What is a POS system?

It is a meeting point that brings together more than one transaction in parallel to manage and complete a larger transaction and succeed in the e-commerce process in general.

It may be a device or a small machine that accepts cards and is connected to a laptop or mobile phone and manages all your points of sale easily and from one place.

With the growth and development of e-commerce, many systems and processes appear to support this development and reach the best-desired results when working with e-commerce.

The Point of Sale system (POS) is one of those systems and processes, and it is characterized by allowing the link between your online store and the branches of your various traditional stores, which provides you with easier and more professional management of your trade.

Among the transactions that the point of sale system helps you to follow up, manage and complete better:

• Inventory tracking.
• Data analysis and processing.
• Get to know the list of the best-selling products.
• Get statistics and reports.
• Track the rate of sales.

In simple terms, the POS system is a small device or machine that accepts cards and is connected to your laptop, iPad, or mobile phone. This device starts reading the products in the online store and getting to know all their characteristics, including price, description, and so on.

When a customer purchases a product from your store, the device starts reading the process as follows, selecting the product, and processing the payment, transferring the money to your bank account instantly.

In this way, the device can report to you about sales, calculate revenue and profit, track product quantity or track inventory, and perform many other transactions to support your trade.

How can you benefit from the point of sale system in your online business?

• The possibility of managing more than one branch or sales channel at the same time and with the same efficiency.
• Support for barcode scanners and receipts.
• Sales rate tracking.
• Keep track of stock size and quantity of available products.
• Possibility to work without being connected to the Internet.
• Easily add new products, at any time.
• Easily print receipts and send them to customers.
• Returns management.
• Processing all types of payment, whether by electronic payment cards or credit cards.
• Provide periodic comprehensive reports.

Above all, the point of sale system is suitable for any type of commerce, it does not matter if your commerce is online only, but it can be activated and used in managing a traditional retail store.

Here is the biggest benefit that the merchant can benefit from, which is the ability to connect all of his sales channels, whether traditional channels or online channels such as the online store and social media.

Finally, I suggest an article entitled: What is Stock Keeping Unit (SKU) meaning?