TOP 5 POS SYSTEMS FOR WHOLESALE BUSINESSES

In this blog post, we will discuss the five best POS systems for wholesale businesses to help you find your business’s best POS system.

Key Takeaways

• Shopify POS: The All-in-one system allows wholesale businesses to track and manage large stock quantities easily in stores and online.
• Ive POS: Best for advanced vendor management, helping wholesalers add new vendors, record payments, and more.
• ConnectPOS: Best for omnichannel wholesale business at ease, boosting B2B E-commerce to buy online, update inventory, and refund in-store.
• Counterpoint POS: Best for wholesale businesses to reduce stock overages and shortages, along with optimizing the wholesale inventory.
• Vend POS: Best for reporting and analytics, providing wholesale and retail businesses to gain actionable insights and integrate your customer data.

What to Look for in a Wholesale POS System?

A POS system for wholesale businesses should include the following features:

• Advanced inventory management

Wholesale businesses benefit from a POS system that provides robust inventory management features such as real-time tracking, automated reorder points, and multi-location management. This ensures optimal inventory levels, preventing both stockouts and overstocking.

• Streamlined sales process

For wholesale businesses, an excellent POS system should provide a user-friendly and customizable interface, ensuring efficient sales processing. Furthermore, it should be capable of handling intricate sales scenarios, including payments, returns, and exchanges.

• Multiple payment methods/split payments

Wholesalers seeking to expand their payment options beyond traditional methods like cash and credit cards should consider a POS system. This enables to split payments, allowing retailers to distribute them across multiple gift cards or cash transactions.

Benefits of Using Wholesale POS Systems

• Improved efficiency: With a wholesale POS system, wholesalers can flexibly control orders and inventory levels. This allows them to respond automatedly to retailers and customer needs, along with keeping stock levels up-to-date. As a result, they don’t miss out on potential sales opportunities and dissatisfied customer experiences.
• Reduce fraudulent activity: Implementing various security measures such as biometrics and PIN codes allows wholesalers to minimize fraud effectively. Customers are required to authorize transactions to be completed.
• Cost savings: Wholesale POS systems aid in cost savings for businesses in the long term by streamlining operations and reducing labor costs. Additionally, they simplify the purchasing process through mobile devices without cash payments.
• Provide precise sales reports: By implementing a POS system, wholesalers quickly generate complete sales reports. The reports show sold products, best selling products, inventory status, and profit margins. Through the system, they can minimize human errors and modify marketing campaigns.

Top 5 POS For Wholesale Businesses

We present our top 5 POS systems for wholesale businesses based on extensive research and analysis. Discover wholesale-effective solutions tailored to wholesale operations, incorporating essential features and integrating marketing tools to drive margin growth.

Shopify POS

Shopify POS stands out as the best choice for wholesale businesses seeking a reliable POS system. It offers notable features specifically designed for efficient management of large-scale inventory, streamlined handling bulk sales, and effective supply chain management.

Main features

Omnichannel experiences to bulk sales

Bulk sales becomes a breeze with the Shopify POS system across multiple channels. With all sales channels accessible, wholesalers can seamlessly view detailed insights and performance metrics from a unified platform.

A range of sales channels supported by Shopify POS includes:

• Shopify ecommerce store
• TikTok
• Instagram
• Pinterest
• Facebook and Messenger
• Google
• Snapchat
• In-store

Smart inventory system management

Shopify POS allows wholesale businesses to easily manage large stock in stores and online. It enables wholesalers to see automatic updates in stock levels. Moreover, Shopify POS also gives wholesale traders the convenience of easily viewing their inventory and adjust their inventory counts, ensuring accurate stock levels.

Additionally, with the ability to classify products by various attributes like size, color, or material, managing an extensive product list becomes significantly more manageable.

Payment options support

Shopify POS supports multiple payment methods, such as credit/debit cards and contactless digital wallets.

Especially with a centralized management function, merchants can effortlessly monitor in-store and online sales data, reports, and trends from a single back office, empowering them to make informed decisions for their entire business.

Pricing

Shopify POS pricing varies depending on your plan, with options from $5 to $2000 per month.

Pros & Cons

Pros	Cons
Have a user-friendly interface Accept various payment methods Support omnichannel selling to boost brand identity Provide reporting and analytics Check order process Feature a robust inventory management Boost higher profits from loyalty campaigns	Lack of offline mode Slow loading speed due to app integrations Additional hardware costs

Ive POS

IvePOS is another recommended POS system for wholesale businesses, enabling them to boost business efficiency and operation.

Main features

Vendor management

Ive POS offers a vendor management capability within its POS software for wholesale businesses, allowing merchants to easily add new vendors, access vendor purchase history, record vendor payments, etc.

Customer credit management

With this feature, wholesale store owners can set pay-later limits for customers, allowing them to provide products based on their credit limits in advance.

Stock transfer management

When managing multiple inventories, transferring stock between locations is common. IVEPOS’s wholesale business software simplifies the process of updating product transfers between different inventories, thus ensuring precise inventory tracking and management.

Pricing

To obtain information on Ive POS pricing, you are required to reach out to their customer support team for a quote.

Pros & Cons

Pros	Cons
Faster billing Precise inventory management Profitable vendor management Higher customer experience Power of Cloud Computing All-in-one CRM	Lack of advanced analytics Potential learning curve Limited customization

ConnectPOS

ConnectPOS system provides outstanding features to meet the unique needs of wholesale businesses.

Main features:

Omnichannel wholesale business at ease

Wholesalers can rapidly enhance B2B E-commerce via online purchasing, in-store payment/refund/exchange, automatic inventory synchronization between online and offline stores, along with the support for diverse payment methods.

Inventory management

Wholesalers efficiently manage multi-store or multi-warehouse with ConnectPOS’s Multi-Source Inventory system. This system helps wholesalers control orders, manage stock through scanning barcodes, and shorten stock management routines with labels.

Product and order management

ConnectPOS helps wholesale businesses interact with orders from all locations/stores, whether online or offline. Moreover, with a group pricing functionality, wholesalers can conveniently establish varied pricing for each product group to enhance their sales strategies.

Pricing

Since ConnectPOS does not provide public pricing details, you need to visit their official website or contact their sales team to request a quote.

Pros & Cons

Pros	Cons
Fabulous omnichannel Online ordering management User-friendly interface Synchronized inventory management Real-time data and analytics Multiple payment methods support	Limited customer support Users has challenging setup interface

Counterpoint POS

Counterpoint is another option for a wholesale business POS system, serving as a powerful and feature-rich solution designed to streamline operations and drive success for various business sizes.

Main features

Create an omnichannel presence

Wholesalers manage their online orders through a unified inventory database catering to physical and online stores. They can initiate their eCommerce shops and complete orders using integrations with ShipStation, a widely recognized shipping solution.

Reduce stock overages and shortages

POS systems for wholesale business help merchants manage vendor items, costs, and lead time. Moreover, it can create multi-store purchase orders, which can be consolidated for all locations or customized for each site, thereby saving time and facilitating the acquisition of volume discounts from suppliers.

Optimize your wholesale inventory.

Counterpoint allocates products based on precise quantity forecasts, streamlines your importing process, and tracks your products effortlessly by categories and collections, as well as designs labels for all your selling units.

Engage customers better

Wholesalers can access purchase history from all store locations, make detailed customer profiles, and run unlimited loyalty programs. This provides a better customer experience.

Pricing

The Wholesale POS ranges at $159/month, per license.

Pros & Cons

Pros	Cons
Manage multi-channel operations across all stores and warehouses, including sales, orders, and inventory Control order management Optimize supply chain with WMS Get paid quicker with Synergic AR	Compatible equipment can be expensive

Vend POS

Vend POS simplifies check-in/ check-out orders and controls inventory stockouts or shortages.

Main features

Robust inventory management

Vend POS presents an efficient way for wholesalers to manage their inventories, thanks to its centralized inventory management feature. This functionality empowers them to handle multiple stock items with ease. Wholesalers can input an array of products with varying attributes such as color, size, and material, which streamlines their operations and optimizes workflow.

Reliable customer management

Vend allows wholesale operators to keep customer data in one location, access retailer history, import information lists, and offer discounts.

High mobility, customization, and scalability

Vend POS runs smoothly on multiple devices like iPad, Mac, and PC. The POS system operates whenever the internet connection is lost, ensuring your data is automatically saved and secure.

Pricing

Vend POS provides four pricing options: Lean, Standard, Advanced, and Enterprise.

• The Lean Plan starts at $69 per month, billed annually, or $89 billed monthly.
• The Standard Plan costs $119 per month, billed annually, or $149 billed monthly.
• The Advanced Plan costs $199 per month, billed annually, or $269 billed monthly.
• You need to contact Vend support teams for the Enterprise Plan to get the quote.

Pros & Cons

Pros	Cons
Flexible payments Satisfied customer experience Browser and app-based Bulk inventory uploading Responsive 24-hour customer service Extensive help center	High additional prices No native ecommerce function

FAQs: POS For Wholesale business

Bottom line

Here’s our list of the five best POS systems for wholesale business. We hope you can choose the right POS system for your business to boost operation and profitability.