what is pos debit

POS Debit refers to a transaction that comes specifically from a debit card, sometimes called an ATM card, and is made using a POS device, an ATM, or an online POS system. Every sale that goes through the point of sale system is technically a POS transaction, but debit card purchases are singled out as POS debit to help customers understand what the transaction was. POS and POS debit are the two most common terms that will appear on customer statements when they use their debit card at the checkout online or cash register in person. The merchant descriptors applied to customers’ bank account statements help them understand what that transaction was. A POS system, aka Point of Sale system, is a single or a combination of devices that lets merchants record the transaction, process payments, and manage and run the business.