The future of POS is DIY.
Each month, TimePayment accesses POS industry research to help guide you on making the most of today’s opportunities. This month, we evaluate the increasing desire for self-checkout solutions.
By the numbers: In a recent survey* of 2270 QSRs, C-Store, and Independent Grocers we found:
- 11% acquired this technology for the first time in the last 18 months.
- 82% of those that currently do not have this technology are “highly interested” in it.
- The largest concerns limiting investment in this area are potential technology failures and staff training.
- Labor expenses for self-checkout deployments are down 26% on average within 9 months.
One big thing: Among those who have already adopted, 91% used a finance solution when acquiring this technology. Which begs the question—are you capturing your fair share of this trend?
The shift is on: DIY is in demand. TimePayment helps POS retailers say “Yes” to more customers, by offering best-in-class equipment lease financing, industry-leading technology, access to API, and superior account service, training, and back-office support. TimePayment has helped over one million customers with transactions from $500 to $1.5MM+, and POS retailers rely on us for the speed, convenience, and technology solutions they need to grow.
Get started: It’s fast, easy, and free to sign up. Maximize your revenue with funding for many types of POS and terminal equipment. Attract new business with options from 12-to-60 month terms. And sell more often to existing customers with programmatic solutions like Lease-to-Own, Fair Market Value, and Rental. Visit our POS and terminal page if you want to learn more or contact us if you want to discuss how we can help your business.
*2023 Sawbux Greenwich Study of Commercial Finance Decision Makers