Virtual POS: the online payment system adapted to your business
Posted: Tue Dec 17, 2024 6:15 am
The virtual POS, the online version of the point of sale terminal, is a payment tool that allows digital businesses to make immediate payments over the Internet. Thanks to NFD technology, in many cases there is no need to type anything, but rather it is enough to bring the card close to the device to process the transactions.
The virtual POS is a key piece in electronic commerce . With it, customers can, after entering their credit or debit card information, carry out sales transactions immediately in any store and in just a few seconds, which means numerous benefits for businesses.
How do I request a Virtual POS?
This type of service is requested through a financial institution and to use it you need to open an account or use one that is already active. To do so, however, you must pay a commission for each use as well as certain fees linked to its monthly maintenance.
How do I set up the virtual POS?
Once an agreement has been reached with the bank to be able to use it, it is necessary to enter a series of data in the virtual terminal, operations that can be carried out from its administration panel . Likewise, it is necessary to choose the payment methods and the cards that you want to accept in the gateway, after which it is advisable to carry out a test to check that the system works perfectly. The tool itself offers the possibility of making a purchase with fictitious data.
How does a virtual POS work?
First, during the check-out process, the digital business contacts the POS providing the transaction details such as the type of currency, the amount and also the name of the brand.
The virtual terminal will then ask the customer for the card number, its expiration date and, if applicable, the three-digit security code that appears on the back of the card.
The digital POS will connect to the financial institution to which the card is linked.
The next step is for the bank to request authorization from its client to charge the card (through a security code).
Advantages of virtual POS for your business
The virtual POS offers a series of advantages so that customers telecommunications email list can purchase quickly and safely:
Use of all types of cards . The virtual POS allows transactions to be made with different types of cards, which increases sales possibilities and eliminates purchasing difficulties.
Immediate transactions . This type of tool guarantees instant payment, optimizing the collection and billing processes. When the user makes the purchase, the money is automatically deposited into the linked account, which also considerably reduces the level of non-payments, since there is no possibility of deferral.
Secure payment method . Payment with a virtual POS uses security measures such as sending codes via SMS to the user's mobile phone or coordinate cards. This makes this system much safer than other traditional methods, since customer data cannot be seen by anyone, not even by the business owner, but the information is controlled by the bank.
100% online . To use a virtual POS, it is not necessary to install any program; all transactions are carried out online.
Web administration module . The virtual tool offers businesses the possibility of having a digital administration module where they can perform different actions, such as checking payments received, making refunds, checking cancellations, etc.
Low commissions : In most cases they do not reach 1%, a minimum cost to assume taking into account the level of billing that can be achieved.
The virtual POS is a key piece in electronic commerce . With it, customers can, after entering their credit or debit card information, carry out sales transactions immediately in any store and in just a few seconds, which means numerous benefits for businesses.
How do I request a Virtual POS?
This type of service is requested through a financial institution and to use it you need to open an account or use one that is already active. To do so, however, you must pay a commission for each use as well as certain fees linked to its monthly maintenance.
How do I set up the virtual POS?
Once an agreement has been reached with the bank to be able to use it, it is necessary to enter a series of data in the virtual terminal, operations that can be carried out from its administration panel . Likewise, it is necessary to choose the payment methods and the cards that you want to accept in the gateway, after which it is advisable to carry out a test to check that the system works perfectly. The tool itself offers the possibility of making a purchase with fictitious data.
How does a virtual POS work?
First, during the check-out process, the digital business contacts the POS providing the transaction details such as the type of currency, the amount and also the name of the brand.
The virtual terminal will then ask the customer for the card number, its expiration date and, if applicable, the three-digit security code that appears on the back of the card.
The digital POS will connect to the financial institution to which the card is linked.
The next step is for the bank to request authorization from its client to charge the card (through a security code).
Advantages of virtual POS for your business
The virtual POS offers a series of advantages so that customers telecommunications email list can purchase quickly and safely:
Use of all types of cards . The virtual POS allows transactions to be made with different types of cards, which increases sales possibilities and eliminates purchasing difficulties.
Immediate transactions . This type of tool guarantees instant payment, optimizing the collection and billing processes. When the user makes the purchase, the money is automatically deposited into the linked account, which also considerably reduces the level of non-payments, since there is no possibility of deferral.
Secure payment method . Payment with a virtual POS uses security measures such as sending codes via SMS to the user's mobile phone or coordinate cards. This makes this system much safer than other traditional methods, since customer data cannot be seen by anyone, not even by the business owner, but the information is controlled by the bank.
100% online . To use a virtual POS, it is not necessary to install any program; all transactions are carried out online.
Web administration module . The virtual tool offers businesses the possibility of having a digital administration module where they can perform different actions, such as checking payments received, making refunds, checking cancellations, etc.
Low commissions : In most cases they do not reach 1%, a minimum cost to assume taking into account the level of billing that can be achieved.