What Is the Point of Sale? The “point of sale” refers to the time and place when a business accepts and processes a customer’s order. The POS system employs hardware and software components for this purpose. It’s best to understand how these components work before shopping around for a POS system. This information is crucial to budgeting for systems best suited to your needs. How a POS System Works A point-of-sale system guides customers through steps that end with a successful purchase. In most cases, it works in the following way: A customer selects an item(s) to buy. The buyer either physically presents the products at the checkout store or views their digital shopping cart with the intent to finalize their payment. The POS system prices the item(s). The business’s POS tool tallies the customer’s item(s) total cost, including practical tips and sales taxes. Often, businesses use POS software that… read more