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What is a POS system?

What is a POS system? As a business owner or business manager looking to upgrade your business’ payment processing system you may be scratching your head at this question. But the good news is you probably already know what these systems are, the terminology is just slightly new. 

A POS system, or point of sale system is a combination of payment hardware and software which sets your business up to conduct transactions for products or services at both your physical and online businesses. For electronic versions of POS systems, you may hear the term  ‘ePOS’ for electronic point of sale system. 

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