POS (Point of Sale) is the place and moment where you pay for a purchase: the checkout counter, the card terminal, or the online basket when you click pay. Understanding POS helps you see how your card, phone, or account connects to the merchant when money changes hands.

In a shop, the POS is usually a terminal that reads chip, PIN, or contactless payments. Online, the POS is the payment page hosted by the merchant or a payment provider. Either way, your bank approves the transaction through a card network or a bank transfer scheme. With bunq, you get Instant Notifications for card and many account payments so you always know what left your balance. See Payments and bunq Cards for how you pay day to day.