What Is a POS Terminal? – Caroline Goldstein

POS stands for “point-of-sale,” which is just a succinct way of referring to the place where a retail transaction is processed and completed. That is, it’s where the customer selects an item or service, the merchant calculates the amount owed and offers the customer methods of payment, the customer pays and the merchant accepts and…

Caroline Goldstein writes for NerdWallet. Email: wpguestuser+cgoldstein@nerdwallet.com.

Read More