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POS System
The Point of Sale (POS), also called as the Point of
Purchase (POP) is the place and the time stamp at which a
retail transaction is accomplished. It is the instant during
which the customer pays to the merchant in exchange of
the goods and services. The merchant after the receival of
the payment from the customers, hand overs the receipt of
the respective transaction to the customer which is usually
printed electronically or accorded digitally.
Functioning of the POS System in businesses
The POS system permits the businesses to handle
transactions from the customers and keeping a full track of the
payments and the sales. The set up for the payment
transaction depends upon whether you deal in online sale of
the products or possess a physical store.
Here is a basic guide to the two kinds of POS Systems
particularly employed in the business market.
Clover POS System
The Clover POS System is an integrated hardware designed Point of Sale
system which helps the enterprises in streamlining the payment processes, sales,
pricing geography etc. of the business. The respective Clover POS System is
available for the web-based and server-based platforms both proferring the facility
of contactless payments employable by the mobile POS System i.e. Clover POS
System. This payment processing system has substituted the outdated processes
of maintaining registers, barcode scanners etc.
Vital POS System
The Vital POS System is the cloud based Point of Sale System which helps the
busines in streamlining th payment processes, sales, pricing geography etc. of the
businesses. The administrators of the company has the authority to add users,
create and aggregate role-based groups, configure employee access rights and
many more and that too is possible by the use of the cloud-based Vital POS
System. Using the Vital POS System, the managers of the enterprises can create
receipts, do transaction auditing, issue refunds etc.
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