Point of Sale (POS)

Point of sale (POS) is the place where a retail transaction is completed. It is the point at which a customer pays the merchant for the goods and services that they have acquired.

Different kinds of retailers have different kinds of point of sale display. For example in a supermarket, the retail point of sale stands usually have a weighing scales incorporated into their point of sale systems. A point of sale system may vary from establishment to establishment. Places like restaurants and bars don’t usually have a point of sale display stand but have specific point of sale software that allows the POS terminal to be detached and include options for tipping on the screen. At a retail point of sale, their point of sale equipment may include the ability to also perform returns.

Point of sale systems can also exist on mobiles, known as a mobile point of sale (mPOS), and allows transactions to be conducted on the move without the need of any other point of sale terminals.

A web based point of sale or cloud based point of sale allows transactions to take place on the internet and acts as a websites point of sale cash register.

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