What is a POS system?
POS terminal is a more precise term. It refers to the electronic machine that performs and processes the transaction. You may recognize a ePOS machine if you encounter a touch screen that is connected to a receipt printer, cash drawer, a scanner for barcodes, and, for more advanced machines, a credit card reader and, for more advanced machines, a connected iPad to sync and store your data through special apps. More advanced ePOS systems are usually found in luxurious retail shops or malls, as they provide easier access to information and faster processing.
All POS machines use a ePOS software to function. In short, a ePOS system is a combination of a POS machine and ePOS software. This system allows the transaction between the customer and the merchant. It is used in restaurants, retail shops, small and large and small vendors, malls, and so forth.
A POS is a quick and easy device that you can use to adjust prices, create and customize menus, and much more! It is a much more convenient device that manual registers or even cash registers.
You may think that all POS systems are the same, but trust me- they’re really not! To each business its convenient system. The following section will explain the types of POS systems.