Point of Sale (POS) Glossary
A sales draft is commonly known as a printed receipt in retail. A point of sale terminal generally prints a receipt at the end of each transaction, which the customer may retain as proof of the purchase.
The transactional information about a sale often includes the date, time, store name, items purchased, price, tax, total, and payment method. Additionally, the sales draft might include the buyer’s account information, return policy, and more.
If the customer did not pay in a way that links them to the purchase (for instance, they did not use a loyalty card or electronic payment method). In that case, the store might be unable to confirm the validity of a return without a printed sales draft. Because of this, many stores will require a POS receipt to process a return and may otherwise deny the return entirely or limit it to an exchange or store credit
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.