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What is a POS (Point of Sale)

We all know that POS terminals or point of sale terminals are practically essential in electronic commerce. However, many times we do not know very well what these programs consist of and sometimes we tend to call POS to the dataphones of the banks through which the transactions are made.

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We all know that POS terminals or point of sale terminals are practically essential in electronic commerce. However, many times we do not know very well what these programs consist of and sometimes we tend to call POS to the dataphones of the banks through which the transactions are made.

In this article we are going to clarify some basic concepts so that you know what a POS is, what are its physical and software devices, as well as the utility that we can give it in our company.

What is a POS and what is it for?

A POS literally means “Point of Sale Terminal”. It is the technology or computer system that allows us to manage the entire sales process (tickets, invoices, sales, etc.). We introduce the products with a reference number or code, and this is what will help us to do the management operations.

An effective POS serves to accelerate and organize the tasks linked to the sales process, so that commercial operations can be done much easier than with the already old cash registers. It can also allow charging by credit card, which allows to increase sales and reduce liquid money in the company.

Components of a POS

A POS is dedicated to perform commercial transactions of very different types. It is important that we understand that there is a hardware part and another software. To do some operations, it is not enough to download a freely available POS management program over the Internet; If you have a physical store, you need physical components.

Let’s see what you need to have a complete system:

  • Hardware: can be compact POS or modular equipment. The compacts are computers adapted to the point of sale to make the purchase operations faster. It has the following elements: screen (touch in many cases), the CPU, a keyboard, a ticket printer and a barcode and magnetic stripe reader (to read bank cards).
  • Software: is the management program with which the seller (and also the head of the company) to have all the information of the stored inventory and each transaction is recorded and can be done quickly. There are generic or specific types and may be available in different network computers with a password so that only the manager has access to the most confidential or sensitive information.

With this we already have some concepts of what a POS is and how it can be used to improve the operations in your company. Do you use a POS terminal in your company? What type of software do you use?

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