There’s a lot more to selecting a till than most people realize. Today’s business owners not only have to choose between a traditional cash register and a digital point of sale (POS) system, they also have to navigate confusing terms and setups that require extra add-ons for full transaction functionality. This guide outlines the types of checkout options available for brick-and-mortar businesses, defines some commonly used terms, and outlines the research process so you can get the best fit product for your small business.
You might think cash registers are a pretty cut-and-dried product, and that used to be the case. Today, the term “cash register” is applied to a wide range of products that vary greatly in design, functionality and price.
Inexpensive cash registers cost $100 to $300. Registers in this price range are typically traditional keypad desktop designs with attached cash drawers and built-in thermal receipt printers. These machines offer users a great price point and excellent longevity, but they fall short when it comes to any sort of digital integration or reporting, and when registers like these are used in food service, waiters still have to submit their tickets the old-school way.
Mid-range cash registers are available for anywhere from $300 to $600. In this price range, you’ll see primarily keypad designs and some touchscreen designs, but you’ll also find high-speed thermal printers built-in and lots of specialized registers (like those created specifically for food service). If you operate a high-volume operation and you’re going the traditional cash register route, this should be the minimum price range you aim for.
High-end cash registers blur the line between cash register and POS system. In the $700 to $1,100 price range, you’ll find loads of touchscreen cash registers with built-in inventory and reporting software, barcode scanners, credit card scanners and Read More Here