Small Business Dictionary

Point of Sale (POS) Services

Point of Sale (POS) Services are used to process face-to-face cash, check, or card payment transactions, usually with a cash register or a debit/credit card terminal. Point of Sale (POS) Services, such as Intuit QuickBooks Point of Sale Merchant Service, are more convenient for consumers and provide additional functionality beyond a traditional cash register for retailers, such as tracking inventory. Also, accepting Card Present Payments usually costs less than accepting Card Not-Present Payments.