People often wrongly use the terms POS, POS System, POS Software and POS Terminal interchangeably. We will work on explaining all the three concepts clearly so that you too can sound like an expert at the next retail conference. 🙂
Definition of POS (Point of Sale)
A Point of Sale(POS) or a POS Store is technically a single location from which sale of physical goods is conducted and it usually represents a retail store.
What is a POS System?
A POS System is the overall hardware and software system used for billing in a POS Store. It usually consists of the following:
- A Display unit to show the billing
- A Keyboard/Touch Screen to select products and enter data
- Barcode Scanner to scan objects being billed
- A Printer to print the receipt
- Cash Register – for storage of Cash obtained during sales
The Software that runs on the POS System is what is usually referred to as the POS Software. It may be provided by the hardware providers as a bundled solution or you can use any available software in the market like Primaseller POS.
This POS Software can be on the cloud – which means it works on a browser on any device on the internet or it could be native, which means it needs to be installed on each system. Globally the world is moving towards cloud based POS software.
What is a POS Terminal?
A POS terminal is nothing but a Card reading machine. These machines may or may not be integrated with the POS Software. Such machines usually detect all modes of payments over Swipe and Chip Based Cards. Modern POS Terminals also detect NFC Contactless (Apple Pay, Google Wallet, Samsung Pay).
Primaseller is integrated with Vantiv and Clearent for Dejavoo Manufactured POS Terminals.