EPOS till systems and till rentals
Find out about EPOS till rental and lease options today to get the best quotes and deals
For shop-based businesses the till is the unsung hero. Get the right till on board and conducting transactions is a straightforward administrative task that supports your business and builds customer trust. Try to operate a business with a below par till and you risk damaging your reputation, creating inefficiencies, and causing disruption to the bottom line.
Electronic point of sale (EPOS) tills enable you to stay up-to-date with transaction technology and ultimately, accept more payments. EPOS rental is the only true till hire option for businesses that wish to stay ahead of the game.
This guide will equip you with knowledge on how epos till systems work, the benefits of epos rental, cost of epos till rental and top UK supplier reviews.
How does EPOS till rental work?
There are a number of differences in the types of EPOS till rentals available on the UK market.
Firstly, it is important to distinguish between till hire and till rental, although often these terms are used interchangeable. Typically, till rental will be offered on an open-ended, or short-term basis. For example, a business owner running a seasonal event could rent an EPOS till system for a week or two. Such arrangements are suitable when you want a plug-and-go EPOS till system.
On the other hand, till hire tends to be available on a fixed-term basis. You may have the option to purchase the system at the end of the term. Because till hire is based on a contractual agreement, you will likely be given greater support, such as on-site installation and training.
For a quick summary of what till hire and rental is, look at the notes below.
- Till hire – till hire, sometimes known as a lease, is generally offered on a fixed-term basis, with the option for businesses to purchase at the end of the period.
- Till rental – unlike till hire or leasing, a rental is available on a shorter-term basis, without the option for purchase at the end.
Benefits of renting and hiring EPOS till systems
EPOS till system rental is a fantastic solution for businesses that only need a till system for short periods of time, meaning this option is very flexible. In addition, renting eliminates the need to invest heavily in the equipment you need for an EPOS system. This is extremely beneficial for small businesses who need a card machine, where cash flow can be tight.
The modern consumer is both a savvy and fickle character who will expect your transaction technology to be on a par with, or better than, your competitor. If you opt to purchase your EPOS till system, you will inevitably be tied into that particular make and model for a good length of time, whilst your competitors outstrip you.
Furthermore, till hire or till rental brings with it the distinct benefit of support and maintenance. Both call-out assistance, and upgrades, are likely to be included in your rental agreement.
For small and start-up businesses requiring an EPOS till system, rental also brings additional advantages. Firstly, weekly or monthly rental costs can be easier to meet than one-off larger expenses. These payments will be fixed, and tax deductible. Also, EPOS rental means that your system can be easily scaled should it turn out you need more EPOS tills in due course.
How much do EPOS till rentals cost?
When examining which EPOS tills are best for your business in terms of cost, it is critical to focus on return on investment. The right EPOS till system for your business will likely vary from the right one for a different business. Looking at number and size of transactions is central to working out what return on investment will look like for you. In a nutshell it is about selecting the best system at the best price, for you.
First of all it is important to understand the different elements of an EPOS till system. These include not only the cash drawer till, but also the touch screen monitor, software, scanner, and keyboard. There are also the issues of installation, maintenance, and support. If you’re buying your till system you can buy these components and elements separately. For till rental it is easier, for the non-technical business owner, as you can hire a complete EPOS till system combining all the needed components.
The fundamental rule is that the more complex the system, the higher the price – either to rent or buy. However, don’t be fooled into thinking more expensive is always better. You may find yourself paying for features you don’t actually need.
EPOS till systems generally cost upwards of £20 per week to rent. This compares to an outright purchase price in the region of £1800. These costs typically represent a very basic system, without any additional features.
- EPOS till system rental cost – £20-40/week
- EPOS till system purchase cost – £1800
Of course, prices vary from model to model and plan to plan – to find out how much you should be spending, simply fill in the form at the top of the page.
Obviously, the more EPOS tills you need installing, the more expensive the EPOS rental costs. However, you also often find benefits from economies of scale on larger rental agreements.
To find out about alternative pricing options, visit our EPOS system costs page.
Why should I rent and not buy?
Technology is an ever-changing and evolving beast. EPOS till systems are as much subject to changes and improvements as other technologies. As a result, business owners frequently find it is in reality more cost effective to opt for EPOS rental rather than purchase. There are also several additional benefits.
Best EPOS till rental suppliers
Various EPOS rental suppliers are available to UK business owners. Narrowing down who to use can therefore be a tall order.
We recommend three of the best:
Remember, different till systems and rental arrangements will suit different types and sizes of business.
As the UK’s largest EPOS till rental business, occupying the top spot on Trustpilot, and in receipt of The Queen’s Award for Enterprise Innovation 2016, EPOS Now is a highly reliable option for till rental.
Notably, EPOS Now divide their till offerings into two distinct categories: retail and hospitality. This distinction is invaluable for the end-user in terms of meeting business need. EPOS Now offer EPOS till system from as little as £10 per week making it extremely affordable.
With 24/7 support, and integral high-level security, you can feel reassured in your transaction technology. It’s intuitive and easy-to-use, with staff training taking around just 15 minutes. Reporting is simple to use and worthwhile, and you can choose to use the system as a stand-alone option, or by integrating with your payment systems, CRM, accounting system, and ordering platform.
First Data Merchant Solutions
Clover, from First Data Merchant Solutions, is at the height of the transaction technology curve. Designed specifically with UK businesses in mind, cloud-enabled, and highly customisable, it’s an excellent option for retail, hospitality, and health and beauty businesses.
As your customers expect, Clover accepts all major payment types, and both contactless and mobile payments. Inventory tracking is integrated, and this can be further integrated to accounting. It’s intuitive, and easy to understand.
Within the Clover offering there is Clover Station, Clover Mini, and Clover Mobile, plus a range of Apps, meaning you get the right EPOS till system for your business.
Clover has a happy and contented customer base. Charlie Belcher, Owner of Body and Sol Beauty Salon states: “If I was going to describe how Clover is, I’d describe it as an easy, attractive till system and card payment system that’s secure and safe and you can let your staff use it in confidence because it is so simple. And in turn you can look at it from wherever you are and know and feel confident that you’re seeing what’s happening in your shop.”
EPOS Direct offer scalable touch-screen EPOS till systems from as little as £19.99 per week. They offer plug-and-go options that are delivered to your door for self-installation. Do note, if you want more from your system, beyond the screen and chip and pin device, such as a scanner, this will be an add-on. Their systems offer simplicity and ease in terms of set-up.
EPOS Direct provide 24/7 support to their customers. The system is fast and not internet dependent. It enables full stock controls, promotions, staff management and loyalty programmes.
EPOS Direct are a popular option with over 20,000 users worldwide, and has been ranked 15 in the Global Inventory Software Market.
Compare EPOS till system rentals
For the majority of small business owners and startups, EPOS till rental offers the best return on investment. Choose your system with a clear understanding of your particular transaction and business needs, and request demos where needed.
The best way to compare EPOS till rentals is to speak to suppliers – complete the quick and easy form at the top of the page to do so today. Comparing quotes this way is free and efficient, and it can help your business to save money and time.