How Do Point of Sale (POS) Payments Work?

What is a Point of Sale (POS) Payment System?

Mr. Sharma's Payment Journey: Step-by-Step

Key Players in the POS Payment Process

POS Payment System Benefits

Understanding POS Payment fees: MDR

Types of POS Systems

Conclusion

Coming Up Next

Step 1: Payment Initialization

Step 2: Transaction Verification

Step 3: Forwarding to the Card Network

Step 4: Issuer Bank Approval

Step 5: Payment Confirmation

Speed

Security

Convenience

Digital Receipts

Transparency

On-Premise POS Systems

Cloud-Based Systems

Mobile POS Systems

Self Services Kiosks

All-in-One POS Systems

What Are the Uses and Benefits of FASTags?