What You Need to Know About Virtual POS: What Is It, Is It Safe, and How to Get One?

What You Need to Know About Virtual POS: What Is It, Is It Safe, and How to Get One?

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Everything you need to know about Virtual POS: Learn more in our blog post!

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What You Need to Know About Virtual POS: What Is It, Is It Safe, and How to Get One?

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.

What Is a Virtual POS?

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.

How to Use Virtual POS?

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:

  • The website you plan to sell on must be accessible, and all payment processes should function properly.
  • To ensure a secure shopping environment, PCI DSS compliance is required, and a valid SSL certificate must be obtained from an authorized provider.
  • The site should include a product catalog, shopping cart, and a payment page offering card payment options.
  • The business must clearly state the terms of ordering, warranties, cancellations, and returns.
  • The site must present a “Privacy Policy and Security Statement” to consumers regarding online sales.
These are the basic conditions for a VPOS setup, but additional requirements may vary from bank to bank. In Türkiye, many banks offer Virtual POS services, usually charging an annual subscription fee and a commission on transactions. Both the subscription fees and commission rates may vary across different banks.

Where to Get a Virtual POS?

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

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