POS for Sale Online in South Africa | DIY Geek
A POS transaction may occur in person or online, with receipts generated either in print or electronically. Cloud-based systems are becoming increasingly popular among merchants.
A point of sale purchase or payment is the specific point in time when a financial transaction takes place through it’s 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.
There are many different types of these devices, including smartphones, tablets, mobile, card and chip readers, touch screens, computers, self-service kiosks, and terminals. Other POS-related devices include bar-code scanners, cash drawers, keyboards, receipt printers, and more.
Simply put, it’s system is made up of hardware and software that works together to process sales and payment transactions at the point of purchase. It performs all the basic cash registers functions like ringing up items by department, tracking sales, adding taxes, and creating receipts.
At their most basic level, small business systems include credit card payment hardware and a system that sends the funds to your bank account. You need a separate card processor system for that. Cash registers have basic functions and can do some simple reporting, like telling you how many sales you made that day.
“A point of sale” is a place where a customer executes the payment for goods or services and where sales taxes may become payable. This transaction may occur in person or online, with receipts generated either in print or electronically. Cloud-based systems are becoming increasingly popular among merchants.