What does the pos receipt mean?

Pos receipt refers to merchants using POS terminals for payment processing. It is a new generation of electronic payment service, which can automatically settle accounts through different transaction methods such as swiping cards and scanning codes through POS terminals, saving time and labor costs. Merchants can purchase and install POS terminals through cooperation with banks and settle accounts through bank accounts.

The process of pos receipt is very simple. First of all, consumers buy from merchants and choose payment methods (credit card, code scanning, etc.). ). Secondly, the merchant reads the consumer payment information through the POS terminal and sends the information to the bank. Then the bank deducts the balance of the consumer account according to the payment information, and then transfers the funds to the merchant account for settlement.

The advantages of pos receipt mainly lie in convenience, quickness, safety and reliability. It can change the traditional shopping checkout method, save labor costs, improve work efficiency, and make consumer payment and merchant settlement more convenient, fast and safe.