ECONOMICS

Detailed explanation-1: -EPOS stands for Electronic Point of Sale. EPOS systems are digital payment systems that enable businesses to process payments, interact with customers and store data. They are often used in retail stores, restaurants, hotels, and other service-oriented businesses.

Detailed explanation-2: -EPOS hardware can be as simple as a card reader combined with a phone app to process orders and accept payments. For a more comprehensive solution, you might also choose to buy a barcode scanner, a Bluetooth receipt printer, or a cash drawer.

Detailed explanation-3: -EPOS stands for ‘Electronic Point of Sale’. An EPOS system is basically a modern till system that features a combination of hardware and software designed to help you run your business better.

Detailed explanation-4: -Thermal Receipt Printer. Keyboard and Touch screen monitors (replaced by Tablet nowadays) Barcode scanner (for retail environments) Scales (for grocery outlets)

Detailed explanation-5: -Local EPOS systems are usually connected to a central computer system, so that financial and inventory-related data can be exchanged between the store and head office, allowing automatic accounting and replenishment.