Point of Sale Glossary

Point of Sale (POS) Glossary

A

Age verification

Average Quantity

B

Batch Processing

C

Cost of goods Sold

Card signature threshold

Configurable or Composite product

Counting the drawer

D

Debit Transaction

E

End-to-end encryption

F

Financial Statement

G

H

High-speed retail

I

Inventory on hand

Inventory adjustment

Inventory count

Inventory value

Itemized receipt

J

K

Keystone pricing

L

Loss Prevention

M

Mulitple Pricing

Merchant account

Multi-factor authentication

N

Non-taxable sales

O

Open priced item

Opening Amount in POS Register

P

Perpetual Inventory

POS exception reporting

POS peripherals

Product attribute or variant

Payment Gateway

PIN verification

Q

R

Retail Markdown

Retail merchandising

Recurring transaction

S

Sales restriction and overrides

Stand-alone terminal

Settlement date

T

Tender or payment type

Transaction fees

U

Unit priced items

Unencrypted data

Upmarket services or goods

Unified brand experience

V

Virtual payment terminal

Variable pricing

W

Walk-in Customer

X

Y

Z

CONNECT ACID POS TO POPULAR PLATFORMS