Point of sale is the place and the equipment where the transaction is completed. POS and PDV mean the same thing; the payment terminal is a separate device supplied by the acquiring institution.
Why it matters to a reseller
Confusing the point of sale with the payment terminal comes up in almost every conversation with an end customer, so draw the line in the first exchange: a card-transaction problem is handled by the acquiring institution, which supplies the payment terminal.
Related guides
Related terms
- All-in-one terminal
An all-in-one terminal is a point-of-sale station that packs the computer, the touchscreen and the power supply into a single chassis.
- MSR (magnetic stripe reader)
An MSR is a magnetic stripe reader that reads a card as it is swiped.
- SEV and MEV-WEB
In Québec, an SEV is a sales recording system certified by Revenu Québec, and MEV-WEB is the service it transmits invoices to for the sectors covered.