Most POS Users Feel They Overbought

But we can keep them from feeling buyer’s remorse.

Most POS users are only utilizing a fraction of their POS system’s capabilities—and that’s a problem for sellers.

By the numbers: In a survey of 15,300+ retail buyers, we found:

  • 74% feel they use only the basic features of their POS system.
  • 82% would use more of the platform if they felt they had more time to invest in it.
  • 60% would use more of the platform if they felt they had better training.
  • 88% would leverage more of their system if staff turnover wasn’t such a challenge.
  • Just 29% consistently leverage POS data to inform strategic management growth and operations decisions.

And the real warning sign:

  • 62% believe they “overbought” their system and could have settled for a cheaper, less feature-filled solution.

Why it matters:

  • POS sellers have a challenge of adoption. The more features customers use, the stickier the buyer-seller relationship. But right now, too many of those features fall into “nice to have” rather than “need to have.”
  • TimePayment’s affordable plans stave off buyer’s remorse. As POS users contend with the technology learning curve, affordability is essential for keeping them from running to a cheaper option with a competitor. Our low monthly payments are an ideal solution.

Reach out: As a leader in POS industry finance, TimePayment’s lease financing solutions eliminate sticker shock and give customers the confidence to move up the learning curve. If you have a unique finance need or are interested in building a more bundled payment alternative, we can help.

Visit our POS and Terminal page to learn more or reach out and contact us

Why Work at TimePayment?

TimePayment’s equipment lease financing solutions and technology have opened the door to prosperity for over one million customers and earned us accolades from more than 30 different industries.
Our dedicated team members are the heart of these achievements—delivering outstanding service and support throughout our network of 10,000+ independent equipment vendors.
You can be a part of our success. Whether you are just starting out and looking for a training program that encompasses the classroom-to-office transition, or you’re a seasoned professional looking for career advancement, we’ve got a place for you. Apply to join our team today.
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