The hardware and software where a sale is completed — from a countertop terminal to a full POS system with inventory, reporting, and staff management. Often shortened to POS.
Why it matters for your business
Terms like Point of sale aren't just jargon — they sit behind what you actually pay to accept payments. Understanding them is the difference between reading your statement and being at the mercy of it. If you're not sure how this shows up in your own costs, the fastest way to find out is to have someone read your statement line by line.
See what you're really paying →Related — Processing & Technology