Point of Sale (POS)

Point of Sale (POS) refers to the time and place where a retail transaction is completed. The term has expanded to include the hardware and software system that a business uses to manage sales. This can range from a traditional cash register at a counter to a comprehensive software system on a computer or tablet that tracks sales, inventory, and customer data.

Frequently Asked Questions (FAQs)

• Is Charge for Stripe a POS system?
  Charge for Stripe acts as a Mobile Point of Sale (mPOS), focusing specifically on the payment acceptance part of the transaction. While it doesn’t manage inventory or extensive customer profiles, it turns your smartphone into a powerful device for completing sales anywhere.
• What’s the difference between POS and mPOS?
  POS is the general term for any system that processes sales. mPOS (Mobile Point of Sale) refers specifically to using a mobile device like a smartphone or tablet for this purpose, offering portability and lower costs.
• Do I need a POS to accept payments?
  Yes, you need a way to process the sale. Charge for Stripe is your POS solution, allowing you to handle the entire payment process directly from your phone without needing bulky, traditional hardware.

Related terms:

• Mobile Point of Sale (mPOS)
• Card-Present Transaction
• Transaction Fees