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Point of Sale (POS)

Point of sale (POS), a critical piece of a point of purchase, refers to the place where a customer executes the payment for goods or services and where sales taxes may become payable. It can be in a physical store, where POS terminals and systems are used to process card payments or a virtual sales point such as a computer or mobile electronic device.

POS Machine

An ODPC Bank POS machine (also known as a card swipe machine) is a payment terminal. Provided by the bank on which the merchant can swipe or dip cards to receive payments. ODPC Bank is offering M-POS machines to customers with the help of Paynear Solutions. Machine cost is very affordable. Customers can swipe their cards on this machine for purchase goods or services against payment.


A POS or point of sale generally means any location where a sale or transaction may take place. If you look at the bigger picture, a POS or point of sale can easily mean a mall, a market or a city because these are locations where something likely is going to get bought or sold.

The main Benefit of a computerized POS system over a cash box or a cash register is the sophisticated and detailed sales reports it provides.

The transaction becomes active when the magnetic stripe on a credit or debit card is moved through a console at a retailer. Other swipe cards, such as those that work as keys, activate when they come in contact with the card reader, such as tapping the card to pad next to a door handle.
The general setup of a POS system includes a server along with one or more terminals depending on how many checkout stations there are. There is a keyboard for entering data, a cash drawer, credit/debit card swiper, pin pad, and a receipt printer.

If you operate a retail establishment or other business that handles cash or credit transactions, you probably have cash registers, credit card machines or point-of-sale (POS) machines installed to handle your transactions

A retail point of sale system typically includes a cash register (which in recent times comprises a computer, monitor, cash drawer, receipt printer, customer display and a barcode scanner) and the majority of retail POS systems also include a debit/credit card reader.

Point of sale, location where payment is accepted. The point of sale (POS) or point of purchase (POP) is the time and place where 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 for the transaction.
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