Understanding Basics of Point of Sale System with Examples
Today’s point-of-sale system has transformed far beyond just a computer-based cash register. It does so much more than processing payments and logging transactions. Some of the top point-of-sale Systems have advanced features like customer loyalty programs, employee scheduling, inventory management, and more. With so many features and brands in the market, choosing the best POS system for small businesses can be a confusing endeavor. We’ve got you covered on that, and we will go on to it later, but before that, let’s know how a point-of-sale system works. How a Point of Sale System Operates? Nowadays, most point-of-sale systems are digital, and they log a transaction by scanning the barcode of the order/product, calculating the cost, and accepting the payment. The system accepts card payments by inserting, swiping, or tapping the card onto it. The point-of-sale system confirms the payment reception by connecting to the cardholders bank after entering a PIN code. ...