I've had the opportunity to review merchant services statements from businesses using QuickBooks Point of Sale and Intuit Merchant Services and found that the merchant was generally paying 1/2 to 1% higher than normal fees. For a typical retail business, this could easily add up to $2000+ annually in additional merchant services fees.
Point being - I highly recommend that you consider two things when searching for a point of sale system:
- Ask if the point of sale software works with multiple merchant services providers - that allows you to shop around for the lowest rates.
- Ask about hidden fees related to the point of sale software and merchant services. For example NCR's CounterPoint point of sale software allows you to pick and choose a merchant services company but, if you do not use NCR Payment Services, then you will be charged an additional annual fee (generally less than $200 annually but something to keep in mind).