Commerce Glossary

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What is a Point-of-Sale (POS)?

point - of - sale
noun
The location where a merchant and a cardholder complete a transaction.
How Does a Point-of-Sale (POS) Work?

Traditionally, a cardholder or customer delivers payment for a good or service at a point-of-sale. Older point-of-sale used manual devices, such as cash registers, to help protect and organize all payment collected. Today, point-of-sale use scales, scanners, and other, newer technologies to collect credit card information. In addition peripherals to tablets and smartphones allow smaller merchants to collect credit card information through a payment service provider.

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