What Are Consumer Rights in Online Shopping?
Learn about your rights in online shopping and what accepted agreements mean. Visit our blog for all the details!...
Everything you need to know about Virtual POS: Learn more in our blog post!
Compared to physical POS devices, Virtual POS is a newer but rapidly spreading payment technology. Now an essential part of online shopping, Virtual POS basically enables the processing of payments online, similar to what a physical POS device does in-store. So, how does a Virtual POS work, how is it used, and is it secure? You’ll find the answers to all these questions—and much more—below.
POS (Point of Sale) devices are electronic tools used to process payments via debit or credit cards instead of cash. A Virtual POS (VPOS), similarly, collects payments from you through your card information when shopping online. However, VPOS does not require any physical POS hardware. The amount charged from your card is directly transferred to the seller of the product or service. Today, you can find VPOS implemented across large-scale e-commerce platforms and niche online stores alike. This is largely due to the convenience it offers to both sellers and buyers. Virtual POS services are provided by licensed payment institutions, which means they pose no security risks. In fact, banks require websites to meet specific security standards before they are allowed to use VPOS systems.
Any business that wants to collect payments via debit or credit card online can benefit from Virtual POS. To take advantage of VPOS features like 24/7 collection, real-time secure payments, and reporting capabilities, certain requirements must be met:
Once you meet the necessary requirements, you can apply for a Virtual POS through banks or financial institutions. However, it’s important to note that banks generally do not provide consultation services and only grant VPOS access to businesses that fulfill all requirements. For a more comprehensive integration and consultancy service, digita
Learn about your rights in online shopping and what accepted agreements mean. Visit our blog for all the details!...
What is a startup and how do you launch one? Discover key steps and insights in our latest blog post!...
Discover alternative payment methods like credit card, cash on delivery, bank transfer, and mobile payment in our blog!...
The key to secure online shopping: What is 3D Secure Payment and how does it work? Learn more in our latest blog post!...
What is open banking and how does it benefit businesses? Read our blog post to find out!...
What are the key tips for online selling in e-commerce and how can you improve customer experience? Find out in our blog!...
What security measures help prevent fraud in online shopping? Explore the details in our latest blog post!...
What are Issuer, Acquirer, and PSP? Why does choosing the right PSP matter? Learn more in our blog post!...
What is ERP and how can you track POS transactions and account activity? Read our blog post to learn more!...
What are the benefits of managing collections from a single screen in the payment process? Discover the advantages in our blog!...
Everything you need to know about Virtual POS: Learn more in our blog post!...
How are international payments made and which methods are used? Find out all the details in our blog post!...
Why does cart abandonment matter for businesses and how can it be minimized? Read our blog post to learn more!...
"What is financial liberalization from traditional payments to open banking, and why does it matter? Discover the answer in our blog post!...
Payment systems refer to all financial technologies used to collect payments in your online stores. Visit our website for more details!...
Maximize your revenue with flexible payment solutions tailored to your business needs. Discover how in our latest blog post!...
What is digital credit and how does it work? Explore how businesses and consumers can benefit from it in our latest blog post!...
What is a payment page and how can you be sure it's secure? Learn how to spot safe checkout steps in our latest blog post!...
What is payment by link, how does it work, and what are its benefits? Read our blog post to explore all about link-based payment systems!...
What is checkout and why does it matter? Learn how it impacts the customer experience and conversion rates in our latest blog post!...
What is the CVV code and why is it important for secure payments? Find out in our latest blog post!...
What is authorization (provision) and what is it used for? Learn all the details in our latest blog post!...