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This is when a sale is final. The retailer will read the customers bank information and the cash is taken out of the account. This transaction will usually take 2 to 4 days depending on the bank.

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Q: What is meant by a point of sale terminal?
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Related questions

Is point-of-sale hyphenated?

Only if you are using it to describe something: a point-of-sale terminal.


What is a point of sale terminal?

A cash register.


What is point of sale terminal?

A cash register.


What are the two input devices that are regularly used at point of sale?

POS terminal means Point Of Sale terminal.keyboardbarcode scanner/reader


What is a point sale machine?

Point Of Sale (POS) machine is a terminal or part of the checkout process that processes credit or debit cards and finalizes the transaction.


What is meant by the term epos?

electronic point of sale :)


What is point of sale cash Advance?

This is pos sale cash advance where a customer obtain money from his/her credit card at pos terminal.


What is the difference in the receipt received by a customer from a cash register versus a point of sale terminal?

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Where might one learn more about a POS terminal?

A POS or a point of sale terminal is used for retail transactions. Usually when a person begins working somewhere they will receive training on how to use the POS terminal.


What is meant in retail by the 'point of sale'?

In retail stores the point of sale is where the final transaction is made and completed. This means when a cash desk, cashier or automatic cashier totals up the bill and one pays the final amount, this is the point of sale.


What do you need to have to work in a retail store?

point of sale terminal scanner and bar codes docket printers pricing guns


What is a point of sale machine?

Point Of Sale (POS) machine is a terminal or part of the checkout process that processes credit or debit cards and finalizes the transaction.