What Is a Point-of-Sale System?
An individual point-of-sale is where a sale occurs. Examples include your online storefront or a specific cash register in your brick-and-mortar location. A point-of-sale system consists of two parts: the hardware and the software.
The hardware may include a card reader, cash register, and receipt printer. POS software is responsible for recording the transaction and sending that information along with debit or credit card information for payment processing.
It's easy to confuse the idea of a POS system completing a transaction (taking someone’s payment in exchange for your goods or food) with payment processing. Payment processing is when the payment processor acts as a go-between for the merchant account (a business account that allows businesses to accept debit and credit card payments) and the customer’s bank.
POS software can include a wide variety of features and apps that extend the functionality of a POS system beyond that of just taking and recording sales. For example, these can help you handle your company's marketing, payroll, accounting, and inventory.
Visit our Point of sale systems pages by clicking on the buttons below. Give us a call at 727-748-4181 if we can help further explain these very important systems and how that may affect your bottom line.
An individual point-of-sale is where a sale occurs. Examples include your online storefront or a specific cash register in your brick-and-mortar location. A point-of-sale system consists of two parts: the hardware and the software.
The hardware may include a card reader, cash register, and receipt printer. POS software is responsible for recording the transaction and sending that information along with debit or credit card information for payment processing.
It's easy to confuse the idea of a POS system completing a transaction (taking someone’s payment in exchange for your goods or food) with payment processing. Payment processing is when the payment processor acts as a go-between for the merchant account (a business account that allows businesses to accept debit and credit card payments) and the customer’s bank.
POS software can include a wide variety of features and apps that extend the functionality of a POS system beyond that of just taking and recording sales. For example, these can help you handle your company's marketing, payroll, accounting, and inventory.
Visit our Point of sale systems pages by clicking on the buttons below. Give us a call at 727-748-4181 if we can help further explain these very important systems and how that may affect your bottom line.
