What Is a POS System?

laundromat investingWhen it comes to choosing the right point of sale (POS) system for your business, there are many variables to consider. With hundreds of POS companies competing for your business, doing your homework before you buy is crucial. There are a multitude of variables that should be taken into consideration before you choose a system. Weighing the costs, features, and benefits of each system can be exhausting. The primary considerations for choosing a point of sale system can be broken down into categories that can help you narrow down the options and give you a better idea of what is and is not essential for your laundromat. Do you want to learn more about laundromat investing? Call T & L and let us walk you through all the details.

Pricing
When it comes to the price of your POS system, you're not only buying the hardware and software needed to run the system. You're also paying for the integrations into your business, the support for your POS system, and credit card processing fees. Deciding whether you can afford to pay a hefty one-time licensing fee with additional charges for upgrades or whether you prefer to pay a monthly fee that includes the support, upgrade and licensing costs is an important decision. Most POS systems rely on some type of hardware to run. Your business may need to invest in tablets, credit card readers, or receipt printers in order to function with many of the most basic POS systems out there. Credit card processing fees also are an additional expense that could influence your decision. These costs can add up quickly. Another fee that can cost your business significant amounts of money is the support fee. Cloud-based systems include nearly 24/7 support in their monthly fee, while software-based systems usually pack an additional charge for tech support.

Features
With so many different POS systems available, choosing the features you need and want to run your business can help you narrow down the available options more quickly. Maybe your laundromat wants to utilize online ordering for the wash, dry, fold service so that customers can schedule their pick up and drop off online. If you are interested in offering a loyalty program or gift cards, your POS software will need to support these functions. Other helpful features of a POS system can include setting pricing by the hours of the day for promotions, like happy hour washes or early bird specials. Making your list of needs and wants lets you ensure that the method you choose meets your requirements now and allows room for your business to grow. You may not be ready for a full scale e-marketing campaign, but when you are, your POS system should be able to support it. Don't just think about your needs now, think ahead to the future.

Easy Laundromat Investing

For more than 40 years T & L Laundry Equipment has been helping laundromat owners stay ahead of the latest trends in the industry with the right equipment, knowledge, and information. We are passionate about the vended laundry industry and know what it takes to help you and your laundromat be successful. Our team works hard to deliver your business the service, selection, and support you need to exceed your customers' demands and deliver a quality, affordable clean every time.

Choosing the right equipment provider for your coin-op is crucial. Why not choose the area's leader in price, selection, and service? Give the T & L team a call today and schedule your appointment with one of our equipment specialists to see the latest product offerings from Speed Queen and Continental today!

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