Is Bindo POS the Right System for Your Retail or Restaurant Business?

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All mentions of rate and fee costs are estimations based on publicly available information and client feedback. Actual costs may vary based on a variety of factors unique to your business.

Bindo

Rating
B
4/5
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Pros and Cons of Bindo

Pros

Integrates with QuickBooks
Customizable checkout solutions
Secure payment processing
Mobile payment options
Cloud-based platform

Cons

Pricing transparency issues
Limited payment integration
Basic reporting features
Occasional system crashes
Customer support challenges

Overview

In this Bindo review, we’ll take a close look at their point-of-sale (POS) system and how it supports businesses with inventory management, CRM capabilities, and e-commerce integrations. We’ll explore which retail and hospitality businesses are most likely to benefit from these features, and we’ll dig into customer reviews to uncover trends, praise, and concerns. Additionally, we’ll break down Bindo’s pricing options, contract terms, and standout tools so you know what to expect. By the end, you’ll have the insight you need to decide whether Bindo is the right POS system for your business.

About Bindo

Screen Capture of Bindo Homepage
Bindo Homepage

Bindo is a cloud-based point-of-sale software and online marketplace for retail and e-commerce merchant accounts. In 2022, the company rebranded as Bindo Labs.

Products & Merchant Services

Payment Processing

Bindo aims to empower smaller, local merchants by offering an online platform and marketplace to help them compete with large online retailers like Wal-Mart and Amazon. Bindo allows merchants to list their inventory in real-time and accept payments from both local and online shoppers, with options for same-day pickup or delivery based on the merchant’s capabilities. As a provider-agnostic service, Bindo can integrate with a merchant’s existing account provider or set up processing through a Bindo partner. Additionally, Bindo provides display systems, virtual terminals, payment gateways, mobile ordering, kiosks, data analysis software, staff management tools, and gift cards. Merchants can try the service with a 14-day free trial available on the company’s website.

POS System for Retailers

Bindo offers a comprehensive Point of Sale (POS) system designed for retailers, combining sales, inventory management, and customer relationship management. The user-friendly interface of the POS system accepts various payment methods, including credit and debit cards, cash, checks, and mobile payments.

Marketplace: Connecting Local Shoppers and Stores

Bindo Marketplace creates an online shopping community by connecting local shoppers with local stores. Shoppers can make purchases directly from the marketplace and pay using their credit card.

CRM and Loyalty Programs

Beyond payment processing, Bindo offers integrated Customer Relationship Management (CRM) tools that allow businesses to track customer purchases and preferences. The platform also includes features for setting up loyalty programs, which encourage repeat business by rewarding customers for their loyalty.

Customer Reviews & Sentiment

Variety of Customer Reviews and Complaints

Our research indicates there are over 15 negative reviews about Bindo, but none classify the company as a scam or ripoff. Recurring issues cited in customer complaints and reviews include intermittent software performance, inconsistent accounting and sales reports, limited customer service, particularly for users of the Free and Basic tiers, a protracted EMV implementation, and monthly costs that some users feel are not justified by the product’s performance.

Several reviews also highlight that Bindo previously lacked an offline mode during system or internet disruptions. This underscores the importance of a stable high-speed internet connection for the company’s cloud-based platforms. It is noteworthy that a Bindo representative has engaged with some of these public complaints, though it remains unclear if these interactions led to satisfactory resolutions for the complainants, or if the offline feature has since been implemented. On a positive note, many users commend Bindo for its user-friendly interface, comprehensive features, and flexibility in payment processing.

Bindo Lawsuits

No class-action lawsuits or Federal Trade Commission (FTC) complaints against Bindo have been found in our research. Clients looking for alternatives to legal action can consider reporting their experiences to relevant oversight bodies.

Industry Scores & User Ratings

Online Ratings Summary
PaymentPop5
BBB RatingN/A
Google Maps2.5
Average Rating2.5

PaymentPop Rating for Bindo

Negative Feedback

There are no negative reviews published about Bindo on the PaymentPop website.

Positive Feedback

We switched to Bindo after struggling with a clunky system, and it’s been a noticeable improvement. The interface is clean, transactions are fast, and keeping track of stock is much easier now. It’s a solid fit for our small team.

Bindo BBB Rating

Bindo is currently not accredited with the Better Business Bureau, and its profile is showing no rating, though it previously had an “A+”. The company has not received any complaints to its BBB profile in the past 3 years. It has also not received any informal reviews on its BBB profile.

An “A” Performance Overall

In light of the company’s time in business and complaint rate, we agree with the BBB’s former rating at this time, but business owners should be aware that there are good reasons to be skeptical of the BBB’s reviews.

Google Maps Rating for Bindo

Bindo has a 2.5 out of 5 star rating based on 15 user reviews on Google Maps.

Positive Feedback

Point of sale is great for everyone starting their own business funds transfer as instant as you want. They also finance to help your business grow, point of sale couldn’t be anymore easier. Overall I’m a happy customer!

Negative Feedback

Worst company we have ever partnered with. Customer service literally hung up on you. The system constantly crashed, but no one at Bindo can ever be reached. Trash company.

Processing Rates & Fees

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Custom Pricing

Bindo currently adopts a custom pricing model tailored to the specific needs of each client. Previously, the company offered plans with a flat, all-inclusive monthly fee, varying based on the merchant’s size and POS requirements. The “Lite” package supported 50 customers, two employees, 15 products, and one register for free. The “Basic” package, at $76 per month (or $89 monthly), supported unlimited customers and employees, 1,000 products, and two registers. The “Pro” package increased support to 10,000 products and five registers for $128 per month (or $149 monthly). It’s anticipated that Bindo’s current pricing remains similar, offering flexibility based on merchant requirements.

Virtual Terminal and Payment Gateway Pricing

Alongside its storefront services, Bindo highlights its virtual terminal and payment gateway offerings on its website, though specific pricing details are not disclosed. Rates and fees, including those for gateway use, technical support, batch processing, and transactions, are typically applicable to these e-commerce solutions.

Avoid Equipment Leases

Several reviews and Bindo representatives mention the company’s practice of offering non-cancellable, three-year equipment leasing agreements. While Bindo’s website does not clearly indicate which hardware options are subject to leases, potential clients should inquire about any leasing conditions. It’s generally recommended that business owners purchase equipment outright when possible.

Bindo Fees

Bindo does not impose PCI compliance fees, early termination fees, or other monthly charges. For merchants utilizing Bindo’s integrated processing, the rates are 2.49% plus $0.15 per swiped transaction and 3.49% plus $0.15 per keyed transaction. Merchants have the option to continue with their existing credit card processors, potentially offering very competitive rates. All Bindo plans include free customer support, with 24/7 phone assistance available from the “Pro” tier upwards.

Satisfying Contract Terms

Bindo’s pricing structure is competitive within the iPad POS solution market, with the flexibility to work with various payment processors. The absence of complaints regarding excessive or hidden fees suggests a majority of clients are content with their contractual arrangements with Bindo. To further minimize costs, selecting an affordable merchant account as your payment processor alongside Bindo is advisable.

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Employee Reviews & Sales Practices

Bindo Features

Bindo payment processing, POS solutions, and software support multiple features, including:

  • Real-time inventory management – Businesses can track stock by scanning barcodes and synchronizing inventory across locations
  • Purchase order tracking – Supply orders can be viewed and managed within the app, which also stores invoices and makes intelligent reordering suggestions
  • Customer analytics – Bindo stores and analyzes customers’ purchasing histories, store credits, loyalty programs, and brand engagement
  • Sales reporting – Bindo enables merchants to view sales summaries, track costs and revenues, identify best-selling items, explore transaction histories, and compare sales periods
  • Time clock management – Merchants can monitor employee hours with a paper-free, PIN-and-photo-based punch-in/punch-out system
  • Online store – Bindo offers a free online storefront and Bindo marketplace listing (complete with synchronized sales reporting) to all of its merchants
  • Staff management – Bindo has cash management and time clock tools for employees.

No Deceptive Advertising

Like most other POS providers, Bindo markets itself primarily through an in-house sales staff, a referral program, and traditional advertising. The company’s emphasis on selling a provider-agnostic POS product means that it is unlikely to use the sorts of deceptive rate quoting tricks that independent credit card processing sales agents typically rely on. We therefore will assign Bindo an “A” rating in this category unless we start receiving negative Bindo reviews detailing unethical sales strategies. However, we do always encourage Bindo users to ask an independent third party to look for any unnecessary fees in their statements.

Bindo Competitors

Compare Bindo to competitors that earned top marks.

Bottom Line

Bindo is recognized as a competent cloud-based POS system designed specifically for iPad use, offering credit card processing capabilities that align well with the needs of small to medium-sized retail businesses. It stands out in the market for its reasonable pricing structure and the suite of features it offers, which have garnered more positive feedback than negative from its current user base. One of the most significant benefits of Bindo is its flexibility in payment processing options, allowing merchants to choose their processor rather than being restricted to a predetermined “preferred” provider. This feature offers businesses the autonomy to select the most cost-effective and service-oriented processor that suits their specific needs.

However, it’s important for potential users to be aware of emerging criticisms regarding the Bindo app’s functionality, with some reports suggesting that it may not be fully suitable for all types of businesses due to various operational glitches and limitations. These issues could potentially hinder day-to-day operations, particularly for businesses that require high reliability from their POS system. Given these concerns, it is advisable for interested parties to thoroughly test Bindo during the free trial period the company offers. This trial is a critical opportunity for businesses to evaluate the app’s performance in real-world scenarios, ensuring it meets their operational requirements before entering into any long-term commitment. This approach allows businesses to make an informed decision, potentially saving them from future disruptions and dissatisfaction.

Read Actual User Reviews

All user reviews have been moved to our partner, PaymentPop.com

Contact Bindo

Contact & Customer Support
Co-founderBrad Lauster
Co-founderJoMing Au
Co-founderJason Ngan
HeadquartersSuite 05-181, 5/F, The Quayside, 77 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong
Toll-Free General Customer Service(800) 692-4636
Office Number(212) 991-8562
Hong Kong Hotline(852) 2777-1177
Fax(212) 991-8563
Additional Support ChannelsOnline Contact Form and Live Chat
Websitebindolabs.com