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credit cards faq/glossary
The most common questions asked about Credits Cards.
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Credit Card Glossary
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P
 
POS (Point of sale)
definition
What do POS (point of sale) mean?

The point of sale is that spot in a department store for example, where there is possible to make the payment with the help of a credit card. It is a register which is electronic, and is considered a more comfortable way of arranging transactions than when cash is involved.

The point of sale is the physical location, while the point of sale terminal is the actual device with the software it uses in order to make the transactions themselves possible. Nowadays points of sale are available in s wide category of public services related facilities like restaurants or hotels, and it is a type of service which actually facilitates both the merchant/personnel’s job and the purchaser’s.
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