A Point of Sale (POS) system is a terminal that is used for accepting payments via debit/credit cards and other digital or contactless modes of payment. Also known as debit card machines or credit card machines, it has software that can read magnetic chips on the cards. This enables sellers to accept card payments.
New POS machines are designed to accept various modes of payments too. These are feature-rich card payment machines that offer more applications and other value-added services for the merchants. If you run a business, it is imperative for you to stay equipped with such payment acceptance solutions. POS machines also give you the advantage of having records of all sales and transactions. Overall, a POS terminal or a card swipe machine makes the payment process easier for both the seller and the customer.