Meaning of the word "point of sale" in English

What does "point of sale" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

point of sale

US /ˌpɔɪnt əv ˈseɪl/
UK /ˌpɔɪnt əv ˈseɪl/
"point of sale" picture

Noun

1.

the place where a retail transaction is completed

Example:
The new software integrates with our existing point of sale system.
Many stores now offer mobile point of sale solutions.
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