Definition

mPOS (mobile point of sale)

mPOS (mobile point of sale) is the ability for a customer transaction to be documented by a smartphone or tablet instead of by a traditional checkout register or other point-of-sale terminal

mPOS allows business owners to conduct transactions on-the-go without investing in physical cash registers. Several companies have developed mobile card readers, including PayPal Here, Square, Intuit GoPayment and VeriFone PAYware Mobile e100. Transactions are carried out by using mobile card readers that plug into a mobile device's audio jack to accept credit cards. The mobile apps that support such readers often have interfaces that resemble traditional cash registers. 

See also: Square, wireless point of sale, mobile payment

Contributor(s): Emily McLaughlin
This was last updated in September 2013
Posted by: Margaret Rouse

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