A point of sale purchase or payment is the specific point in time when a financial transaction takes place through a POS system. For example, if you decide to buy two products and take them to the checkout counter, the staff there would scan the products and create a receipt.

What is included in point of sale?

A retail point of sale system typically includes a cash register (which in recent times comprises a computer, monitor, cash drawer, receipt printer, customer display and a barcode scanner) and the majority of retail POS systems also include a debit/credit card reader.

What are different types of point of sale?

• Desktop POS system.
• Mobile POS system.
• Tablet POS systems.
• Self-service kiosk POS systems.
• Conclusion.