What Is Point Of Sale Systems

Simply put every time a customer makes a purchase at your store they re completing a point of sale transaction.

What is point of sale systems. Point of sale pos solutions provide a multitude of functions as well as deployment and back end options at decent prices. Now a basic register is considered the bare minimum and pos systems have. A point of sale or pos system is the hardware and software that allows a business to process customer payments for products and services. A point of sale system is the heart of a business and used for many essential tasks such as inventory management labor reporting menu customization price adjustments staff management sales reporting customer management marketing initiates and so much more.

Check out our reviews of the 10 best pos systems to see how they stack. There was a time where a single cash register would have been considered the height of point of sale pos technology. 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. Traditionally pos systems were physical cash registers that accepted only cash checks and credit cards.

A pos transaction may occur in person or online with. 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. Specifically point of sale refers to the physical place where the transaction happens.