Glossary

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Point of Sale (POS)

POS terminal is a device that allows a business to accept payments from customers at a physical point of sale.
Today, modern POS terminals are not just a cash register, but also a complete system for accounting the goods and business management.
All that is needed for the POS system to work is a mobile application and an Internet connection.
How the POS terminal works:

• The customer purchases at a physical point or online;
• The POS system scans the product, calculates the price, including tax, and marks that so many units of the product have been sold;
• The client pays for the product using cash, credit card, debit, gift or any other method;
• The deal has been completed. The client picks up the product and the receipt.