Request a callback

What is a POS terminal? Types of POS.


Question

What is a Point of Sale Terminal (POS)?

Answer

Index [Hide] [Show]

Point of Sale Terminal(POS) is a physical or virtual device used to charge debit or credit cards. Point-of-sale terminals are issued and controlled by banks with the approval of an acquiring bank authorized by the Vista, MasterCard, Amex, JCB and Diners Club card brands.

POS terminals can be classified into 2 types:

Physical Point of sale terminal

This type of face-to-face payment terminals are also called PIN Pads and are usually used in stores, restaurants and other businesses that have a physical location. 

POS terminal

Virtual Point of sale terminal

Virtual POS is a terminal for non-face, virtual payments. As its own name says, these terminals are used to accept online payments through a payment gateway.

Virtual POS for credit cards



Make a question or comment

Recent posts

The best online payment methods

What is Pin Pad and why you need it for your business?

PSD2 regulation: How will it affect E-Commerce?

What international payment methods are the most used on the Internet?

What is a payment gateway? How does it work?

What is a traditional virtual POS for Web sites?

What is a POS? Types of POS.

Difference between credit cards and debit cards.

PAYMENT METHODS

Payment gateway website

MOTO payment

Recurring payment

Bank accounts

Pre-approval form