![]() In fact, if your business has an old credit card imprinter just in case power or internet goes down, that is part of the POS system too. So, even a simple credit card reader constitutes a portion of a POS system. Most businesses today have some way to read a credit card and accept payment from that card. If you have ever seen a card reader attached to a tablet, that is a POS system that is operated through a smart device. They can even be fully automated checkout machines like you see at major retailers and grocery stores.įor many small businesses, POS systems are provided by third parties and run through online smart registers, tablets, or smartphones. More complicated POS systems will utilize electronic devices. In their simplest form, POS systems can just be cash drawers that you use to hold money for the day. ![]() The point of sale (POS) describes the time and place where a sale occurred. A POS system is the combination of hardware and software that were used to process the transactions. POS systems come in vast varieties. This means that any phone or tablet that runs on Android can use Toast and become an effective POS device. The company is based out of Boston, and they built their entire system to run natively on Android operating systems. Toast is known for offering cloud-based software solutions for point-of-sale resources and payment processing. Toast is among the leading POS system developers for small and medium businesses. Toast is the company that processed the payment, and its role in the transaction has to be recorded.
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