Merchant Account Point of Sale (POS) System Explained:
What is a Point of Sale System? A Point of Sale System, usually referred to as a POS system, is a system of hardware and software that enables merchants to accept payments from customers at the checkout counter. POS systems traditionally include some combination of cash drawers, credit card terminals, receipt printers, barcode scanners, and computers that run software designed to keep track of sales and inventory, but advances in technology have opened up a number of new options for merchants in recent years.
In the modern market, cloud-based POS software is gaining in popularity as iPads and other mobile devices make payment acceptance more versatile and less reliant upon large, expensive hardware. Other innovations include in-store tracking of customers, synced ordering for servers, and real-time sales data. Typically, these stripped-down POS systems consist of only a mobile device, a card reader, and optional hardware depending on a merchant’s needs.
POS (Point of Sale) Video Explanation
Use of this video does not constitute an endorsement of any kind by CardPaymentOptions.com.
About Phillip Parker
Hi, I’m Phillip and I’m disgusted by the state of credit card processing in the U.S. and abroad. I believe that the industry has been overrun by people who engage in fraud and deception in order to steal money from hard working business owners. I’ve made it my mission to expose the companies and individuals who engage in predatory marketing, pricing, and contracts, or just provide terrible service. Along with uncovering the bad guys, I’ve also discovered the good guys who do stand out from the status quo. CPO is a website where you will find ratings and reviews of these companies along with advice on how to save money and which service providers consider. Together we can move the industry in a positive direction. If you would like to help support my work, please checkout “Fee Sweep” my eGuide to getting the lowest possible fees when accepting card payments. If you haven’t heard of “interchange” this advice will save you hundreds, even thousands, in processing fees.
Schedule a Consultation with PhillipPhillip’s Merchant Account Rate and Fee Savings Guide
No Reviews Yet Leave Your Review Below