Magstripe same as POS swipe function in shops?

I’m a little confused and would like clarification with the enable/disable Magstripe atm.

Does this also include the POS terminals that have a swipe function in shops? Overseas many still use this. I have not tried it yet but intend to.

Will the card still work using swipe on the POS terminal with the magstripe off? Is it only for ATM’s?

Thanks

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The magstripe setting is for ATMs , it will work I store when off.

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