveniences.
Cheaper cost as compared to traditional systems.
The traditional POS systems in place of brick and mortar stores are running dependent on a lot of hardware, which is quite costly and has limited capabilities and performances. A Magento POS integration system is more budget-friendly. This cheaper Magento 2 pricing for integration means that the system uses cheaper hardware with an added possibility of including bar-codes on the product packages and simple card-swiping devices for the convenience of the customers.
Easy installation and configuration.
The integration and configuration of the POS system with Magento are quite clear and straightforward. Generally, the developer who is implementing the solution will provide the extensions needed for installations and the instructions for configurations. Then the API key will be needed to give the developer the rights to access the store and modify it. The details will be provided by you and the developer will carry out the actions needed. Then the POS will be installed on the administrator side where the POS systems will be directed to point to the Magento store after the API key has been correctly entered. Finally, the POS application will be installed on devices that can be used as POS terminals to connect them with the POS web back end or Magento stores directly. The method is relatively straightforward and risk-free if you have the best Magento web development services for the store.
The POS integration is web-based so it means that this makes the system reliable and easy to use. Cloud-based POS solutions are a new trend taking place in the e-commerce market due to their ease. The benefits of cloud-based POS solutions are:
Compatibility with hardware.
The cloud-based POS solutions are highly portable and compatible with almost all sorts of hardware. These systems can directly be accessed from any devices or browsers that are connected to the internet. Solutions can be synchronized with applications. The POS solution can use their application to track the inventory of the store from their own device, and any store owner or customer can view the store from anywhere and anytime and purchase the products and schedule deliveries as per their convenience.
Access the store from anywhere.
Once the Magento POS integration is effective, orders can be successfully placed from anywhere in the world and be recorded. The store can access all of the data related to the entire inventories and sale transactions that can be online as well as offline from all the compatible devices from no matter wherever the store owner is.
Provide an Omnichannel experience.
This experience provides the best user experience due to the streamlining. The Omnichannel experience allows the Magento store owners to drive sales and traffic, integrate multiple digital touchpoints, and achieve increased availability by providing multiple mediums to access the store such as PC devices, mobile phones, and even applications. This strategy improves customer satisfaction and provides multiple channels for the customer such as mobile devices, websites, or even brick and mortar stores. The availability of multiple channels increases sales and traffic. Omnichannel customers spend 15%-30$ more than single-channel customers. According to a study by Google, they found that consumers are 75% more likely to visit the stores if they come across the local information point on the website. The use of multiple channels increases the revenue and also drives further traffic to the Magento stores.
Streamlined flow from start to end.
The Magento POS integration ensures that the whole process of purchasing can be expedited without any setbacks. The website store can provide a clear overview of all of the projects and their details. As prices keep on changing, the Magento store owners can update prices in real-time as part of any marketing strategy that they plan to implement. There is no need to manually update the prices on all stores. The flow also means that a user can log on to the store, view the products, get instant customer support and also successfully purchase the product easily. This means that the product availability, information, can provide a clear interface to deal with customers by providing them the best experience.
These multiple benefits provide the Magento store owners and the customers with a great business medium. These benefits ensure that the customers are facilitated the best and also keep the Magento store owners on a path of steady growth.
Why is Magento POS Integration necessary?
In the modern world, convenience is key for e-commerce businesses. Having all of the necessary tools to ensure order completion has become a need rather than a want. All e-commerce stores need a POS system to make sure they have competent stores and keep the store on the path of growth.
Real-time inventory updates.
Magento merchants make use of several systems that are connected to the supply warehouses that help keep track of the inventory. The Magento POS integration means seamless updates in the stock statuses and levels in the admin section of the store sites so all of the orders can be processed accordingly as per the customer orders.
Real-time pricing updates.
All of the Magento products can be priced instantly. There is no need to change the price for each and every product. The Magento POS integration creates a seamless shopping experience for the customers by looking at their stores because the prices are charged at checkout and not subject to late charges that can result in customer-facing inconveniences.
Automatic order payment and processing.
The purchasers can set their orders on the store and even pay for them over a secure payment processing gateway of their choices such as Afterpay, VISA, Mastercard, and Stripe. All the tax payments can also be shown to them and provide secure transfer of funds.
The POS is able to generate reports on the performance of the e-commerce stores. Keeping track of payments and sales information is a tough task. The Magento POS integration will be able to store the customer information from the store and map it back to the sales history. This reporting feature also lets the store owner monitor the catalog of the business. This way all of the transactions can be viewed and recorded.
Shipping and other discounts.
The integrated POS system can create customized shipping rules for the customers which mean that the customers can be provided with discounts as per their regions without any customer effort. All of the warehouses can be connected and also increase the efficiency of shipping and minimize costs.
These reasons are why it is extremely important to have a POS integrated with Magento. If an e-commerce store has no POS, it defeats the purpose of effortless orders which is a principle of e-commerce businesses.
How to integrate Magento with your POS?
There are multiple ways for Magento POS integration that can be implemented on the Magento store. These alternates are as follows:
Look for off-the-shelf Magento solutions.
Magento store owners can purchase and implement off-the-shelf POS integration solutions. They can get in contact with software companies to purchase solutions that were specifically built for Magento store owners. There are multiple companies such as Folio3 that sell these readymade solutions at a subsidized Magento 2 pricing package that includes maintenance and support services as well. These solutions are highly safe and secure, relatively error-free as they undergo testing, and are also in use in the market. There are multiple Magento store owners who reached out to companies for solutions, so companies invested in these solutions at a one-time cost. Now, these customers purchase these solutions that are reliable as they are under wide use and also have support services for Magento store owners.
Look for customized Magento solutions.
If you want a Magento POS solution that is developed from scratch to suit your needs, it is essential to hire Magento integration services from an expert Magento Software Solutions Company. These companies can make solutions from scratch and implement all of your requirements so that the customer can have all of their business use cases achieved. Customized solution development is expensive and even though there are multiple factors that influence the price, a custom POS integration can take almost 200-500 hours of development hours and cost almost $8000 to $100,000. Costs are also compounded after support and implementation services are needed. These customized solutions however mean that companies dedicate their services to the development. This results in a unique solution that is available for certain Magento store owners that help increase their position.
Purchase integrations of the Magento marketplace.
Magento store owners can also look for solutions over the marketplace. The Connect marketplace has various plugins and extensions present that are ready for service. The POS can be searched and then purchased from the vendor. The vendor can also be paid to implement the services on the Magento store of the owner with an added cost. Solutions in the marketplace allow multiple functionalities. Some let merchants link variable channels for sales and synchronize the inventory with shipping statuses. Some connect the Magento stores with various POS systems so the orders, SKUs, and customer details are in sync. These ready-made solutions in the marketplace are risky as there is no responsibility of Magento over these solutions. However, the reviews and feedback can be extremely useful while making decisions.
There are multiple ways to develop Magento POS solutions. The requirement of each store owner is drastically different as compared to other merchants. For this reason, it is best to first have consultancy of an expert software company.
Why is Folio3, the best company for Magento POS Integration?
Folio3 is a software solution company based in California. The company provides Magento POS integration services. There are multiple reasons why Folio3 has become the best multinational company all around the globe for software development. It has catered to niche clients such as Fortune500 companies which reflects their dedication and level of providing quality services. There are multiple reasons that make Folio3 the best company for developing Magento POS integration solutions:
- They have over 50+ certified Magento developers that have worked on over 500+ Magento projects. These developers also developed over 30+ plugins and extensions that are available on Magento and are exclusively verified by Magento as well. These developers make use of efficient coding practices, increase code reusability, and decreased code redundancy. This helps quick delivery and a decrease in operational costs that decrease the Magento 2 pricing plan cost making it more affordable.
- The company has extensive experience in the field of software development. It has been developing Magento-related solutions for over 15+ years. They catered from small enterprises to Fortune500 companies. They have thousands of happy customers all over the globe. They can develop the best Magento POS solution using their experience.
- The company also provides post-project services to clients and does not abandon their clients. Unlike other companies that work for contracts, Folio3 makes sure to provide the best solution to the customer so that they do not any loss incurred by the company. Folio3 helps the business manage its growth so that the company’s software side is not at any risk. They consistently remove bugs making the solutions safe and secure.
- Folio3 follows international standards such as ISO9001. These make sure that the process is optimally streamlined to ensure that the final product is extremely high-quality. The company has extensive experience and employees that follow the best practices that put them on top of the capability maturity model.
- The company has the ability to deliver the projects well before the deadlines. Folio3 has never struggled in delivering the solutions on the time. The late delivery is dreadful for Magento store owners as these solutions go over the budget and result in increased store downtime which makes the Magento store owner lose money. Folio3 ensures on-time delivery thanks to their experienced domain experts, certified developers, effective project managers, skillful requirement, and design engineers that ensure that the optimal solution is developed in a single project cycle.
- Folio3 has an extremely effective operation research cell. This cell can minimize costs by making sure that the solution developed is of minimal cost. Simultaneously, all of the team members tasked with development follow effective practices that decrease cost and time. The certified developers make the code error-free and quickly, this means that the software quality engineer can focus on more important attributes instead of debugging for errors, the requirement engineers make sure to elicit requirements correctly saving the customers time, the domain experts are able to anticipate change and make sure that the solution needs no reworking that will cost the customer.
There are more reasons why Folio3 should be hired to develop Magento POS integration solutions. You can visit the nearest office and get a consultancy with the company so that you are also satisfied with the company’s transparent dealing and be at ease. You can contact us at your convenience as well.
The Magento POS integration is a necessity for Magento store owners. It is because the POS solution can offer the Magento store owners real-time price and stock updates, automatic order, and payment processing, reporting on the store performance and giving the customers shipping discounts. The Magento POS integration provides multiple benefits to customers such as stock management, multiple store management, cheaper costing as compared to traditional POS systems, and easy installation and configuration process, cloud-based solutions that are accessible, providing an Omnichannel experience and a streamlined flow from the moment the customer lands on the page to till the payment and delivery of the product. There are multiple ways to get a solution such as looking for off-the-shelf and readymade solutions of software companies, developing customized solutions from software companies, and even purchasing solutions from the Magento Connect marketplace. It is best to first consult experts in the field and then decide which path to choose for the Magento POS integration solution. You can hire services from expert companies such as Folio3 as they provide benefits such as subsidized Magento 2 pricing packages, after-project support, high-quality solutions, and the timely delivery of solutions.
Is Magento a CMS?
A CMS is an acronym for content management systems. The CMS is a software application that is used to edit and manage the development of digital content, or basically websites on the internet. The CMS helps the Magento store owners in managing resources, data, and content types that make up a modern e-commerce store. Magento can be classified as an open-source content management system that utilizes MySQL and Zend PHP frameworks and databases. The store owners can control the functionality, look, and content of the e-commerce store. The Magento CMS has robust catalog management, an expertly designed administrator interface, and marketing tools. It can also facilitate search engine optimization that offers businesses exposure and greater visibility. Magento goes a step further and even provides promotion and merchandising servicing by advanced control. The Magento CMS is available in various editions to help the customers choose the editions accordingly. It is preferable to hire Magento 2 developers to design and maintain the Magento CMS platform. The e-commerce store can target multiple customers and deliver high-quality content. Magento CMS lets you cater to a wide audience by offering multiple languages and multiple currency support for international operations.
Is Magento POS Integration affordable?
Magento POS integration solutions can cost from $0 to $10,000 for the POS hardware and almost $0 to $300 per month for the software per terminal. Some companies do offer free POS solutions and some even include free hardware. The average POS system on the cloud costs about $1500 for hardware and $100 per month for software. These solutions are generally affordable as affordable solutions are present on the Magento Connect marketplace. It is best to hire an expert company to provide the best solution for your business like Folio3. However, there are some solutions available on the stores that you can purchase and then with the help of Magento integration services, implement them in your store.
- The Webkul Magento POS extension is an option. It provides a fast checkout process and real-time data synchronization for a very affordable Magento 2 pricing cost of $199 for a limited time.
- Connect POS is another viable choice for Magento store owners. It powers over 1000 businesses over the world. This POS is highly compatible with multiple devices and offers real-time support services. They have a very transparent pricing policy alongside a free 14-day trial. Their annual payment plans are Standard plan for 39$ per device and month, Advanced plan for $69 per device and month, and the Premium plan for $89 per device and month. Their monthly payment plans are Standard for $49 per device per month, advanced plan for $79 per device per month, and Premium plan for $99 per device per month.
- Ebizmart is a native POS application. It has a flexible tax calculation system and can create different customer groups based on different prices. They offer three plans, a Plus plan for $49, a Professional plan for $69, and an Enterprise plan for $89.
- Magespacex also provides a Magento 2 POS app. It can work in an offline mode and create offline orders as well. It is 100% open source and costs a one-time price of $999.
- Another POS extension by Wyomind is also a good option. It enables data imports for multiple stores and the plan starts at $105.
Does Folio3 provide Magento POS Integration?
Yes, Folio3 provides expert Magento POS integrations services. Folio3 has over 50+ certified Magento developers that have developed over 500 solutions related to Magento. The company has been in the market for over 15+ years and has clients all over the world. The clients range from small enterprises to Fortune500 companies. Folio3 also has over 30+ extensions and plugins available on the Magento Connect marketplace that are exclusively verified by Magento themselves. The company has offices all over the world and provides all sorts of services such as Magento web development services, Magento integration services, Magento migrations services, Magento speed optimization services, Magento design services, and Magento support and maintenance services.
Why is Magento POS Integration good?
The Magento POS integration is definitely more than good. The solution is perhaps a critical pillar for the success of your Magento e-commerce store. An effective and easy one-stop point of sale on the Magento store provides benefits such as increased conversion rates for new customers, increased retention rates for existing customers, a significant decrease in the cart abandonment rates, and order completions effortlessly providing customer satisfaction. These reasons are why a Magento store should have the solution. Make sure to have an expert company such as Folio3 implement the solution. This way the solution will be effective and in a very affordable Magento 2 pricing package.