Point of Sale (POS) Glossary
A POS terminal is a digital cash register where customers pay for their retail purchases. Cashiers and patrons may conduct other store business at a point of sale (POS) terminal, such as placing orders, checking gift card or point balances, and other non-transactional interactions if the system supports them.
POS terminals may include cash drawers, barcode scanners, printers, dual displays, and more. A POS terminal could also be a tablet or smartphone enabled to process transactions. The mobile POS terminals are handy for checkout around a store, curbside, and even remote locations if they are equipped with cellular connections.
Point of sale terminals may be networked throughout the store, across stores, and have connectivity with online websites. They are used to collect a variety of data and integrated into accounting and management systems.
An eCommerce website is open 24/7 and accessible from all over the world. Being online and having physical store opens your business to a global market.
You’ve probably been at the register at the grocery store and asked if you wanted to contribute money to a charity as you checked out. Maybe you donated, or perhaps you found it was annoying. It might have depended on your mood that day, or possibly the charity was a deciding factor.