How much does Shopify POS cost a retailer to run compared to other POS software?

One thing retailers often do not consider when choosing POS software is the total cost of ownership. That is, the full cost associated with using that POS software in the b business.

When it comes to Shopify POS, there is the base cost of $56 a month billed monthly. We’re using the billed monthly figure for a meaningful comparison.

Next, you add the transaction processing cost which for Shopify varies between 1.9% or 2% if you use some other payments platform.

So, a retailer doing $750,000.00 a year, that;’s an average gift shop of similar in Australia, that’s $14,625.00 for the transactions and $672.00 for the software, making a total of $15,297.00.

Now, if that retailer was using Tower Systems, the cost would be $2,820.00 for the software rental for 12 months (paid monthly) and $7,500.00 for EFTPOS processing on an average rate – many retailers can get a rate lower by 25% or more. On this average cost, the total Tower Systems related POS software and transaction cost is $10,320.00.

On this real world example, the Tower Systems POS software for an in-store situation costs $4,977.00 a year less. This does not allow for the specific facilities in the Tower Systems specialty retail POS software that are not in the Shopify POS software. Nor does it allow for the easy to access human support Tower Systems offers compared to Shopify POS.

So, an independent small retail business comparing the Tower Systems POS software with Shopify POS can expect to save plenty of money. $4,977.00 on your P&L would look good.

When evaluating a new point-of-sale system, retailers often focus on the entry-level monthly subscription and overlook the total cost of ownership. This represents the full financial impact of the software and payment processing on the business’s bottom line. Total cost of ownership matters.

Take your time. Do your research. Talk to humans since retail is personal after all. be sure of all the facts before you make a decision. Extra time spent now can help you save thousands in the future.

Consider the total cost of ownership. Be thorough in your comparisons.

Note too: prices do change. Don’t rely on the numbers here, check current prices when you’re making your decision.

You can find Tower Systems at www.towersystems.com.au.