Stripe Terminal vs KORONA POS

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Our analysts compared Stripe Terminal vs KORONA POS based on data from our 400+ point analysis of POS Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

Stripe Terminal is a sophisticated software solution designed to manage point-of-sale (POS) tasks, enabling businesses to accept in-person payments seamlessly. It is particularly well-suited for retail stores, restaurants, and service providers who require a reliable and flexible POS system. The software supports a variety of hardware options, including card readers and mobile devices, making it adaptable to different business environments.

One of the key benefits of Stripe Terminal is its integration with other Stripe products, providing a unified platform for both online and offline transactions. This integration simplifies the reconciliation process and offers a comprehensive view of sales data. Popular features include customizable payment flows, robust security measures, and real-time transaction monitoring.

Users often praise Stripe Terminal for its ease of use, reliability, and the ability to scale with business growth. Pricing details can vary based on hardware choices and transaction volumes, so it is advisable to contact SelectHub for a tailored pricing quote that meets specific business needs.

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KORONA POS is a cloud-based point-of-sale software designed for streamlining retail operations for businesses of all sizes. Its core functionality encompasses managing sales, inventory, customers, and reports. It shines for businesses seeking intuitive interfaces, omnichannel capabilities, and robust integrations with popular eCommerce platforms. Users praise its ease of use, mobile accessibility, and loyalty program features. Compared to similar products, KORONA boasts a user-friendly interface, mobile app for on-the-go management, and strong inventory control. However, its pricing structure, based on a monthly subscription per location, might not be the most budget-friendly for smaller businesses with low-volume transactions.

Pros
  • Easy to use
  • Mobile app access
  • Robust inventory tools
  • Loyalty program features
  • Flexible payment options
Cons
  • Monthly pricing model
  • Limited customization
  • Reporting could be improved
  • Occasional technical glitches
  • Customer support response time
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$0.30/Transaction, 2.7% Flat Rate
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$59 Monthly
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Tailored to your specific needs
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Product Insights

  • Seamless Integration: Stripe Terminal integrates effortlessly with existing Stripe accounts, allowing businesses to manage online and in-person payments from a single platform.
  • Customizable Hardware: Offers a range of pre-certified card readers that can be tailored to fit the specific needs of your business, ensuring a consistent brand experience.
  • Global Reach: Supports in-person payments in multiple countries, enabling businesses to expand their geographical footprint without additional complexity.
  • Unified Reporting: Consolidates all transaction data into one dashboard, simplifying financial reconciliation and providing a comprehensive view of business performance.
  • Developer-Friendly: Provides robust APIs and SDKs, allowing developers to build custom POS solutions that integrate seamlessly with existing systems.
  • Enhanced Security: Utilizes end-to-end encryption and is PCI-compliant, ensuring that sensitive payment information is protected at all times.
  • Real-Time Updates: Automatically updates software and firmware, reducing the need for manual maintenance and ensuring that the system is always up-to-date with the latest features and security patches.
  • Flexible Payment Options: Supports a variety of payment methods, including contactless payments, chip cards, and mobile wallets, catering to diverse customer preferences.
  • Scalability: Designed to grow with your business, whether you have a single location or multiple outlets, providing a consistent and reliable payment experience.
  • Cost Efficiency: Reduces the need for multiple vendors and systems, lowering operational costs and simplifying vendor management.
  • Customer Insights: Provides valuable data on customer behavior and preferences, enabling businesses to make informed decisions and improve customer engagement.
  • Streamlined Operations: Simplifies the checkout process, reducing wait times and improving overall customer satisfaction.
  • 24/7 Support: Offers round-the-clock customer support, ensuring that any issues are promptly addressed, minimizing downtime and disruption.
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  • Reduced Checkout Times: Intuitive interface and quick product lookup minimize wait times, boosting customer satisfaction and sales.
  • Simplified Inventory Management: Real-time stock levels and automated purchase orders eliminate overselling and stockouts, improving efficiency.
  • Centralized Data Management: Cloud-based platform offers access to all store data from anywhere, allowing for better decision-making.
  • Loyalty Program Integration: Built-in loyalty programs reward repeat customers, fostering brand loyalty and driving repeat business.
  • Personalized Customer Experiences: Customer profiles and purchase history enable targeted promotions and recommendations, increasing customer engagement.
  • Omnichannel Capabilities: Seamless integration with online stores and mobile apps allows for convenient omnichannel shopping experiences.
  • Comprehensive Reporting: Detailed sales, inventory, and customer reports provide valuable insights for optimizing operations and marketing strategies.
  • Actionable Analytics: Identify trends, track performance metrics, and make data-driven decisions to improve profitability and growth.
  • Scalability and Adaptability: Flexible platform grows with your business, accommodating changing needs and expanding operations.
  • Improved Employee Productivity: Intuitive interface and streamlined workflows reduce training time and boost employee efficiency.
  • Enhanced Security and Compliance: Secure cloud storage and industry-standard data encryption protect sensitive information.
  • Cost-Saving Potential: Reduced manual tasks, efficient inventory management, and targeted marketing can lead to significant cost savings.
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  • Customizable Checkout: Tailor the checkout experience to match your brand and business needs, whether through pre-built components or custom-built solutions.
  • Developer-Friendly SDKs: Utilize robust SDKs for iOS, Android, and JavaScript, enabling seamless integration with your existing systems and applications.
  • End-to-End Encryption: Ensure secure transactions with end-to-end encryption, protecting sensitive payment information from the point of entry to the final processing.
  • Global Reach: Accept payments in over 135 currencies and multiple payment methods, including credit cards, debit cards, and mobile wallets, to cater to a global customer base.
  • Real-Time Reporting: Access detailed transaction data and analytics in real-time, allowing for better business insights and decision-making.
  • Offline Mode: Continue to accept payments even when the internet connection is lost, with transactions automatically syncing once connectivity is restored.
  • Pre-Certified Hardware: Choose from a range of pre-certified card readers and terminals that are easy to set up and integrate with your POS system.
  • Unified Platform: Manage both online and in-person payments through a single platform, simplifying reconciliation and reporting processes.
  • Custom Receipts: Generate and print custom receipts that can include your branding, return policies, and other relevant information.
  • Multi-Location Support: Manage multiple store locations from a single account, streamlining operations and reporting across your business.
  • Customer Management: Store and manage customer information securely, enabling personalized service and loyalty programs.
  • Seamless Integration: Integrate with other Stripe products like Stripe Payments, Stripe Connect, and Stripe Billing for a comprehensive payment solution.
  • Compliance and Security: Stay compliant with industry standards such as PCI DSS, ensuring that your business meets all necessary security requirements.
  • 24/7 Support: Access round-the-clock support from Stripe’s team of experts, ensuring any issues are resolved promptly and efficiently.
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  • CRM Software: Consolidate business operations and improve efficiency with a secure and smooth payment system, real-time reporting, online inventory management, seamless integrations, and more. Boost customer satisfaction with powerful strategies like promotions and loyalty programs, gift cards, targeted marketing, and automated campaigns. 
  • Inventory Management: Maintain stock levels with consistent management solutions. Print shelf labels and price tags, combine data in one product catalog, manage the order cycle based on purchase history, track shipments with instant notifications, and control staff permissions to secure data. 
  • Retail Loss Prevention: Secure the business with effective theft-prevention. Authenticate receipts after the transaction, prevent item voiding using shift reports, add authorization measures for adding discounts, and identify errors and discrepancies with in-depth inventory and reporting. 
  • Secure Payments: Use EMV chip payments, including credit and debit cards and contactless NFC payments such as Apple Pay and Android Pay. Get combined statistics and reports for transactions and sales. Monitor staff permissions to prevent unauthorized actions. Use automation tools to track cash movement, manage accounting data and secure business operations. 
  • In-depth Reporting: Get intuitive insights into business KPIs with informative reports and analytics. Access business data through the cloud management system and use data-backed visualizations to monitor performance metrics, including average customer spend, product return rates, annual comparisons, conversion rates and stock levels. 
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Product Ranking

#1

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#87

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Compliance And Security Customer And Loyalty Management Employee Management Inventory Management Items And Service Management Payment Transactions And Cash Management POS Hardware Reporting And Insights Sales And Marketing Management Store Management Types Of POS 50 80 80 100 68 93 33 100 74 68 87 0 25 50 75 100
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User Sentiment Summary

Excellent User Sentiment 5276 reviews
Excellent User Sentiment 149 reviews
94%
of users recommend this product

Stripe Terminal has a 'excellent' User Satisfaction Rating of 94% when considering 5276 user reviews from 2 recognized software review sites.

94%
of users recommend this product

KORONA POS has a 'excellent' User Satisfaction Rating of 94% when considering 149 user reviews from 3 recognized software review sites.

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4.8 (18)
4.68 (2586)
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4.7 (66)
4.7 (2690)
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Awards

Stripe Terminal stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

SelectHub research analysts have evaluated KORONA POS and concluded it earns best-in-class honors for Inventory Management. KORONA POS stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
Inventory Management Award

Synopsis of User Ratings and Reviews

Easy Integration: Stripe Terminal POS is praised for its ability to seamlessly integrate with the larger Stripe ecosystem, simplifying payment processing and business management.
User-Friendly Interface: The system is designed with an intuitive interface, making it easy for staff to learn and use, even with minimal training.
Customization Options: Businesses appreciate the flexibility to tailor the POS system to their specific needs, such as customizing receipts or integrating with existing checkout workflows.
Reliable Hardware: Stripe's hardware is recognized for its dependability, ensuring smooth and uninterrupted transaction processing for businesses.
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Cloud-based Convenience: Access your POS from anywhere, anytime, on any device. No more relying on local servers or expensive on-site maintenance.
Inventory Master: Real-time stock tracking across locations, automatic low-stock alerts, and customizable reports to optimize ordering and prevent overselling.
Sales Insights Galore: Powerful reporting tools with drag-and-drop customization, allowing you to analyze trends, track employee performance, and make data-driven decisions.
Easy on Employees: Intuitive interface, simple transaction processing, and built-in training resources make it a breeze to onboard new staff.
Customer Loyalty Booster: Create loyalty programs, manage gift cards, and track customer preferences for personalized experiences that keep them coming back.
Always in the Loop: Get instant notifications about sales, low stock, and critical updates, ensuring you stay on top of your business.
Integration All-Star: Connects seamlessly with popular accounting software, payment processors, and e-commerce platforms, streamlining your workflow.
Support You Can Count On: Helpful and responsive customer service team available via phone, email, and live chat to address any questions or concerns.
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Initial Setup Complexity: Users without a technical background might find the initial setup process challenging.
Transaction Fees: While competitive, the transaction fees, which can be 2.7% plus 5 cents per transaction, can accumulate for businesses with high sales volume.
Customer Support Concerns: Some users have reported delays in response times from Stripe Terminal's customer support, impacting their ability to resolve issues promptly.
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Steep Learning Curve: While intuitive for basic tasks, some users find the advanced features and reporting tools difficult to navigate without comprehensive training.
Mobile App Shortcomings: The mobile app lacks some functionalities available on the desktop version, limiting on-the-go management.
Customization Caveats: While customizable, some users report limitations in tailoring reports and workflows to their specific needs.
Occasional Glitches: Users mention infrequent software glitches and bugs that can disrupt operations, though updates usually address them quickly.
Pricey for Smaller Businesses: The monthly subscription fee may be a bit high for smaller businesses with limited transaction volume.
Hardware Reliance: While cloud-based, the POS still requires reliable internet and compatible hardware, which can add to initial costs.
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Is Stripe Terminal the main vein when it comes to POS solutions? User reviews from the last year suggest Stripe Terminal is a robust payment processing platform that shines when it comes to its seamless integration with the broader Stripe ecosystem, making it a no-brainer for businesses already using Stripe for online payments. This integration simplifies reconciliation and reporting by managing both online and in-person payments in one central hub. Users rave about the flexibility of Stripe Terminal's API and SDK, which allows for extensive customization, including personalized email receipts and integration with various POS applications. For instance, businesses can tailor their checkout flow and even enable contactless payments directly on compatible iPhones or Android devices using Tap to Pay. However, some users point out that while the platform boasts no monthly fees, setup can be a headache for those without a tech background, potentially leading to increased upfront costs. Additionally, while transaction fees are competitive, they can add up for businesses with high sales volume, impacting their bottom line. Another area of concern is customer support, with some users reporting sluggish response times, which can be frustrating for businesses needing quick assistance. Overall, Stripe Terminal is best suited for tech-savvy businesses already familiar with or utilizing the Stripe ecosystem for their online transactions. Its robust API and seamless integration capabilities provide a unified platform for managing online and in-person payments, making it a solid choice for businesses looking to streamline their payment processing operations.

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KORONA POS has garnered praise for its cloud-based convenience, real-time inventory management, and powerful reporting tools. Users appreciate its ability to streamline operations and gain valuable insights, particularly helpful for businesses juggling multiple locations or complex inventory. Compared to some competitors, KORONA shines in its user-friendly interface for employees and its seamless integration with popular accounting software and payment processors. However, some users cite a steeper learning curve for advanced features and limitations in the mobile app's functionality. Occasional software glitches and a price tag potentially higher for smaller businesses are also mentioned as drawbacks. Users comparing KORONA to Square or Shopify often highlight its robust reporting capabilities and multi-store management as key differentiators, especially for businesses prioritizing data-driven decisions and expanding operations. Ultimately, KORONA's strengths - cloud accessibility, inventory prowess, and insightful reporting - resonate with users seeking a scalable and feature-rich POS solution. Those needing a simpler system or operating on a tight budget might find alternatives more suitable. While minor flaws exist, KORONA's focus on streamlining operations and providing actionable insights seems to win over businesses looking to take their operations to the next level.

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