![]() ![]() In the past, the cash register was also the POS terminal. ![]() Today, the terminal in a shop can be a laptop, desktop computer, smartphone, or tablet. But here are the most popular ones that most businesses would have: POS terminalĪ POS terminal is the device that the mobile POS software runs on. ![]() Common types of POS hardwareĭepends on your business type, what you need to run a POS system can differ. But thanks to the development of technology, or more specifically, the cloud-based server gives merchants more mobility when it comes to using the POS system. Traditionally, a POS system consists of point-of-sale hardware and software. With offline orders, the money is directly received by the seller without any delay. When a buyer visits a store and makes the payment for products/services at the cash counter on which a POS is installed, it is termed an offline POS transaction. POS transactions can be divided into two major categories:Īs the name suggests, this transaction occurs when a customer purchases from an online store, more specifically when they enter their credit card details and the money is transferred to the seller. Any form of payment can be counted as a POS transaction, including cash, debit cards, credit cards, mobile payments, and even accumulated loyalty points. POS is an abbreviation for point of sale, which refers to any place where a transaction can happen, whether it’s for a product or service.Ī POS transaction occurs when a transaction is finalized or the moment where a customer proceeds payment in exchange for goods and services. ![]()
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