The main difference between Square and PayPal is that Square offers a complete suite of business management tools, whereas PayPal is simply for accepting payments. This difference makes Square a better option for small businesses processing in-person sales. However, PayPal’s name recognition and easy One-Touch payments make it a better solution for online sales. Square…
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Square POS: The Ultimate Guide
Square is a free point-of-sale (POS) app that uses a credit card reader and your phone or tablet to process payments. A POS system is the tool retailers use at the point of purchase to process and manage sales. Square POS includes features like inventory management, customer directories, and sales reports to help retailers manage…
6 Best High-Risk Merchant Services
High-risk merchant services are payment processing services that allow businesses considered to be high risk by banks and standard payment processors to accept credit cards from customers. The best high-risk merchant accounts for small businesses service a variety of industries and products for an affordable rate. Top 6 High-Risk Merchant Services What Are High-Risk Merchants?…
5 Best Cash Registers for Small Businesses
A cash register combines a secure cash box, advanced adding machine, and receipt printer into one operating unit. Many connect to credit card terminals and bar code scanners and some incorporate inventory and point-of-sale (POS) software for added functionality. Best Cash Registers for Small Businesses Small business owners have two overall choices when selecting a…
Clover vs Square: Price, Features & What’s Best
Clover and Square both have easy-to-use point-of-sale (POS) software, a full suite of hardware, and integrated payment processing with online, mobile, and contactless payment tools. The biggest difference between Clover and Square is that Clover has higher upfront and ongoing costs with a few extra features, while Square is more transparent and affordable, making it…
POS System vs Cash Register: What’s Best for Retailers
Having a cash management system is crucial for any retail store owner. A basic cash register may be suitable for some businesses, but most retailers are choosing feature-filled point-of-sale (POS) cash register software programs that run business operations much more effectively. We compare both options to pinpoint what’s best for your business. When To Use…
4 Best Cafe POS Systems for Small Businesses
Cafe point-of-sale (POS) systems help small coffee shops and eateries efficiently manage counter, seated, take-out, and delivery orders. Cafes are usually high-volume and fast-moving, meaning business owners need a durable and sophisticated POS system that’s also easy to use. Based on our evaluations, the best cafe POS systems are: : Best overall cafe POS system…
How To Track and Count Inventory + Free Templates
Conducting a physical inventory count is a tedious, but essential business process. This guide gives you the tools you need to efficiently handle a physical inventory count, and get you started on a process that works for you. You can also download our free inventory templates and follow our quick tips on how to use…
10 Best POS Systems for Small Businesses
A point-of-sale (POS) system is a hardware and software bundle that serves as the nerve center of brick and mortar businesses by centralizing payment processing, automating stock tracking and sales reports, and streamlining customer relationship management. Some POS software is available for free, while other systems cost up to $200 per month for one station….
Stripe vs Square: Which Payment Processor is Right For You?
Stripe is a developer-friendly payment processing solution best for online businesses wanting to add a customizable checkout to their website. Square is an out-of-the-box point-of-sale (POS) and payment processing platform that’s best for small businesses needing an all-in-one solution. When comparing Square and Stripe, the main difference is Stripe requires technical knowledge and needs to…
Inventory Shrinkage: Definition, Causes & How to Prevent It
What Is Inventory Shrinkage? Inventory shrinkage is recorded when a product’s listed quantity-on-hand exceeds the actual physical count. The difference between these two amounts is referred to as “shrink.” In a retail setting, this is sometimes called retail shrink; and in a warehouse or manufacturing business, it’s generally reported as inventory shrinkage. Either way, it…
Retail Inventory Management: Definition & Best Practices
Retail inventory management is stocking products that buyers want, using pricing and promotions to sell profitably, and maintaining inventory at levels that meet demand without over-purchasing. An overall inventory management plan guides how this all gets done, from intelligent purchasing and pricing to procedures covering receiving, inventory counts, and location tracking. In today’s data-driven economy,…