Point Of Sale Terminal (POS) is an electronic tool used in retail stores to make card payments. The POS terminal accepts and processes the cardholder's payment. It reads the payment card data, transfers money from the customer's account to the trader's account, and records the details of the transaction.
How does a POS terminal work?
This tool reads the data from the customer's card to check if there is enough money to transfer to the provider. After that, the POS terminal makes a payment. The client receives information about the transaction by e-mail or text message. The customer can also receive a printed check.
Why is a POS terminal convenient?
It is a combination of software and hardware that allows providers to receive card payments without upgrading cash registers. Many problems can be solved for POS merchants. For example, - saving time. Terminals quickly process transactions. POS terminals allow you to set up tax deductions, a system of discounts, and regular payments or create invoices. After accepting the payment, POS terminals give customers a choice: to receive a digital receipt (via SMS or e-mail), to send a receipt, or not. The terminal can also present pre-discussed tipping options, which customers can simply select and enable on the same convenient screen.
Why is a POS terminal safe?
Some POS systems come with software that allows you to record all transactions, product quantities, and other expenses directly on your phone, tablet, or laptop. A POS terminal is part of a POS system that also contains software that can do much more than just accept and process payments. Thanks to POS terminals it is possible to adjust and automate assortment statistics, statistics of the behavior of clients, reports of employees, sales, and a stock of goods.
On our site, you can choose a POS terminal that will meet all your needs and make your life easier.
