Point Of Sale (POS) System

Point of sale (POS) is the place where a retail transaction is completed. It is the point at which a customer pays the merchant for the goods and services that they have acquired.

Different kinds of retailers have different kinds of point of sale display. For example in a supermarket, the retail point of sale stands usually have a weighing scales incorporated into their point of sale systems. A point of sale system may vary from establishment to establishment. Places like restaurants and bars don’t usually have a point of sale display stand but have specific point of sale software that allows the POS terminal to be detached and include options for tipping on the screen. At a retail point of sale, their point of sale equipment may include the ability to also perform returns.

Point of sale systems can also exist on mobiles, known as a mobile point of sale (mPOS), and allows transactions to be conducted on the move without the need of any other point of sale terminals.

A web based point of sale or cloud based point of sale allows transactions to take place on the internet and acts as a websites point of sale cash register.

Back to Glossary Index

Payment Processing Services by NOIRE PAY

NOIRE PAY & NOIRE provides industry leading online payment processing services & risk management technologies. Designed using NOIRE PAY’s, “Simply Switch On”, approach to payment processing, our payment solutions are built using the latest payment processing technology enabling businesses to “Plug In” and “Switch On” payment modules with ease if and when required.

As a leading Payment Service Provider, you can trust NOIRE PAY to find the right solution for your business. We provide everything in one simple agreement – your Internet Merchant Account, Payment Gateway and Payment Processing with all the leading cards issuers. Combined with NOIRE’s industry leading fraud & risk management solutions, merchants can be confident managing their payments safely and securely from beginning to end with NOIRE PAY.

Join NOIRE PAY today or contact us on +44 (0) 203 283 4585 of more information.