QuickBooks Point of Sale Discontinued

Intuit is suggesting that clients change to Shopify POS, a cloud-based factor of sale system that incorporates with QuickBooks Online. Shopify POS is made to aid companies handle their sales, supply, as well as clients in one area. Shopify POS provides organizations a innovative and also contemporary service that can aid them much better handle their sales, stock, and also consumers.

Intuit to Discontinue QuickBooks POS; Small Merchants Explore Alternatives

Intuit Inc. has decided to halt support for its QuickBooks Desktop Point of Sale 19.0 (QuickBooks POS), one of the longstanding point-of-sale systems, effective from October 3rd. While Intuit recommends transitioning to Shopify Inc., many payment service providers are eager to gain this segment of the business.

QuickBooks POS’s exact launch date remains undetermined, but experts estimate it to be around two decades old. Cliff Gray, an expert from The Strawhecker Group, labels the system as “ancient”, emphasizing its operational existence even before the widespread use of the internet. He feels the discontinuation was bound to happen, citing challenges in updating the system and pointing out that newer models possess advanced features. Interestingly, many other Intuit products encompass payment services, enhancing its diverse offering.

Apart from its products, Intuit holds a strong foothold in merchant-processing, ranking 22nd on Strawhecker’s latest acquirer list. The company recorded a volume of $58 billion last year, serving close to a million merchants. However, the reasons for ending QuickBooks POS support remain undisclosed, as Intuit has refrained from commenting.

Research from Enlyft Inc. reveals that only a minor 2.1% of small merchants continue using QuickBooks POS. The product’s major competitors include platforms like Square, Toast, and Worldpay. Despite its declining popularity, some merchants prefer QuickBooks POS due to its comprehensive functionalities which extend beyond just payments. This makes transitioning a significant task, especially for businesses that aren’t technologically adept. Gray stresses the potential challenges, suggesting that for some, “you might have to rebuild your whole inventory system.”

Given this scenario, many independent sales organizations and software firms are strategizing to attract these QuickBooks POS users ahead of the October deadline. ARBA Retail Systems, for instance, has started promoting its services, which include innovative features like cashless payments and touch-free ordering.

The specifics of Intuit’s partnership with Shopify remain under wraps. However, Gray speculates that even after transitioning, Intuit might maintain a connection with its former QuickBooks POS clientele, hypothesizing that “Shopify is the payment switch, where Intuit remains the ISO.”