Point of Sale (POS) Glossary
Cash and carry is a retail model where customers must pay for their items upfront at the point of sale system without using a store account, layaway, or another payment scheme where the merchant issues credit. The buyer then leaves the retail store with their goods. Many merchants today operate with this model due to the widespread use of consumer credit cards. The use of these cards, which transfers the debt to a third party not associated with the store, is acceptable in a cash and carry model.
An eCommerce store sells items at its website, accepts an electronic payment method, and then arranges delivery or permits pickup is also operating under the cash and carry model. Similarly, allowing a customer to order online or on the phone and then pay at a curbside POS also falls under the cash and carry model. The core principle of the model is that the business is not providing consumer credit.
Customers love promotions! Buyers are often pulled in by one deal and wind up buying regularly priced merchandise in addition to, or sometimes instead of your discounted items.
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.