What Is Point Of Sale Systems

The point of sale pos or point of purchase pop is the time and place where a retail transaction is completed at the point of sale the merchant calculates the amount owed by the customer indicates that amount may prepare an invoice for the customer which may be a cash register printout and indicates the options for the customer to make payment.

What is point of sale systems.

Pos system is a computerized network that consists of the main computer linked with several checkout terminals and supported by different hardware features starting from barcode scanners and ending with card payment terminals. Traditionally pos systems were physical cash registers that accepted only cash checks and credit cards. Now a basic register is considered the bare minimum and pos systems have. Specifically point of sale refers to the physical place where the transaction happens.

Check out our reviews of the 10 best pos systems to see how they stack. A pos transaction may occur in person or online with. A point of sale pos is a place where a customer executes the payment for goods or services and where sales taxes may become payable. Point of sale pos solutions provide a multitude of functions as well as deployment and back end options at decent prices.

There was a time where a single cash register would have been considered the height of point of sale pos technology. Simply put every time a customer makes a purchase at your store they re completing a point of sale transaction. A point of sale system or pos is the place where your customer makes a payment for products or services at your store.