How Much Does an EPOS System Cost?
An EPOS system can represent a major investment for a business, so it’s important to understand the costs. However, it can be difficult to understand and compare EPOS prices, as many companies can be very evasive when it comes to giving you a price for a system and they will usually only give you a base line price.
Some suppliers will list the prices of individual components, while others will give you a price for a complete EPOS system. In both cases, it’s likely that there will be added costs for things like additional components (software and hardware), shipping, installation, maintenance, and support. Some of these features might be included – you will be unlikely to find a cheap system that includes specific peripherals and maintenance and support.
EPOS Price Guide
In general, the larger the system is and the more you need it to do, the more expensive it is going to be to lease, rent or purchase. As a rough guide, based on a single point of sale, a system will cost in the region of £85 per week upwards to rent, £180 per month to lease and about £1800 to purchase outright. However, you must be aware that these prices are for a basic set up only and will not include extras. The more units you will need installing, the more the system will cost.
Some businesses find that it is more cost effective to lease or rent a system rather than finding the money to pay for one outright. If you rent or lease, then you will have the added benefit of free call out and maintenance services and the chance to upgrade when necessary.
If you do decide to buy, then make sure you know all of the extras that may be available to your type of business. Take a look in trade magazines and at trade fairs for inspiration. The internet also has a wealth of details about industry specific EPOS equipment that is available. Choosing the right system can maximise your sales far more than you think.
Minimising EPOS Cost
There are ways to minimise the cost of an EPOS system if you are on a budget. The approach to take depends on your business requirements and the scope of your business.
Renting or Leasing
The most obvious option when it’s not possible to fund the cost of an EPOS system outright is to rent or lease it. This is a classic way of acquiring an EPOS system and some merchants prefer it to buying a system outright not just for financial reasons, but because maintenance and upgrades will usually be included in the setup.
Buying An Integrated System
If your business is relatively small, you could consider getting a POS-in-a-box. This means an EPOS system which will come with all parts and software included. These systems are usually very good value and are available for a range of different industries such as retail, hospitality, salons and beauty, and fashion. They are available from as low as £1,199.00, but will often not include certain peripherals. Adding extra elements like card readers, scanners, or support packages to these systems can make the price go up very quickly so it’s only a good option if your requirements are basic.
Buying A Second Hand System
Another option to minimise the cost of your EPOS system is to buy a used system. This can be done through a private seller, usually a merchant who has just upgraded their own system, or a refurbishment specialist. These suppliers buy used EPOS systems, recondition them and sell them on. Buying from a commercial supplier means that a warranty, and sometimes support, will be included even if the system is second hand.
Simply fill in our web form for a comparison of EPOS prices and to get help finding the right EPOS system for you. The web form questions have been designed to analyse your business requirements and find suppliers that match your company’s needs. We will send you free tailored quotes from up to four selected suppliers that comply with your requirements. Compare prices now to get the best deals on EPOS systems.