Retail Glossary
Retail has its own vocabulary, and a lot of it gets thrown around without explanation. This glossary breaks down the terms you'll run into when running a store or choosing retail software: POS systems, payment gateways, inventory management, checkout, omnichannel, and more. Each entry gives you a short, jargon-free definition, plus links to our in-depth guides where you want to go further.
Definitions
- Average Transaction Value (ATV)
- BOPIS
- Barcode Scanner
- Card Reader
- Cash Drawer
- Cash Register
- Chargeback
- Cloud POS
- Dynamic Pricing
- EMV
- EPOS System
- Inventory Turnover
- Kitchen Display System
- Loyalty Program
- Merchant Account
- Omnichannel Retail
- POS Integration
- POS Offline Mode
- POS System
- POS Terminal
- Payment Gateway
- Payment Processor
- Receipt Printer
- Retail Environment
- Retail Media Network
- Retail Shrinkage
- SKU
- Self-Checkout Kiosk
- Tap to Pay on iPhone
- mPOS (Mobile POS)
