POS Software Price Factors in Bangladesh
Not all point-of-sale software is created the same. Even the best point-of-sale systems may not perfectly meet your unique needs. Here’s a checklist to help you consider what you need.
Business size:
This has a big impact on POS prices in Bangladesh. Most point-of-sale software plans charge an additional checkout or location.
Number of Features:
Perhaps the most amazing cost factor is the number of features that a POS system must provide. After all, it makes sense that a more comprehensive and more useful system costs more. If you’re not sure which features are essential to your business, discuss details with software developers.
Quality of Function:
Most point-of-sale systems in Bangladesh provide analytical capabilities to display data, but some are more complex than others. More expensive point-of-sale may offer finer-grained data processing options that help streamline the operations of large enterprises.
Industries
Restaurant and retail are the largest industries with their own types of point-of-sale systems, but many niche industries have specialized point-of-sale systems that meet specific needs, from pizza delivery tracking to table layout. Therefore, the price of the POS Software will be different based on customization in Bangladesh.
Potential for Expansion:
If you want to open a new location, keep in mind how much the POS provider of your choice can charge. You can move to a new POS whenever you need it, but choosing the best POS for your growing business can save you time and effort in the long run.
A point-of-sale system consists of software that allows employees to sell and track inventory, and the hardware that runs it. While monitors and card readers are the main hardware components required, many companies also have receipt printers and scanners. Let’s take a closer look at each factor that fits the total price of a POS system.
Cost of POS software in Bangladesh
POS software is usually cloud-based. This means it can be accessed over the Internet (usually in short-term offline mode in the event of a power outage) without the need for internal IT staff to fix the bug. Companies pay a recurring fee that is billed monthly or yearly to use the software.
Most point-of-sale providers fluctuate costs based on three main factors: the size of the business, the number of features required, and the industry in which they belong.
Here are some practical details to consider:
Size:
How many products do you sell and what is your layout?
Terminals:
How many payment terminals does your company need?
Location:
Do you manage one location or a regional franchise?
Industry:
Does your industry need more features than standard point-of-sale products? E-commerce specific POS and retail store specific POS cost will be different.
Hardware Compatibility:
This is not a big deal as most POS software is compatible with most POS hardware.
If you manage a single location with a single register, the average cost of software is between TK 11,900 and TK 500 per month as service charge, but it can be even higher if you are not charged monthly.
For medium operations with multiple locations and broader reporting capabilities, the industry average is TK 22,000 and TK 1200 as a monthly service charge.
What Types of Hardware do You Need for POS Systems in Bangladesh?
POS hardware is less complex than software. You need to buy it once and then you can own it forever. However, it must be compatible with the POS software of your choice.
Monitor & Desktop Computer:
You need a desktop or laptop for software installation and a monitor to run it.
Card Reader:
There are various card reader options. So, you can collect it based on banks and card types.
Receipt Printer:
You need it for a printed receipt.
Barcode Scanner:
Using a scanner makes checkouts in large stores more efficient.
The cost of hardware varies greatly depending on your needs.
