POS is an abbreviation frequently used in business for ‘Point-of-Sale’ and a POS system is used as the point where a payment transaction takes place. It can be anywhere a customer make a payment in a bar, a salon, retail store, hotel, cafe or restaurant.
A Point-of-Sale system is not just designed to handle straight-forward payment transactions. It can also involve things like discounts and promotional offers, gift cards and coupons, exchanges and returns.
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