Best Point-of-Sale (POS) Data Providers

The Shift to Card Payments and Emerging Payment Methods

80% of consumers say that they prefer paying with card than cash. And as new payment methods emerge - and as self-service checkouts become more popular - that number is only set to increase.

Retailers and investors monitor a store’s performance based on how much revenue they generate in sales. They need to know what consumers are buying, how much they’re willing to pay, and what method they’re using to pay. But the answers to these questions vary hugely between different branches of the same business, making it difficult for retailers to create product orders, pricing decisions and payment options which work in each of their stores.

How Point-of-Sale (POS) Data Providers Simplify Retail Decisions

With all of these variables, how can retailers, investors and brands themselves keep track of product sales and market developments on a store and item level? Data providers collect point-of-sales (POS) data directly from stores’ sales systems, and derive important insights that de-mystify consumer behavior and identify important market trends.

These insights enable retailers to see which products are frequently purchased together, to compare price points between cities and countries, and to stay up to date with the latest payment methods, like Apple Pay and Affirm. We’ve compiled a list of the top POS data providers on our platform - have a look!

What Is a Point-of-Sale (POS) Data Provider?

A Point-of-Sale (POS) data provider collects and offers transaction data from retail points where goods or services are sold. This data helps businesses understand sales patterns, product performance, and consumer behavior.

How Do Point-of-Sale (POS) Data Providers Collect Their Data?

POS data providers gather data through integrations with POS systems at various retail locations. They pull transaction details directly from these systems, ensuring data accuracy and timeliness.

What Types of Data Do Point-of-Sale (POS) Data Providers Offer?

Point-of-Sale (POS) data providers offer data such as transaction details, consumer buying habits, product sales performance, market trends, and competitive analysis.

How Do Point-of-Sale (POS) Data Providers Ensure Data Quality?

Data quality is maintained through real-time collection, validation processes, historical data comparison, and user feedback. These methods help keep the data accurate and consistent.

How Accurate Is the Data From Point-of-Sale (POS) Data Providers?

POS data providers is highly accurate, often showing over 70% correlation with reported key performance indicators for tracked products. Many providers cover significant portions of consumer spending in relevant channels.

How Often Do Point-of-Sale (POS) Data Providers Update Their Data?

Data updates vary by provider but are typically offered weekly, monthly, quarterly, or yearly. Some providers also offer updates on demand to meet specific needs.

In What Formats Do Point-of-Sale (POS) Data Providers Deliver Their Data?

POS Data Providers deliver data in formats like .csv, .xls, and .json. Delivery methods include S3 Bucket and email, accommodating different user requirements.

How Do Point-of-Sale (POS) Data Providers Ensure Data Privacy and Security?

Privacy and security are maintained through several rigorous methods. Providers comply with data protection laws such as GDPR and CCPA to ensure legal adherence. Encrypted channels are used for data transmission, making it difficult for unauthorized parties to intercept or alter data during transfer.

How Much Does Point-of-Sale (POS) Data From Different Providers Cost?

The cost varies widely based on the provider, data volume, and specific customer requirements. Pricing models can include one-time purchases, monthly or yearly subscriptions, and usage-based pricing.

How Many Point-of-Sale (POS) Data Providers Are There?

There are many POS data providers globally, each offering different data types and services. If you’re not sure where to get started, we have a list of 33 POS data providers on Datarade.

What Are the Best Point-of-Sale (POS) Data Providers?

The best POS Data Providers offer extensive coverage, high-quality data, frequent updates, strong security measures, and customization options. Popular Point-of-Sale (POS) data providers include:

• Consumer Edge
• DecaData
• Echo Analytics
• Snapbizz
• Bridge