Shopify POS System — Everything You Need to Know
By LitExtension
Introduction
Multi-channel and omnichannel selling are getting more and more attention from business owners as they create more opportunities to generate sales. Therefore, many merchants are looking for a solution to integrate their virtual shop with brick-and-mortar stores and handle their selling processes.
If that’s your case, you’ve come to the right place. In this article, we will provide detailed information about Shopify POS System including:
- What is Shopify POS System?
- How much is it?
- What can Shopify POS System do?
Keep scrolling because this article will answer all your questions. Without further ado, let’s dive right in!
What is Shopify POS System?
Before getting to know more about Shopify POS System, let’s take a quick look at what POS is.
POS stands for point-of-sale, it refers to the stage in which a customer makes a decision to purchase a service or product. A POS system will be in charge of calculating the price, accepting customers’ payments, and keeping track of the sales.
Similar to other POS systems, the Shopify POS system also follows this simple process. It is a user-friendly point-of-sale software that allows store owners to sell from anywhere, both online and in person. It is packed with top-of-the-class store and customer management features. With the Shopify POS system, managing your virtual store and brick-and-mortar business is no longer a catch-22.
This software can sync directly with your Shopify online store to track orders, customers, and inventory from different sale channels. With that being said, even if you are not a Shopify user, it is possible to use the Shopify POS system as a standalone application to install to your physical store.
How much does Shopify POS System cost?
Shopify POS system pricing
Shopify POS system includes two different plans: Shopify POS Lite and Shopify POS Pro. While Shopify POS Lite is already equipped in every Shopify pricing plan, opting for Shopify POS Pro will cost an additional $89 per month for each location. Nevertheless, this option is available for free for all Shopify Plus users.
As a part of the Shopify ecosystem, merchants will receive a 14-day-free-trial for every Shopify POS system plan. Besides, to save more with Shopify, you can commit to an annual pricing plan to earn a good discount.
Additional cost for Shopify POS system
Shopify transaction fee
Though the initial cost for Shopify POS Lite and Shopify POS Pro is fixed, store owners should be aware of the additional fee that Shopify charges for each transaction. This transaction fee varies depending on your choice of pricing plan. The higher the subscription tier is, the lower the extra sum of money will be.
For example, for Shopify POS Lite, a Basic plan will charge an additional 2.9% plus 30 cents for each online transaction. Meanwhile, for an Advanced Shopify user, this online credit card rate will be 2.4% and 30 cents.
Please note that along with the monthly subscription, store owners will have to pay an extra fee charged by their payment processor. This processing fee will cost from $0.5 to $2 per transaction based on your pricing tier and payment gateway. To avoid this extra cost, consider using Shopify Payment as your payment provider.
Hardware cost
On another note, for physical store owners, it is important to integrate their Shopify POS system into a piece of hardware. This software can connect with any devices running in the iOS or Android operating system. Merchants can equip additional POS hardware like card readers, receipt printers, and barcode scanners to speed up the in-store check-out process.
These pieces of hardware are available on the Shopify store. The price for the standard accessories starts from $29 and can add over $299 to your initial setup expense.
What can Shopify POS System do?
Now that we have a comprehensive overview of Shopify POS system pricing, let’s move on to all the features that the Shopify POS system can offer.
Store Management
Shopify POS system comes with top-of-the-class features to help merchants manage their products, staff, and inventory. With this point-of-sale software, store owners can add unlimited products to their POS, group products automatically using the smart collection feature, and create product variants based on its colors or materials.
This software also plays an important part in tracking inventory status. Merchants are able to keep an eye on their products as they are transferred or received between different sale channels. It will help you handle both online business and brick-and-mortar stores in a breeze.
On another note, staff management using the Shopify POS system is not a difficult job. It allows store owners to create unique PINs for each staff member using an admin account. The login pin will help merchants keep track of orders and any cash register activity of staff members.
However, please keep in mind that the Lite version is only able to add a finite number of employees to your POS. To have unlimited staff members and assign their roles and accessibility, you should upgrade to the Shopify POS Pro plan.
Customer management
Shopify POS system is a useful tool to capture customers’ information and turn them into loyal brand advocates. Store owners can create a new customer profile right from the moment they walk into the store or after they make a purchase. Each time a buyer successfully completes a transaction, their information will be added immediately to their customer profile.
With this feature, the Shopify POS system allows store owners to keep track of every customer coming to their store, including information about their total orders, total spent, details from their past purchases, or any other notes from previous interactions. These pieces of information will come in handy when categorizing customer groups or making products recommendation for upselling and cross-selling purposes.
Besides, a customer profile on the Shopify POS system can provide customers’ personal information like contact, shipping address, email. It will generate a huge amount of leads to grow your email list. These email addresses will be beneficial when executing marketing campaigns for future sales and promotion events.
Checkout
Shopify POS system comes with a customizable “smart grid” system that allows store owners to speed up their checkout process. This grid keeps all the vital features like products, discounts, shipping options right at your fingertips. These features will improve staff’s efficiency and help serve customers faster. What’s more, you can fully personalize this smart grid to better fit your workflow.
This point-of-sale software also comes with a “global search” function. This search allows you to quickly access any products and variants that match the keyword and add them to the cart directly. Besides, store owners can easily add custom discount codes on the main screen before completing the checkout.
Report and analytics
When it comes to report and analytics features, the Shopify POS system provides a comprehensive view of your business. This point-of-sale software grants users access to a wealth of different reports including retail sales, cash flow, finance, discount, product, daily sales,… Each report focuses on a specific eCommerce metric that helps you gain insight into your store’s growth.
On another hand, Shopify also offers an overview report that lets store owners see how well their stores are doing at a glance. This report includes fundamental information for your business like sales, tax, discounts, and shipping fees. With this overview report, the Shopify POS system helps store owners track the store’s performance and find a way to increase sales.
Shopify POS System — FAQ
What does POS stand for?
POS stands for point-of-sale. It refers to the stage in which a customer makes a decision to purchase a service or product.
What is the difference between Shopify and Shopify POS?
Shopify is a top-of-the-class eCommerce platform that offers a wealth of features to build an online business. Meanwhile, Shopify POS is a software integrated with Shopify that is in charge of customer-facing activities.
What is the difference between Shopify POS Lite and POS Pro?
While the Shopify POS Lite is available free of charge for every Shopify user, Shopify POS Pro requires an additional cost of $89 per month for each location. Shopify POS Pro provides advanced point-of-sale features like unlimited staff, in-store pickup, or smart inventory.
Conclusion
To conclude, the Shopify POS system is a top choice when it comes to point-of-sale applications. This software offers top-of-the-class features that unify an online store and a brick-and-mortar business. With the Shopify POS system, you can easily track your inventory, orders, customers from everywhere and ensure a smooth customer experience.
If you want to migrate to Shopify to make full use of this Shopify POS system, please consider using LitExtension, the #1 shopping cart migration expert. With over 10 years of experience in the market, LitExtension guarantees to transfer all your products, customers, orders quickly, accurately, and securely. Outstandingly, LitExtension ensures 100% uptime for your store, which means you can keep generating sales during the mỉgration.
In case you have any questions or inquiries, don’t hesitate to contact our 24/7 customer support team to get your problems resolved as quickly as possible.
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