A great POS system makes it easy to capture sales data and streamline administrative tasks, which means your POS has a massive impact on your business. Every time you take a payment, the POS records the data, which can be used in multiple ways. For instance, the Square Point of Sale uses data to generate metrics and send inventory alerts., Run all aspects of your business with Square Retail POS, the all-in-one system built to manage inventory, sales, and customer data. Get started., What is a POS system? POS stands for point of sale, which is where products and services are exchanged for money. Traditionally, a POS would look like a cash register, but today, point-of-sale systems come in many forms. A POS registers the price of an item, takes payment and issues a receipt., Square Point of Sale software is free to use — there are no setup fees or monthly subscription fees. Only pay when you take a payment. Transaction rate. 1.75%. Per chip and PIN or contactless payment. 2.5%. For Virtual Terminal and Invoices. 1.4% + 25p for online transactions with UK cards, In the past, a point-of-sale system referred to the cash register at a shop’s counter. Today, modern POS systems are entirely digital, which means you can check out a customer wherever you are. All you need is a POS app and an internet-enabled device, like a tablet or phone., When you’re looking for the best small business point of sale, it’s important to understand what sorts of tools you need to run and grow your business.A good POS system for small businesses lets you process every sale securely and has the right software to help you take care of administrative tasks more efficiently.. The kinds of sales you make and the tasks you need help with depend on .