What is Cloud Based Point of Sale (Cloud-based POS)?

Cloud based point of sale is a POS system where any type of transaction information is delivered from a remote cloud service. The service is accessible over the internet and is far more advantageous than what the traditional hardware based POS systems offers. The biggest advantage is the reduction in costs that is suiting the small businesses. In fact, it can be said cloud POS is proving beneficial even to the large e-commerce stores and enterprises who are involved in selling their products and services at business trade fairs, conventions, exhibitions etc.