Not sure whether to buy or lease a POS system? Maybe you just need a POS system for a one time event? With so many brands on the market, it can be a daunting decision to make.
We'll explore the 4 top brands so that you can find the right POS rental for your specific business needs.
Which of these 4 will you choose?
Quick Glance Summary :
1. Square POS Systems
Best For Events
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2. Clover POS Systems
Best For Cloud-Based Systems
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3. Paradise POS Systems
Best For iPad POS Software
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4. Lightspeed POS Systems
Best For A Rental Business
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Rental POS System Costs
Renting a POS system can help keep initial costs down when you are setting up a new business.
POS rent costs do vary depending on your business needs and because of this POS system rental package prices are available by quotation. This is particularly the case if you are looking to hire POS systems for events.
In general, it can cost as little as $50 a month to several hundred dollars if you opt for a larger amount of POS hardware and software subscriptions.
In contrast, it can cost around $1,500 to $2,000 or more to buy your POS system upfront, depending on your business needs of course, so rental is a viable option, particularly for small businesses.
Then you have to consider the POS software. Again your spending on this will vary according to your business needs but monthly fees are usually around $50 to $100 for POS software.
Be cautious and make sure you read the small print carefully if a POS company offers free point-of-sale systems. Often you end up locked into an agreement that still requires some kind of monthly payments.
Rather than using your valuable time trying to nail down POS system pricing information, let us do the hard work for you. Give yourself the advantage by clicking on the button below to get multiple free quotes from POS retailers in your local area.
How Much Is A POS System Lease?
A lease of 5 years will typically cost about $50 to $75 plus, depending on the amount of equipment you need for your business. This is great if you are after low upfront costs but it may cost you more money in the long term.
There may limitations on the type of POS hardware you can rent for your package and after the rental period is up, you would be expected to return your POS hardware.
Many POS companies offer monthly payment installments which may be a better option than renting as it is can be a similar cost monthly but you get to keep the point-of-sale solution.
Our lease POS system guide provides all the details about this option.
The 4 Best POS Machine Rental Companies
To help your business find the right POS solution, next we will take a look at the top POS system rental brands.
Square POS Systems- Best For Events
A Square POS rental is ideal if you are running any kind of event. From large music festivals to small farmer's markets, POS rental for events is covered by Square.
Offering a variety of payment processing options, a Square point-of-sale system with its Square Stand offers debit and credit card processing and mobile device payment processing through the Square reader, as well as the option of paying with cash.
Square offers all the hardware accessories for your setup such as a cash drawer, receipt printer, barcode scanner, and for roaming sales, an L7 Case.
There are many Android and iOS tablets compatible with Square. Square hardware offers excellent flexibility, so payment processing is not limited to the Square reader or the Square Stand.
Also, data packages are available for events without an internet connection or Wi-fi, so you don't have to worry about offline payments.
You can rent all the Square hardware that you might need for your events, plus you can take advantage of the advanced sales reports feature completely free of charge.
Ideal for larger events, the company will assist with inventory management, customer insights, team setup, and training features. Square takes a top position on the list of the best POS systems.
Our Square POS reviews will provide more information about this brand.
An Android, cloud-based POS system, Clover offers POS solutions that don't actually require POS terminal rental or other hardware rentals.
Clover has a very flexible POS solution allowing you to manage any business and process payments without an actual point-of-sale machine, and just your laptop.
It allows all form of payment processing, debit and credit cards, cash, cheques, and even contactless payments, and is ideal for retail, counter or table services, or e-commerce enterprises.
This point-of-sale software offers loads of top features including real-time sales tracking, and employee and inventory management. It also lets you keep all your customers engaged with loyalty programs and promotions.
If you do prefer to have POS hardware, the Clover station POS is available. The Clover Station Duo offers a very secure device for payment processing with fingerprint login and allows for an offline mode. It has all the POS software features and reporting options you would expect from a high-end POS solution.
Our Clover POS reviews will provide more information about this brand.
Paradise POS Systems - Best For iPad POS Software
Specializing in restaurant and retail point-of-sale systems, Paradise POS offers iPad POS software combined with legacy point-of-sale solutions functions.
With a dedicated 24/7 customer services team, Paradise POS systems make running your business straightforward with the easy-to-use style of the iPad hardware interface.
Paradise POS hardware makes payment processing quick and simple plus it is features-rich so you don't compromise on function.
Functions include inventory management that allows wireless stock updates and inventory counts with the Paradise POS laser scanner that integrates with their barcode printers to allow you to print labels through your POS system.
The payroll features let you track your employees' hours and produce detailed reports, integrating with systems such as QuickBooks.
Also a cloud-based system, like Clover, the Paradise POS system features an offline mode so you can continue to work and take offline payments if your internet connection fails. It also means you can work remotely, updating your menus or promoting your loyalty programs from the comfort of your armchair at home.
If you own a rental business, Lightspeed is worth a look.
Lightspeed POS systems are aimed at retail, restaurant, and golf club businesses but they have a plethora of features that make them ideal for rental businesses without even having to fork out extra cash for extra software.
The Lightspeed POS system integrates with software called Rental Shop Manager which will handle all POS aspects of running rental businesses.
It has loads of useful software features that allow you to offer rental quotes and track layaway items at multiple locations. Customers can make online reservations, you can setup loyalty programs for customers, and manage your employees and inventory. Plus, it allows customers to pay in all the usual ways.
The Lightspeed POS system has great eCommerce functions so is perfect for online rental businesses plus it is scalable and can grow as your business needs evolve.
Lightspeed offers an excellent cloud-based POS system with hardware solutions and many point-of-sale app integrations, plus their merchant accounts come with 24/7 customer service and technical support.
Our Lightspeed retail POS software reviews will provide more information about this brand.
If you are after point-of-sale solutions that you can rent, then you are not short on choice. Many POS brands also have the option of monthly payment plans that can lower upfront costs.
Whether you are running events both large or small, Square point-of-sale solutions seem to cover all the bases.
For rental businesses looking for a POS system, many of the retail POS providers have appropriate options with Lightspeed standing out as an all-in-one good choice.
It's our job to get you the lowest quotes based on your ideal POS system from companies near you. Answer the few questions below to let us know your specific business needs. We provide quotes for FREE to help you get the best deal.