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When people discuss point-of-sales system, what actually does it mean?

Answer by Tom DeSimone:

Here’s a short answer:

A POS system includes some or all of the following:
 

  • Cash drawer
  • Computer or tablet
  • Merchant software
  • Barcode scanner
  • QR/NFC scanners
  • Credit card terminal
  • Receipt printer
  • Check scanner

Merchant software includes inventory management, payments, loyalty, various integrations and other industry-specific programs. This software, especially the payments software, is often marketed as POS software.
 
A credit card terminal (the device in the second picture, used for debit cards as well) is usually part of a POS system, but generally you’ll need other hardware from the list above to manage your sales and business. But it depends on your needs.

Oh, and of course you'll need a payment processing service to put any of this to use.

When people discuss point-of-sales system, what actually does it mean?

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