What is Virtual POS? How to Get Virtual POS?

Virtual POS systems are one of the most important motivations supporting the increasing e-commerce volume. Virtual POS (VPos), which enables consumers to make payments using their debit or credit cards in non-physical locations, supports the goals of e-commerce sites to increase their customers with the fast and reliable infrastructure they offer. In our article, we answered all the curious questions such as what is Virtual POS, how to buy it, what is the working logic, which allows collection at any time of the day and reveals the reliability concerns of a significant mass of people who are distant from online shopping.

What is Virtual POS?

Virtual POS are non-physical POS devices that enable online merchants to collect debit and credit cards. Virtual POS, adapted from the definition of Virtual Point of Sale (VPOS ) in English, can be defined as an online collection system that brings the buyer and seller together in a secure environment for the collection of the product sold over the internet. Virtual POS offers a virtual secure environment to both sides of the sale and the order creation process is completed by collecting the shopping through this environment.

How Do Virtual POSs Work? How is the Working System?

The working system of the virtual POS can be summarized simply as the online version of the physical POS. The only difference in virtual POSs, which, like classic POSs, require information about the card to be shopped and user approval, is that no physical access is required during the provision of this information.

As it is known in conventional POS, consumers physically use their cards to be scanned by the POS device and complete the payment by entering the password of the card to the POS device. In Virtual POS, these requirements are met by entering information such as the user name and surname of the card, card number, expiration date and CCV. Virtual POS systems are one step ahead of physical POS in terms of security by enabling users to verify their mobile phones with the 3D Secure approval they additionally offer.

How to Get Virtual POS?

For the installation of Virtual POS, e-commerce sites can apply to banks or payment institutions authorized by the CBRT. Depending on the procedures of the applied organization, documents such as membership agreement, distance sales contract, cancellation and return procedures, signature circular, partnership agreement, photocopies of the identity cards of the partners, documents showing the bank account to which the payments will be transferred (passbook or transaction receipt), commercial registry newspaper and tax plate are required.

After the application made in accordance with the procedures of the organization to receive Virtual POS service, the suitability of the e-commerce site for the system is examined by the organization. There are some conditions required by organizations for Virtual POS procurement. The virtual POS application of e-commerce sites that fulfill these conditions, which can be listed as having SSL certificate and using 3D Secure approval for user security, is approved and the installation is completed.

How to Apply for Virtual POS?

As mentioned above, Virtual POS applications are made to banks or payment institutions authorized by the CBRT. E-commerce sites that will apply must first ensure that their websites comply with the criteria required for security. After the compliance provided, the approval stage is expected by applying to the physical or online branches of the organizations with the necessary documents in the virtual POS application. After the approval, the virtual POS installation is realized and the sites can offer debit and credit card payment support to their customers.

Which Documents are Required for Virtual POS Application?

For the virtual POS application, organizations request a number of documents to confirm the existence of the business and the compliance of the service it offers with its procedures. The mentioned documents must be completed in full and submitted to the organizations offering virtual POS infrastructure. The documents required for virtual POS applications can be listed as follows:

1. Photocopy of identity card
2. Signature circular
3. Partnership agreement
4. Tax plate
5. Copy of Trade Registry Gazette
6. Distance Sales Contract
7. Cancellation and Refund Procedures
8. Membership Agreement
9. Document confirming bank account information

PayTR Virtual POS Application

You can get virtual POS service from PayTR, which has been providing secure and high quality service for 12 years, after a few steps of pre-application. You can follow the process sequence below to complete the PayTR virtual POS application in two steps:

• Fill in the PayTR Virtual POS Pre-Application Form

To receive a virtual POS offer from PayTR, you need to fill out the pre-application form. You can access the pre-application form at https://www.paytr.com/uye-isyeri-olun. In the form accessed via the shared link, fill in the form shown below and click the “Complete Application” button.

• Upload Documents

After you approve the attractive PayTR virtual POS offer sent to you, upload your documents online and your virtual POS will be opened. You can follow the documents required for Virtual POS application according to the company type from the table below.

Why Should You Choose PayTR for Virtual POS?

When you want to work with an organization authorized by the CBRT that is reliable for virtual POS supply, offers the most affordable commission fee and does not require an installation fee, you can choose PayTR, which provides fast installation assurance in addition to your expectations. PayTR is a secure virtual POS service provider that has been operating in payment services since 2009 and established entirely with domestic capital. PayTR is compatible with desktop and mobile devices for purchases made using debit and credit cards.

In PayTR virtual POS, which you can bring to your e-commerce site with advantageous conditions in the payment sector, turnover-based pricing is used. You can reach your customers at competitive prices by reducing your sales costs with commission rates determined depending on your turnover. PayTR is the fastest virtual POS system that can be installed and ready for use in just 2 hours. You can keep your e-commerce site and your customers safe with PayTR, which is supported by PCI DSS compliant technical infrastructure and provides Fraud security with regular updates.

PayTR, which has proven that it is much more than a virtual POS, is also recognized by your customers who want to shop online. With our secure and fast infrastructure, which will be the reason why your customers prefer you, you can pave the way for card usage in your store at low costs.

PayTR does not charge dues and hidden fees under different names and everything is transparent. With its easy integration process, it is made available in just 2 hours after application. You can get the chance to get paid easily with PayTR, which makes a difference to its counterparts with the “Next Business Day Payment” advantage it offers to merchants and customizable payment page designs.

How to Use Virtual POS?

The use of virtual POS and physical POS are similar. The only difference is that your credit or debit card is physically used when using virtual POS. When you want to use a card to pay for online purchases, the last three digits of the cardholder’s name and surname, card number, expiration date and CCV code written on the card are used to complete the purchase.

When shopping from an e-commerce site with Virtual POS, the product to be purchased is added to the cart. When you want to shop through the cart, the “debit/credit card” option is selected for payment. As mentioned above, information about the card is entered and payment confirmation is given. After the confirmation, you will be automatically redirected to the 3D Secure security page. In this section, the payment is completed by entering the code sent via SMS in the requested field. Some banks may send a notification for mobile application approval for 3D Secure. After you approve the smart notification sent within the given period, your payment transaction is completed through the virtual POS and the order is created.

What are the Advantages of Using Virtual POS?

The pros of using Virtual POS support your e-commerce site in many different ways, such as increasing sales and increasing brand reputation. With the reliable collection system you offer to customers, you can have the chance to increase your sales by reaching a wider customer base. The 5 advantages of using virtual POS, which gives you the ability to sell around the clock, can be explained as follows:

• Secure Payment Point

The use of virtual POS offers a definitive solution to the problem of “theft of card information”, which is the biggest concern of consumers during debit and credit card use. With virtual POSs that encourage consumers to shop more easily, malicious activities such as card information theft and Fraud are prevented.

• Enhanced Brand Reputation

Service providers that can supply virtual POS require e-commerce sites to have certain security measures in place. In addition to SSL certificate and 3D Secure verification, virtual POS can be procured after some security stages are completed. An e-commerce site with a virtual POS has a high brand reputation in the eyes of the customer.

• 24/7 Collection

With Virtual POS, you can ensure that your e-commerce site has the ability to sell 24/7. Even while you sleep, your customers can purchase the products they want to have by using their card information through virtual POS.

• Accelerated Shopping Experience

Virtual POS infrastructures are constantly updated in line with new expectations such as security and high transaction speed. After these new updates that increase the shopping experience of customers, waiting times are shortened and purchases are completed in shorter times. Thus, you can prevent customer and sales losses due to waiting.

• Easy-to-Follow Sales Statistics

Statistics on sales made using Virtual POS are regularly recorded. Thus, you can examine customer behavior for all sales made without wasting time preparing additional reports to track the sales made.

Which E-Commerce Systems are Easy to Integrate?

In order to make sales on e-commerce sites, the integration of the virtual POS infrastructure must be completed. After receiving approval for the virtual POS system, the integration process is completed and e-commerce sites are ready to sell with credit cards.

If the website used has an e-collection infrastructure, support can be obtained from authorized persons for the integration process. The nature of the e-collection program selected also leads to differences in the processes to be completed during the integration process. Especially in open source software, support from professionals experienced in payment systems may be required to complete these processes.

PayTR virtual POS systems can be easily integrated with ready-made infrastructures and open source software. In the integration process working over the HTTPS POS method, PayTR officials facilitate the process on your behalf by providing the necessary technical document support. With the examples and guidance provided, you can easily complete PayTR integration regardless of your e-commerce system.

PayTR offers two different integration solutions: advanced and easy API. You can complete the process by choosing the appropriate solution and using the documents provided. In case of possible problems, PayTR provides 24/7 technical support and ensures that your e-commerce site is ready for sale by providing fast feedback to your problems.