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Glossary: Point of sale

Point of sale (POS) is the location where a customer makes a payment for goods or services.

Point of sale (POS) refers to the place where a retail transaction is completed. Traditionally, POS is the checkout counter, computer terminal or digital basket on an eCommerce website where the shopper finalises the transaction. A POS system is a combination of hardware and software that processes sales transactions and tracks inventory, customer and sales data.

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