A point-of-sale, or POS solution enables businesses to seamlessly accept in-store payments from their customers. Point-of-sale terminals enable card data capture and the secure transfer of funds from the customer's account to the merchants'. A point-of-sale transaction refers to the process through which a business records a sale and completes payment. The POS system is used to locate and register the products or services being purchased. It automatically calculates the total price, including any taxes, discounts, or adjustments. When integrated with inventory management, the system reduces the stock count for the items sold. The customer completes payment through an accepted payment method, such as a card or mobile wallet, often using an EFTPOS or card terminal. Finally, a receipt (digital or printed) is generated and provided to the customer.
