Top Tips for Saving Money on POS Systems

Credit card processing fees are a cost that we’ve learned to accept. But, what if there are ways we can save on fees? POS systems offer businesses a quick and easy way to get paid, but that doesn’t mean you have to trade-off for extra expenses. 

Finding ways to save money is on every business owner’s to-do list. But, where do you start? It’s difficult to determine which fixed costs are actually negotiable, but the first place to look is usually your POS system.  

Start saving now with our top tips for the most affordable POS system you’ve ever had. 

Shop around for multiple offers. 

There are plenty of merchant service providers out there that actually can save you money from the start. Reach out to a few that meet your initial requirements for a free quote or product demo. You can save additional money if you bundle your software, hardware, gift cards, and e-commerce, too. Just ask your provider options what options there are. 

At Riverside, we believe that you should get the best product, service, and price — no matter what. Don’t take anything less than the best. 

Negotiate a lower credit card fee. 

Credit card fees are a huge expense for small business owners. Get a breakdown of all the processing fees that the processor is holding you to. Request that the processor send you a sample of a monthly statement. Once every detail of the contract is out in the open, you have the power to negotiate. 

Save reports.

Get the most out of your investment by tracking your daily, weekly, and monthly reports. What is selling the most? What is the busiest time of business? Which day of the week is the most revenue-generating? These are all insights that you should know and use to lean up other parts of your business. 

Email the receipt. 

The days of paper receipts are limited, thanks to technology. A good POS system should give customers an option. By emailing the receipt, you are not only being a little more “green”, but you can also save money on paper orders. You’ll also be able to grow your email list by offering an opt-in option to promotional emails on the receipt. 

Ask for a hardware update

These days, new technology options are available all the time. POS systems are becoming more and more vital for a business to remain competitive. If you haven’t upgraded in a while, it’s okay—you can do it whenever you’re ready. 

Looking to work with a merchant service provider that actually saves you money?

Contact Riverside Payments to get started with a free quote. Our mission at Riverside Payments is to offer the best product, best price, and best service, nationwide. We are committed to the best interests of our clients as we continue to offer the most cutting edge technology.

Download our latest ebook to learn of the biggest mistakes restaurant and bar owners make when choosing their POS systems.