Time and place where a retail transaction is completed
This article is about checkout technology. For managed care, see point of service plan.
Points of sale at a Target retail store
Marketing
Marketing
Marketing management
Key concepts
Distribution
Pricing
Retail
Service
Activation
Brand licensing
Brand management
Co-creation
Consumer behaviour
Consumer culture
Dominance
Effectiveness
Ethics
Promotion
Segmentation
Strategy
Account-based marketing
Digital marketing
Product marketing
Social marketing
Influencer marketing
Attribution
Annoyance factor
Horizontal integration
Vertical integration
Promotional content
Advertising
Branding
Corporate anniversary
Direct marketing
Loyalty marketing
Mobile marketing
On-hold messaging
Personal selling
Premiums
Prizes
Product placement
Propaganda
Publicity
Sales promotion
Sex in advertising
Underwriting spot
Promotional media
Behavioral targeting
Brand ambassador
Display advertising
Drip marketing
In-game advertising
Mobile advertising
Native advertising
New media
Online advertising
Out-of-home advertising
Point of sale
Product demonstration
Promotional merchandise
Promotional representative
Visual merchandising
Web banner
Word-of-mouth
Research
Market research
Marketing research
Mystery shopping
Consumer research
v
t
e
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt, as proof of transaction, which is usually printed but can also be dispensed with or sent electronically.[1][2][3]
To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers (or the more advanced "POS cash registers", which are sometimes also called "POS systems"[4][5]). To make a payment, payment terminals, touch screens, and other hardware and software options are available.
The point of sale is often referred to as the point of service because it is not just a point of sale but also a point of return or customer order. POS terminal software may also include features for additional functionality, such as inventory management, CRM, financials, or warehousing.
Businesses are increasingly adopting POS systems, and one of the most obvious and compelling reasons is that a POS system eliminates the need for price tags. Selling prices are linked to the product code of an item when adding stock, so the cashier merely scans this code to process a sale. If there is a price change, this can also be easily done through the inventory window. Other advantages include the ability to implement various types of discounts, a loyalty scheme for customers, and more efficient stock control. These features are typical of almost all modern ePOS systems.
^"Paperless Receipt Solution (PRS) System". James Dyson Foundation. Archived from the original on July 1, 2017. Retrieved August 9, 2015.
^"Electronic Transmission of Prescriptions". Business Services Authority. Archived from the original on July 6, 2017. Retrieved August 9, 2015.
^"Tricks traders use to evade billions of francs in taxes". The New Times. 9 October 2014. Archived from the original on 2017-06-30. Retrieved August 9, 2015.
^"Cash register vs. POS system –what's the difference?". 30 June 2019. Archived from the original on 2023-03-30. Retrieved 2023-06-25.
^"How to Choose a POS Cash Register". Archived from the original on 2023-04-07. Retrieved 2023-06-25.
A point-of-sale display (POS display) is a specialised form of sales promotion that is found near, on, or next to a checkout counter (the "pointof sale")...
they would be discontinuing their PointofSale software on October 3, 2023, including technical support and support of credit card Merchant Services, stating...
A pointof service plan is a type of managed care health insurance plan in the United States. It combines characteristics of the health maintenance organization...
have also served the purpose of a cheque guarantee card, a now almost defunct system to guarantee cheques at pointofsale. The first bank cards were automated...
with using online debit cards is the necessity of an electronic authorization device at the pointofsale (POS) and sometimes also a separate PINpad to...
and a signature for purposes of identity verification. The customer hands their card to the cashier at the pointofsale who then passes the card through...
transfer at pointofsale (EFTPOS; /ˈɛf(t)pɒs/) is an electronic payment system involving electronic funds transfers based on the use of payment cards...
name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The Shopify platform offers online retailers a suite of services...
Look up sale, sales, or for sale in Wiktionary, the free dictionary. Sale may refer to: Sales, the exchange of goods for profits Sales, discounts and allowances...
payment company with the status of an acquiring bank that allows businesses to accept e-commerce, mobile, and point-of-sale payments. It is listed on the...
electronic device for registering and calculating transactions at a pointofsale. It is usually attached to a drawer for storing cash and other valuables...
their platform base and the countries they offer services in: (POS -- PointofSale) Payment gateway Payments as a service Ripple (payment protocol) "FAQ"...
team and staff, the pointofsale and many other elements. The store layout is a whole touchpoint in itself as it includes all types of atmospherics that...
cardholder (as they would during point-of-sale or card present transactions). It was instituted to reduce the incidence of credit card fraud. These codes...
credit or debit card chip and PIN transaction at a contactless-capable point-of-sale terminal. It does not require Apple Pay–specific contactless payment...
the launch of its own point-of-sale system, WM Retail, and announced live menu integrations for consumers using Cova or Meadow point-of-sale systems. In...
product at a very low, but not frozen, temperature at the pointofsale. Charles Taylor of Buffalo, New York, patented an automatic ice cream maker in...
provider of global electronic payment services with headquarters in Leawood, Kansas. It offers automated teller machines (ATM), pointofsale (POS) services...
cannot be used as ATM cards. The use of a credit card to withdraw cash at an ATM is treated differently to a pointofsale transaction, usually attracting...
transaction-acquiring device, such as a point-of-sale terminal (POS) or an automated teller machine (ATM), through a series of networks, to a card issuing system...
services. This can include purchasing items either online or at the pointofsale in a brick and mortar store, using either mobile payment (on a smartphone...
manufactured hardware and developed software and services for the restaurant pointofsale, hotel, hospitality, sports and entertainment venues, casinos, cruise...
example of split payment confirmation page for online business Many PointofSale (POS) systems implement split payment. MicroTelecom. "POS Systems and...
Global Information