Connect with us

Business Software

QuickBooks for Nonprofits: Costs, Pros and Cons, Alternatives

Published

on

QuickBooks for Nonprofits, a line of accounting software for small to midsize nonprofit organizations, features nonprofit editions of QuickBooks products with donation tracking, bookkeeping, invoicing and other accounting functions. In addition, QuickBooks offers discounted products for nonprofits through TechSoup for both nonprofit and other editions of the software, a great deal for organizations with a tight budget. In this review, the term “QuickBooks for Nonprofits” will refer to nonprofit editions of QuickBooks Premier.

Compared to other accounting software for nonprofits, QuickBooks is simple, though it may initially take some time to learn. Nonprofits can choose to either use QuickBooks Premier Desktop (which comes in nonprofit editions) or QuickBooks Online, depending on their needs. QuickBooks Online makes it easy to give the volunteers who help with accounting functions access only to the QuickBooks features they need. And if you do need professional help with your accounting, it is easy to find an accountant who is familiar with QuickBooks products.

Deciding factors

Note: QuickBooks has adopted a subscription model for Premier products starting with QuickBooks Premier 2022. Pricing for QuickBooks Premier 2022 is not currently available through TechSoup. Pricing does not include any add-on features, such as payroll or applications.

QuickBooks Online Plus (5 users, 1-year subscription): $75 through TechSoup.

QuickBooks Online Advanced (25 users, 1-year subscription): $160 through TechSoup.

QuickBooks Premier 2021 (desktop, 1 user): $78 through TechSoup.

QuickBooks Premier 2021 (desktop, 3 users): $168 through TechSoup.

QuickBooks Enterprise Nonprofit (desktop, scales to up to 30 users): starting at $130/month through QuickBooks.

Maximum number of users

Varies by product.

Ease of sharing with accountants

Excellent. QuickBooks Online users can invite their accountants to access their QuickBooks information directly. QuickBooks Premier and Enterprise users can send an accountant’s copy or use a shared server to share data with their accountants.

Scalability

Excellent. Upgrades are available for each QuickBooks product, either directly or in the form of add-on applications.

Ease of use

Good. QuickBooks products require some training, but support is easy to find.

How does QuickBooks for Nonprofits work?

As with other QuickBooks products, QuickBooks for Nonprofits requires users to enter transactions using familiar-looking forms (invoices, bills, checks, etc.). The accounting happens in the background. It makes it easier for employees and volunteers who are not accountants to assist your nonprofit with some bookkeeping.

Overall, QuickBooks for Nonprofits really shines when it comes to fund accounting and reporting. Even though the nonprofit editions work in much the same way as other QuickBooks products, the back-end setup for nonprofits ensures your books are kept — and reporting is done — in compliance with best practices for nonprofit organizations. You can customize, save and automate the delivery of the reports your board of directors and donors need. And perhaps most importantly, it can help you organize the information you need each year to file your Form 990, the “return of organizations exempt from income tax” document that provides public financial information about the organization.

QuickBooks discounts for nonprofits

QuickBooks partnered with nonprofit tech marketplace TechSoup to offer discounted software and subscriptions to nonprofit organizations.

Of the options, the QuickBooks Online Plus options don’t come with a nonprofit edition but can be used for nonprofit work:

  • QuickBooks Online Plus (5 users, 1-year subscription): $75 through TechSoup.

  • QuickBooks Online Advanced (25 users, 1-year subscription): $160 through TechSoup.

The desktop versions do have nonprofit editions:

  • QuickBooks Premier 2021 (desktop, includes nonprofit edition, 1 user): $78 through TechSoup.

  • QuickBooks Premier 2021 (desktop, includes nonprofit edition, 3 users): $168 through TechSoup.

  • QuickBooks Enterprise Nonprofit (desktop, scales to up to 30 users): starting at $130 a month through QuickBooks.

It’s important to note that, starting with QuickBooks Premier Desktop 2022, Intuit has adopted a subscription-based model. A discounted subscription for QuickBooks Premier is not yet available through TechSoup. Suppose your nonprofit needs features beyond basic accounting — including payroll, customer support and data backups — and you want to use a desktop version of QuickBooks. In that case, your pricing will be as follows:

QuickBooks Premier Plus (annual subscription; nonprofit version available)

  • One user: $549.99.

  • Two users: $849.99.

  • Three users: $1,149.99.

  • Four users: $1,449.99.

  • Five users: $1,749.99.

QuickBooks Enterprise Nonprofit

  • Starts at $130 a month.

QuickBooks Enterprise Nonprofit is a robust platform suitable for larger nonprofit organizations. Small to midsize nonprofits will be best served by QuickBooks Premier, QuickBooks Premier Plus or one of the QuickBooks Online options.

Benefits of QuickBooks for Nonprofits

Easy to find support

Most professional accountants and bookkeepers — and many business owners — are familiar with QuickBooks products. So whether you need an accountant’s help or want to enlist the support of your volunteer team for bookkeeping, you likely will be able to find people who can support you.

Scalability

It’s easy to start with a smaller QuickBooks product (like QuickBooks Premier) and convert to a more robust product (like QuickBooks Enterprise Nonprofit) as your nonprofit grows. This helps you better budget your nonprofit’s technology dollars. You can also customize your nonprofit’s accounting and fundraising functions using the various add-on applications available.

Drawbacks of QuickBooks for Nonprofits

Price

The biggest drawback of using QuickBooks for Nonprofits is the price. If your nonprofit’s accounting needs are basic, the discounts available through TechSoup can offset much of the cost. If, however, you need more than what’s available through TechSoup, you could easily spend much more for QuickBooks than for other nonprofit accounting software.

Alternatives to QuickBooks for Nonprofits

For small organizations: Aplos Accounting

Unlike QuickBooks, Aplos was explicitly designed for nonprofits. As a result, it is especially suited for churches and small nonprofit organizations.

Aplos includes:

  • Fund accounting functionality.

  • The ability to accept donations online.

  • Donor management.

  • Email marketing.

The price for Aplos is perfect for nonprofits, too. Pricing ranges from $59 to $79 a month for most users. Customization starts at $179 a month if you need advanced accounting solutions.

For large organizations: Blackbaud Financial Edge

Blackbaud is the gold standard for nonprofit accounting and management. Its module-based system lets you choose the right solutions for your nonprofit organization.

Financial Edge by Blackbaud is a cloud-based fund accounting solution. Like all of Blackbaud’s products, it was designed specifically for nonprofits.

Financial Edge provides all the features you would expect from enterprise-level software, plus some:

  • Fully compliant fund accounting.

  • Financial planning and analysis, including budgeting and reporting compliant with the Financial Accounting Standards Board.

  • Grant accounting and administration.

  • When paired with Raiser’s Edge, Blackbaud’s donor management solution, you have fully functioning enterprise resource planning for your nonprofit.

As you might expect of a software company with customizable products, Blackbaud does not publish its pricing. Instead, it provides a custom demo and quote based on your nonprofit’s needs.

Advertisement

This post was originally published on this site

Continue Reading

Business Software

Best Barcode Label Printers for Small Business

Published

on

The best barcode label printers make it easy to create and print codes that help you track your inventory. Thermal printers, which use heat to print, eliminate the need for ink and can print hundreds of labels per minute.

Some barcode printers are also compatible with point-of-sale systems, so keep an eye out for your preferred software. However, just because your POS system isn’t listed doesn’t mean you can’t use the associated printer; it may just require exporting and reformatting your labels to print from a computer.

Rollo Label Printer: Best overall

Cost: $180.

  • Phone, chat and email support.

  • Integrated shipping platform.

  • Option to print for a wide size range, from barcodes to shipping labels.

  • Not wireless; connects through USB.

Why we like it: The Rollo is the industry standard for shipping label printers, and it works for barcode labels and a variety of other uses, too. You can print on any direct thermal label, including free UPS labels, unlike other brands which are only compatible with their own branded label paper. The device is compatible with Windows, Mac, and all major shipping platforms and marketplaces including Shopify and Etsy. The wireless version is available for about $280.

Brother QL-810W: Best for portability

Cost: $180 and up.

  • Wireless connectivity.

  • Lightweight and compact.

  • Compatible with Mac, Windows, and mobile apps AirPrint and Brother iPrint&Label.

  • Prints in black and red. (Most label printers only print in black.)

  • Software can be complicated to set up.

Why we like it: Brother’s QL line of label printers are lightweight and durable. Reviews note some difficulties with setup, but once online these devices are among the best for wireless, high-speed and portable label printing. You can access and customize label templates with the Brother iPrint&Label mobile app. This model is our top pick, but the QL-800 and QL-1100 are similar in function and price.

Zebra ZD421: Best for durability

Cost: $440 and up.

  • Compact
  • Compatible with Android and iOS.

  • Wireless connectivity.

  • Can be used for shipping labels.

  • Pricier than other options.

Why we like it: Zebra makes reliable, industrial-quality printers that can withstand long-term use. Reviewers say the ZD421 is a consistent, speedy model. Like other Zebra printers, it’s ideal for high-volume retail businesses and warehouses. Zebra printers are an investment, but they’re known to be high-performing and long-lasting.

Phomemo-M110: Best low-cost option

Cost: $66 and up.

Compatible business software not available.

Pros

  • Low
  • Lightweight and portable.

  • Bluetooth connectivity.

  • Android and iOS app includes label templates and editing feature

Cons

  • Less powerful than higher-priced options.

  • Only for barcode and product labels; can’t create shipping labels.

  • Only compatible with Phomemo app.

Why we like it: The Phomemo-M110 is small, but fully capable. It’s a great option for businesses making sales on-the-go, like at farmers markets and festivals. The rechargeable device is unlikely to last as long as most of the other options listed here, but it works well for businesses on a budget. For a slight upgrade, the Phomemo-M220 for $91.99 can connect with USB and has more label size options.

Dymo LabelWriter 550: Best high-speed option

Cost: $150 and up.

Compatible business software includes: Shopify, Lightspeed, Square.

  • Compatible with Mac and Windows.

  • Can print directly from e-commerce websites, including Shopify and Etsy.

  • Can only be used with authentic Dymo brand label paper.

  • Not wireless; connects through USB.

Why we like it: The LabelWriter is a high-speed device, printing up to 90 labels per minute. You can access and customize templates with the company’s free software, and print in high resolution. However, newer Dymo models, including this one, are only compatible with Dymo-brand paper, so materials can get costly. For a larger option that can print shipping labels as well as barcode labels, try the similar LabelWriter 4XL.

Advertisement

This post was originally published on this site

Continue Reading

Business Software

Accion Business Loans: 2022 Review

Published

on

Our Take

The bottom line: Accion loans are a good option for borrowers who’ve been in business for three months or more and have been turned down by other lenders.

Pros and Cons

Pros

  • A broad range of loan amounts from $5,000 to $100,000.

  • Loans are available to businesses in operation for as little as three months.

  • Expanded credit guidelines for borrowers.

  • Customized loan terms.

  • No prepayment penalty.

Cons

  • It can’t be used to get a business off the ground.

  • Shorter loan repayment periods of one to five years.

  • Slow processing speed compared to online lenders.

  • Not available in all U.S. states.

Full Review

Accion Opportunity Fund is a nonprofit community lender offering customized loans to small business owners throughout most of the U.S.

Over 80% of Accion clients identify as women, people of color or immigrants. In addition to small business loans, educational resources and coaching support in English and Spanish are also provided.

Accion is best for borrowers who:

  • Prefer customized options. Loan terms are structured based on your business needs.

  • Don’t have perfect credit. Factors other than your credit score can be used to determine qualification.

  • Have new businesses and can’t get funding elsewhere. Businesses only need to be in operation for three months to apply.

Accion loan features

Loan amount

From $5,000 to $100,000.

Interest rates

5.99% to 14.99% for Small Business Progress loans.

4% subsidized rate for Southern Opportunity And Resilience, or SOAR, loans for businesses located in certain southern states.

Origination fees

3.99% to 6.99%.

12, 24, 36 or 60 months.
(No penalty for repaying early.)

Repayment schedule

Funding speed

5-7 days for loan application to be processed.

Where Accion stands out

Expanded credit guidelines for borrowers

Accion says that most of its borrowers have not been able to get loans with traditional lenders because they have poor credit, no credit history or require a small loan amount. Accion can use more than a borrower’s credit score to determine qualification for a business loan.

Customized loan terms

Accion can structure a loan to meet your specific business needs. After submitting an application, you may be able to choose from several loan options with different term lengths, interest rates and payment amounts. In addition, if Accion can’t provide a loan, it will refer you to one of its partners or provide other financing options for you to explore.

Additional services offered

Accion does more to help small businesses than just offering loans. Business coaching and mentoring are also available. You can set up an appointment for one-on-one assistance provided by a business expert. Your coach can also help you enroll in training programs to enhance your leadership skills. In addition, its resource center offers videos, articles, and interactive learning materials.

Where Accion falls short

Funds can’t be used to start a business

Accion loans are designed to support existing small business owners. But, again, your business must be in operation for a minimum of three months to qualify for an Accion loan. That means you won’t be able to use loan funds to start a business.

Loan programs aren’t available in all U.S. states

Accion loans are available in most U.S. states, but you won’t be eligible if your business is located in Montana, North Dakota, South Dakota, Tennessee or Vermont. Also, Southern Opportunity and Resilience (SOAR) funding is limited to businesses located in Alabama, Arkansas, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Texas, Virginia, or Washington, D.C.

Accion loan requirements

  • Credit score: No minimum required.

  • Time in business: Minimum of 3 months in business.

  • Annual revenue: Varies depending on the loan program.

How to apply for a loan from Accion

After completing an application online, you’ll receive a quote. Accion says that the quote won’t affect your credit score. You will need to provide some basic information about your business, including revenue and expenses. Accion will then review your loan options with you, including interest rates, repayment amounts and the repayment period. If there are no options that work for you, Accion can refer you to other resources.

If you decide to move forward with the loan offer, you’ll be asked to provide documents that Accion can use to verify the information you provided on your application. After that, your loan will be finalized; you’ll sign loan documents and then receive funds.

Alternatives to Accion

SBA loan

An SBA loan is another option to consider. These loans are offered through banks but partially guaranteed by the Small Business Administration. This can make it easier to qualify because the lender takes on less risk. In addition, funds from an SBA loan can be used to start a business. This differs from an Accion loan, which requires your business to operate for a minimum of three months to qualify. SBA loans also offer flexibility when a borrower has less-than-perfect credit.

Kiva U.S.

Kiva is another nonprofit that is an option to ponder. You can get up to $15,000 at 0% interest if you qualify. Kiva loans don’t require a minimum credit score or collateral. Still, there are other eligibility requirements, such as the business must be based in the U.S. and you can’t currently be in foreclosure, bankruptcy or under any liens. One unique Kiva provision is that borrowers are asked to demonstrate their strength of character by having friends and family make loans to them.

Compare business loans

If you’d like to compare loan options, NerdWallet has a list of best small-business loans. All of our recommendations are based on the lender’s market scope and track record, the needs of business owners, rates, and other factors so that you can make the right financing decision.

Advertisement

This post was originally published on this site

Continue Reading

Business Software

13 Best Credit Card Readers for Small Businesses

Published

on

A credit card reader is essential to many small businesses, and choosing the right card reader can help your company operate more smoothly.

The best choice depends on your budget, features needed and whether you’re accepting payments at a counter or on the go. Some card readers — such as those that work with iPhones — are portable, while others are attached to a countertop register. A basic card reader without a screen is the cheapest option, and sometimes free. A comprehensive POS system, on the other hand, comes with sophisticated features and can cost over a thousand dollars.

Below is a list of the best credit card readers for small businesses and what they can do for your business.

Quick comparison: Take a quick side-by-side look at our top picks in this table.

Accept payments without worry

See our payment provider recommendations that fit your business.

 

Square Contactless and Chip reader

Best free option with basic functions

A man holds the contactless and chip reader by Square while running a credit card

Image courtesy of Square

Style: Connects to compatible phone or tablet via Bluetooth.
Price: $49 for reader and $29 for optional dock.
Fees: 2.6% plus 10 cents for most in-person transactions; no monthly fees.

Square’s contactless and chip card reader enables you to accept credit cards with chips and digital wallets, such as tap-and-pay credit cards and smartphone apps, including Apple Pay, Google Pay and Samsung Pay. It uses Bluetooth technology instead of connecting directly to a device, which means you don’t have to keep your cell phone or tablet out with you all the time.

The reader must be charged, but the charging dock can double as a support for the reader for a counter or table. You can also charge it with a USB charger.

   

Has a compact design.

Doesn’t swipe credit cards.

Reads chip cards, digital wallets and contactless cards.

Takes up to two hours to charge.

 

Best for on-the-go payments for all card types

A white square Clover Go card reader

Courtesy of Clover

Style: Connects to compatible phone or tablet via Bluetooth.
Price: $99 for reader.
Fees: Varies from 2.3% plus 10 cents up to 3.5% plus 10 cents depending on method.

This credit card reader by Clover works with phones and tablets via Bluetooth. It also processes every type of credit card payment your customers could want: magstripe-only cards, chip cards and contactless payments. It costs $99 and requires users to purchase a monthly plan.

Features depend on the plan you choose. The Essentials Plan for $9.95 per month provides basic payment processing, inventory management, taxes, reporting and employee management with 24/7 support.

   

Includes interest-free installment plans.

Takes about 2 hours and 20 minutes to charge.

Charges via standard USB charger.

Requires a monthly fee for advanced POS features.

Uses passcodes for employees.

 

PayPal Zettle

The PayPal Zettle card reader sits on a coffee shop counter

Image courtesy of PayPal

Best for PayPal and Venmo payment options

Style: Connects to compatible phone or tablet via Bluetooth.
Price: $79 for reader; new customers can get their first one for $29.
Fees: Varies by method, starting at 1.9% plus 10 cents for PayPal and Venmo QR code transactions over $10.

PayPal’s Zettle accepts chip and contactless payments, but it doesn’t read magstripes. It does, however, let customers pay with QR codes on PayPal and Venmo platforms. Its POS software offers invoice creation, inventory management, tracking sales performance and more.

Transaction fees generally fall in line with competitors with lower rates available for transactions made by QR code. All funds go into your PayPal account rather than a bank account. You’ll need to request a transfer to move the funds to your business bank account before you can use them outside of PayPal.

   

Has lower rates for PayPal and Venmo platforms.

Deposits funds into your PayPal account, not a bank account.

Includes new customer discount for first reader purchase.

 

Has a screen to show transaction details.

 
 

SumUp Plus

A customer holds a credit card up to the SumUp Plus reader

Image courtesy of SumUp

Best for a low-cost do-it-all reader 

Style: Connects to compatible phone or tablet via Bluetooth.
Price: $19 for reader.
Fees: Varies from 2.75% and up depending on method.

Powerful and compact, the SumUp Plus credit card reader works through Bluetooth with Apple and Android devices and promises more than 500 transactions on one charge. In addition to having a screen to show transaction details, the reader comes with a few helpful POS software features, like inventory management and permissions for employee access, as well as customizable invoicing. However, you might find that the overall POS is lacking when compared with the more robust options on the market.

SumUp charges only for transactions and doesn’t require a monthly fee. You can order the reader for $19 and start accepting card transactions in a matter of minutes once it’s connected to the SumUp app.

   

Accepts swiped, inserted and contactless payments.

Has less robust POS software features.

Has a screen that displays transaction details.

 
 

Clover Flex

A hand holds a white Clover Flex credit card reader

Image courtesy of Clover

Best for an all-in-one handheld system

Style: Standalone handheld reader.
Price: $499 for reader; monthly contract required.
Fees: Varies from 2.3% plus 10 cents up to 3.5% plus 10 cents depending on monthly plan.

The Clover Flex is a small but powerful handheld credit card reader. It can process all three credit card payment types, scan bar codes and even print receipts. It’s one of the few options in this category that has its own screen, removing your personal device from the equation and allowing customers a bit more of a professional experience when checking out on the spot.

Depending on your monthly plan, the Clover Flex can help you manage inventory, view sales data and set up individual logins for employees. It costs $499, but the company offers payment plans to break up the cost. Payment processing rates depend on your pricing plan.

   

Works without connecting to a personal device.

Requires an initial investment.

Has payment plans available.

Requires monthly plan for advanced features.

Has a free monthly plan for basic features.

 
 

Helcim Card Reader

Best for low-cost transaction fees with volume-based discounts

Style: Connects via Bluetooth.
Price: $109 for the reader.
Fees: Varies by card type and monthly average transaction total.

Helcim’s card reader processes all three types of payments and connects via Bluetooth, meaning it needs to be charged. It also provides POS software with well-developed features, including customer management and inventory tracking that notifies you when your supply gets low. A standout feature is its self-service portal, which allows customers to log in to see their payment information and purchase history.

Helcim’s processing fees can be difficult to calculate because it bases its fees on the type of card and interchange fees, which are set by card networks. It also offers volume-based discounts based on transaction tiers. The more you average in transactions per month, the higher your discount. The processor doesn’t require you to sign a contract, choose a monthly fee or pay to cancel your service.

   

Has volume discounts available.

Might change processing rate if monthly transaction average drops.

Has robust POS software features.

Might be difficult to calculate monthly cost in advance.

 

Toast Go 2

The handheld Toast Go 2 swiping a credit card.

Image courtesy of Toast

Best for tableside payments at restaurants

Style: Standalone handheld reader.
Price: $389 plus $50 per month.
Fees: Typically quote-based; lowest listed price is 2.49% plus 15 cents per in-person transaction in Standard Starter plan.

The Toast Go 2 allows you to submit orders at tables and accept all three styles of payment. It’s also spill proof, will hold a charge for 24 hours and has a 6.4-inch touchscreen for quick checkout. The free version of Toast’s POS software comes with basic features, including point-of-sale and payment processing, but advanced features are available with paid plans.

The free pay-as-you-go monthly plan with basic features has a processing rate of 2.99% plus 15 cents for every in-person transaction. That rate drops to 2.49% plus 15 cents if you pay for your hardware upfront. Other plans come with quote-based pricing. One downside: The company requires contracts with a standard term of two years.

   

Is designed specifically for restaurants.

Requires quotes for advanced monthly plans.

Offers 24/7 customer support.

Requires a contract.

Is versatile and durable.

 
 

Square Terminal

A woman inserts a credit card into the Square terminal

Image courtesy of Square

Best compact countertop reader

Style: Standalone countertop reader.
Price: $299 for the reader.
Fees: Varies from 2.6% plus 10 cents up to 3.5% plus 15 cents depending on method; no monthly fees.

Square Terminal allows you to accept all three methods of credit card payments: chip, contactless and magstripe. And priced at $299, it comes in on the lower end of the all-inclusive card readers.

The company’s standard flat-rate processing fees apply and depend on whether you run the card in person or enter it manually. There’s no monthly contract.

   

Doesn’t require a separate device.

Can take over four hours to charge.

Shows transaction details.

 

Is compact and easy to use.

 
 

Square Stand

A customer signs on a Square Stand card reader in a bike shop

Image courtesy of Square

Best iPad-compatible register

Style: Register that connects to compatible iPad.
Price: $169 for the reader.
Fees: Varies from 2.6% plus 10 cents up to 3.5% plus 15 cents depending on method; no monthly fees.

The Square Stand is designed specifically for a single smart device: the iPad. Snap an iPad into the Square Stand, and use it as a desktop point-of-sale. The configuration allows you to provide a larger screen for transaction details, and the swivel feature allows customers to sign on the iPad without having to pass the device around. It can process magstripe, chip and contactless payments and connect with a receipt printer. However, it works only with certain iPad models.

The company’s standard fees of 2.6% plus 10 cents apply for credit cards and can raise up to 3.5% plus 15 cents for methods outside a swipe, chip or contactless payment.

   

Swivels for customers to use.

Only works with certain iPad models.

Can be mounted to a countertop.

 
 

Clover Mini

A Clover Mini card reader

Image courtesy of Clover

Best all-in-one register

Style: Standalone countertop register.
Price: $749.
Fees: Varies from 2.3% plus 10 cents up to 3.5% plus 10 cents, depending on monthly plan.

The Clover Mini is a countertop setup that doesn’t require a tablet. It allows your business to accept all types of payments, print receipts and scan barcodes. You also get some nifty POS features, including inventory, customer and employee management functions with paid monthly plans.

This product is $749. Payment processing rates depend on your Clover pricing plan.

   

Can be mounted to a countertop.

Requires paid monthly plan for advanced features.

Works without an iPad.

 

Has free monthly plan available.

 

Has payment plans available.

 

Clover Station Solo

A Clover Station with a screen faces the reader with a chip reader beside it

Image courtesy of Clover

Best full register with a single screen

Style: Standalone countertop register.
Price: $1,349.
Fees: Varies from 2.3% plus 10 cents up to 3.5% plus 10 cents, depending on monthly plan.

The Clover Station Solo is a register-style system that offers merchants a 14-inch high-definition screen and a receipt printer for the full checkout experience. The system works with Clover’s POS for retail, offering payment processing, inventory and staff management, reporting and more. For restaurants, the Station Solo fits nicely with customizing and tracking orders, managing table mapping and much more for streamlined service.

   

Has fingerprint login.

Requires one of the larger upfront investments.

Uses fast processing speeds.

Doesn’t have a free monthly plan option.

Has robust POS software options.

 
 

Square Register

A customer pays with their cell phone on the Square Register in a bakery

Image courtesy of Square

Best full register setup with a customer-facing screen

Style: Standalone countertop register.
Price: $799 for reader.
Fees: Varies from 2.6% plus 10 cents up to 3.5% plus 15 cents depending on method; no monthly fees.

The Square Register is the first fully integrated credit card scanner system from Square and is a complete countertop POS system that can accept magstripe, chip card and contactless forms of payment. It boasts two screens — one for the employee and one for the customer to show transaction details — for a seamless experience. It also offers an extra-long cable that allows businesses to separate the Register and customer’s screen to encourage social distancing. Its software provides merchants inventory, employee and customer relationship management functions, plus a reporting suite where you can view sales data.

This small-business credit card reader option will cost your business $799, but there are payment plan options available. It processes transactions at the standard Square rates.

   

Has two screens.

Must be plugged in at all times.

Can be mounted to a countertop.

 

Has advanced apps and software options.

 

Clover Station Duo

Clover's Station Duo with a screen on top of a cash drawer, a receipt printer beside it and a customer screen facing the reader.

Image courtesy of Clover

Best system for full checkout experience

Style: Standalone countertop register with dual screens.
Price: $1,649.
Fees: Varies from 2.3% plus 10 cents up to 3.5% plus 10 cents, depending on monthly plan.

The Clover Station Duo ups the game with a combination of a 14-inch screen for you and a 7-inch screen for your customers. This makes it easier for customers to confirm orders and pay however they want — credit card, debit card, and contactless payment methods. Designed for retail and restaurant environments, the Station Duo offers the same features of the Station Solo with more power.

While this option tops the list for the most expensive system, the Station Duo is currently sold with a cash drawer and a receipt printer, giving you the gamut of checkout features.

   

Has fingerprint login.

Requires one of the larger upfront investments.

Uses fast processing speeds.

Doesn’t have a free monthly plan option.

Has robust POS software options.

 

Has two screens.

 
 

Make payments make sense

Find the right payment provider to meet your unique business needs.

Credit card readers comparison table

     

Payments accepted

 

Additional device required

Square Contactless & Chip Reader

Bluetooth.

$49 (reader); $29 (dock).

Chip and contactless.

2.6% plus 10 cents and up.

Compatible smartphone or tablet.

 

Bluetooth.

 

Chip, contactless and magstripe.

2.3% plus 10 cents and up.

Compatible smartphone or tablet.

PayPal Zettle

Bluetooth.

 

Chip and contactless.

1.9% plus 10 cents and up.

Compatible smartphone or tablet.

SumUp Plus

Bluetooth.

 

Chip, contactless and magstripe.

2.75% and up.

Compatible smartphone or tablet.

Clover Flex

   

Chip, contactless and magstripe.

2.3% plus 10 cents and up.

 

Helcim Card Reader

Bluetooth.

 

Chip, contactless and magstripe.

Varies by card type and monthly transaction average.

Compatible smartphone or tablet.

Toast Go 2

   

Chip, contactless and magstripe.

2.49% plus 15 cents and up.

 

Square Terminal

   

Chip, contactless and magstripe.

2.6% plus 10 cents and up.

 

Square Stand

   

Chip, contactless and magstripe.

2.6% plus 10 cents and up.

Compatible iPad.

Clover Mini

   

Chip, contactless and magstripe.

2.3% plus 10 cents and up.

 

Clover Station Solo

   

Chip, contactless and magstripe.

2.3% plus 10 cents and up.

 

Square Register

   

Chip, contactless and magstripe.

2.6% plus 10 cents and up.

 

Clover Station Duo

   

Chip, contactless and mapstripe.

2.3% plus 10 cents and up.

 
 

Advertisement

This post was originally published on this site

Continue Reading

Trending

SmallBiz.com does not provide legal or accounting advice and is not associated with any government agency. Copyright © 2021 UA Services Corp

SmallBiz Newsletter

Join our newsletter for the latest information, news and products that are vital to running a successful SmallBiz.