Definition, Meaning & Synonyms
point-of-sale
noun
/ˈpɔɪnt əv seɪl/
Definition
The place where a retail transaction is completed.
Examples
- The restaurant upgraded to a modern point-of-sale system to speed up service.
- Many businesses are transitioning to cloud-based point-of-sale solutions.
- At the point-of-sale, customers can receive digital receipts for their purchases.
Meaning
Point-of-sale (POS) refers to the system where a customer makes payment for goods or services. It typically includes both hardware (like cash registers or card readers) and software that processes sales transactions.
Synonyms
- Checkout system
- Sales terminal
- Payment processing system
