What is a POS system? A POS system is a combination of hardware and software that allows businesses to complete purchases, record sales data, manage inventory and employees, and view business performance reports. Types of POS hardware POS hardware refers to the physical components needed to conduct the sales transaction. Mobile POS systems are becoming the most common choice for small and midsize businesses, especially those that need additional flexibility in their sales processes. These are the most common types of POS hardware: Tablet Tablet stand Cash drawer Receipt printer Card reader Credit card terminal Depending on your industry and budget, you can integrate additional POS hardware, such as these items: Barcode scanners Customer display screens Caller ID devices Self-serve kiosks Coin dispensers Kitchen display systems Kitchen printers Digital menu boards Scales Tablet cases How does a POS system work? The basic function of a POS system is to complete sa...