EPOS System Price Guide
EPOS systems can boost your revenue by improving the speed and efficiency of customer transactions. Better customer service leads to higher customer retention rates. They can also help you eliminate inefficiencies in the day to day running of your business and provide detailed sales data to improve the quality of business decision making.
But an EPOS system must provide a return on investment. Choosing the right system at the right price is therefore critical. This guide to EPOS system prices is aimed at the business owner looking for their first system.
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There are several components to an EPOS system, including software, scanners, keyboard, cash drawer and touch screen monitor. You can opt to purchase these separately, or buy an integrated system with these items. When purchasing an EPOS system, you may be offered training for staff, onsite installation and setup, telephone support and onsite hardware maintenance. There may be an initial set up fee, which is priced at around £40.00 per terminal. As a rough guide, a stand-alone EPOS system can cost from £1,000 to £5000.00
PC EPOS System Prices
To upgrade you existing computer into an EPOS System, you can buy an upgrade pack with Actinic EPOS Solo software, receipt printer, cash drawer, barcode scanner and pole display for £899.00. This price is also inclusive of 30 days free telephone support. Alternatively, you can upgrade your existing computer to run EPOS applications for around £350.00. You may need to purchase additional hardware such as printer, magnetic card reader, POS keyboard, keylock, operator monitor, cash drawer and customer display.
For inexperienced users, you can buy an entry-level PC-based system package for around £1599.00. The advantage of such a system is that the software and hardware are pre-configured, so all you will need to do is plug it in. A software package linking EPOS to your accounting system can cost up to £500.00 for each terminal that is linked. In addition to this, you will need software for the back office PC. For a customised EPOS solution that is integrated by specialists into your existing hardware, software and website, it can cost over £10000.00, and are viable options for larger companies or outlets.
EPOS Terminal Prices
EPOS terminals cost between £900.00 and £1400.00. There is the J2 580 EPOS Terminal which costs £899.99, the J2 520ex Epos Terminal at £915.00, the RealPOS 21 EPOS Terminal at £1074.99, the Glancetron EPOS Teminal K400 at £999.99, the 4POS Evo 700 EPOS Terminal at £899.99, the Jarltech 882 EPOS Terminal at £899.99 and the Posiflex KS-6215Z terminal at £1009.00. The data collection terminal Piccolink RF601 is priced at around £1399.00. At the higher end of the price scale is the Epson IR-700 integrated register which is priced at around £2750.00.
EPOS System Peripheral Prices
Barcode scanners include the Voyager which can be found for £199.00, the Metrologic MS3580 Quantum T is priced at £299.00 and the MS7120 is £399.00. The Jarltech 8040 cash drawer is priced at around £69.99, the Jarltech 8045 manual cash drawer is approximately £85.50, or you can find a medium standard cash drawer for around £129.00. A keyboard and mouse pack can cost around £15.00. Receipt printers such as the Epson TM-T88iv printer can be found for £299.00.
Costs for chip and pin machines vary depending on the number of transactions. You can choose to pay per month for each terminal and prices for this are between £19.50 for 1250 transactions and £24.50 for 2500 transactions. Handheld computers can be used for stock taking, booking products and editing prices. The Samsung Q1 handheld computer is priced at around £1399.00. Data entered into the handheld computer immediately updates the central EPOS database.
Software Prices
In terms of EPOS software, prices will vary depending on the size of the network. For a smaller-scale business, there is the Actinic EPOS Solo which is suitable for a single till, and has security features, stock control and reporting. This is priced at around £499.00. For premises with multiple tills that need to be connected through a network, there is the Actinic EPOS Network. Priced at around £899.00, this software has back office functions that allow you to administrate stock and customer information, along with performing stock control, purchase ordering and reporting. It also has the Ecommerce EPOS Link to Actinic Business. For £1999.00 you can purchase the Actinic EPOS Head Office, which is suited to retail businesses with multiple stores. This allows you to synchronise product, pricing and barcode information from a single point, along with reporting and stock control functions. It also includes the Ecommerce EPOS Link to Actinic Business. For each location you will need to purchase an Actinic EPOS Network licence which is around £499.00, and for each till you add to the network, you will need to buy an additional licence.
EPOS System Rental Prices
In terms of lease, rental or purchase finance agreements, you can find a hospitality system from around £15 per week, or a retail stock control system from only £20 per week.
