What’s the Point of a Point of Sale (POS) System?

A point of sale system, or POS, is the place where your customer makes a payment for products or services at your store. Simply put, every time a customer makes a purchase, they’re completing a point of sale transaction.

The latest point of sale software goes beyond credit card processing to help retailers and restaurants incorporate mobile POS features and contactless payment options, ecommerce integration capabilities, and more.

At Software Advice, our advisors help small business software buyers find the right retail POS software everyday. We asked senior advisor Julia Morton, who helps POS software buyers, about the importance of a good point of sale system, and here’s what she had to say:

Hardware components of a POS system

  • Monitor/tablet
  • Barcode scanner
  • Credit card reader
  • Receipt printer
  • Cash drawer


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