What is Terminal in Retail? Explained

A terminal is a point of sale (POS) device or system used for processing transactions. These terminals can be physical devices, like cash registers or electronic card readers, or virtual platforms for online transactions. Terminals play a crucial role in completing sales, handling payments, and managing inventory. With technological advancements, modern terminals often integrate various functions such as inventory tracking, customer relationship management, and analytics, contributing to a more efficient and streamlined retail operation.