2016-11-23 00:00:00 Payment Processing English Find out about point-of-sale technology. A POS can complete complex transactions and keep track of inventory. Today, a smart device can... https://d1bkf7psx818ah.cloudfront.net/wp-content/uploads/2017/03/08214809/point-of-sale-equipment.jpg Point of Sale

Point of Sale

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Traditionally, point of sale is a computer used to process sales transactions in a retail establishment. A POS has some features of a traditional cash register but can process cash, check, mobile wallet and credit and debit card transactions.

A POS can be configured to communicate with other devices in a retail establishment, such as a desktop computer and handheld inventory control devices, known as input/output devices. In the digital age, a smart device can be converted into a POS with a credit card reader attached to it. Cloud-based bookkeeping software also has POS capability, allowing brick-and-mortar and online retailers to complete transactions and maintain inventory with personal computers.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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