Point-of-Sale (POS) Transactions: What Are They? And How Do They Work?

Point-of-Sale (POS) Transactions

A point-of-sale transaction is a financial transaction where a customer purchases goods/services in a physical retail location or online store. It includes funds transfer from customers using payment methods like debit/credit cards to the merchant’s account. This type of transaction usually occurs online or at the point of sale.  POS transactions have a significant role … Read more