Point of Sale (POS) Glossary
Payment type or tender is the method that a customer pays for goods or services. Payment types may be cash, credit, debit cards, Apple Pay, checks, gift cards, and others. Payment via a combination of methods is known as a split tender transaction, which is helpful to customers who may have limitations on using a payment type.
A point of sale system may take multiple tender types depending on a store’s policies and procedures. As payment types continue to evolve and new ones are introduced, merchants must decide which tender methods best suit their businesses and equip their POS systems to accept them. Many consumers have a preferred payment method and may be more likely to use a business that accepts that type of tender.
It was great meeting all Adobe Magento industry professionals that attended Magento Meet Florida. The event was planned perfectly from sessions to solutions.
This year we decided to attend Meet Magento in Miami, FL from Feb 15th-16th, 2023. It's a great opportunity for us to visit with some of our existing customers, and future partners.