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Free POS systems uncovered: Everything you need to consider

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Feyi Oladipo | August 26, 2024

“Before you choose a 'free' POS system, find out what you're really signing up for and how to make the smartest choice for your business.”
4 min read
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    When you see the word "free" attached to a POS system, it’s easy to get excited. But before you dive in, it’s important to understand what "free" really means. There’s often more to the story than meets the eye, and having the full picture can help you make a smart choice for your business.

    The true cost of free POS software

    A free POS software can be a fantastic way to manage sales, inventory, and customer data without adding extra costs to your business. However, while the software itself might not cost you anything, other expenses can start to add up quickly.

    For starters, you’ll likely need hardware like card readers or terminals to make the system functional. These devices aren’t usually included in the “free” offer and can represent a significant upfront investment. Additionally, even with free software, you’ll still have to pay credit card processing fees—a small percentage of each transaction that goes to the payment processor. These fees are standard across the industry, but they can add up, especially if your business processes a high volume of sales. This is why it’s important to choos a payment processor with competitive rates that can help keep these costs manageable.

    Watch out for hidden fees and unfavorable contracts

    Another important consideration with free POS systems is the potential for hidden fees and restrictive contracts. Some providers might offer free software but charge extra for necessary services like PCI compliance, which secures your customers’ payment information. Others like Clover might require you to sign long-term contracts that limit your flexibility if your business needs change.

    It’s crucial to review the terms of any POS provider carefully to ensure you’re not caught off guard by unexpected costs or locked into an agreement that doesn’t work for your business down the line.

    Maximizing your current POS setup

    If you’re already satisfied with your current POS system but are looking for ways to reduce other costs, there are options available. For instance, Helcim’s Smart Terminal API allows you to keep your existing POS setup while benefiting from Helcim’s low payment processing rates. This means you can continue using the system you’re familiar with while potentially lowering your overall costs and enjoying the flexibility Helcim offers.

    Breaking free from unfavorable contracts

    We’ve all been there—trapped in a commitment that no longer serves us, and it sucks. Being stuck in a long-term contract with a POS provider can be especially frustrating when your needs have changed or you’ve found a better option. That’s why Helcim started the Merchant Buyback Program, which helps cover the costs of breaking your current contract and gives you the freedom to switch to a solution that better suits your business. Plus, when you make the switch, Helcim will waive $500 of your processing fees, making it even easier to transition to a provider that prioritizes transparency and flexibility.

    Helcim buyback program illustration

    Break up with bad rates.

    Feeling stuck with your provider? We'll waive $500 of your processing fees when you switch to Helcim.

    Making the right choice for your business

    Choosing a POS system isn’t just about finding something free—it’s about finding value. By understanding the true costs of a free POS system, from hardware and processing fees to potential hidden charges, you can make a decision that supports your business’s growth. Look for a solution that offers transparent pricing, flexible options, and the tools you need to thrive.

    Whether you’re looking to optimize your current setup with a solution like Helcim’s Smart Terminal API or break free from an unfavorable contract with the help of the Merchant Buyback Program, taking the time to evaluate your options carefully will pay off in the long run.

    Ready to get started with Helcim? Sign up here.

    FAQs

    What exactly is included in a free POS system?
    A free POS system typically includes software that helps you manage sales, track inventory, and handle customer data. However, hardware like card readers or terminals, is usually not included and must be purchased separately for the system to function properly.

    Are there any hidden fees with free POS systems?
    Some providers may charge for additional services like PCI compliance or require long-term contracts but Helcim does not. It's important to review the terms with your processors carefully to avoid unexpected costs.

    How do credit card processing fees work with free POS systems?
    Even with free a POS software, you’ll need to pay a small percentage of each transaction as a processing fee. These fees are standard in the industry but can vary by provider.

    Can I keep my existing POS system and still benefit from Helcim’s rates?
    Yes, with Helcim’s Smart Terminal API, you can integrate your current POS setup with Helcim’s payment processing, allowing you to continue using your existing system while enjoying competitive rates.

    What if I’m stuck in a contract with another POS provider?
    Helcim offers a Merchant Buyout Program that can help cover the costs of breaking your current contract, allowing you to switch to a solution that better suits your business.

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