Sales Draft (Ticket)

A sales draft, also known as a sales slip, charge slip, or ticket, is the physical or electronic documentation of a financial transaction between a merchant and a customer. This document serves as a proof of purchase and typically includes details such as the transaction amount, the date, the method of payment, and the parties involved.

Traditionally, a sales draft was a paper document that the customer would sign to authorize the transaction, indicating their agreement to pay the specified amount. This signed document was crucial for the merchant as it could be used to resolve disputes, process returns, or provide proof of purchase for warranty claims. The physical copy of the sales draft was often imprinted using a manual credit card imprinter, which would capture the details of the customer's payment card via carbon copying.

With advances in technology, sales draft data can now be captured electronically through systems known as Electronic Data Capture (EDC). These systems allow for the digital recording of transaction details, eliminating the need for physical paper slips while speeding up the transaction process and reducing errors. The electronic sales draft is created at the point of sale and can be signed digitally or authenticated through other means such as PIN entry or biometric verification.

Whether in paper form or electronic, the sales a draft is a fundamental component of the transaction process, providing a tangible record of the purchase and facilitating smoother interactions between customers, merchants, and financial institutions.