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Virtual POS

Paynet Virtual POS allows Paynet member merchants to easily collect credit card payments wherever and whenever they want, without the need for a physical POS device.

Paynet Virtual POS is compatible with all debit and credit cards and allows for instalment sales to the extent permitted by regulations. With Paynet Virtual POS, which does not require complex integration processes, businesses can diversify payment methods and offer alternatives to their customers.

With Paynet Virtual POS, payments are accepted in both virtual and physical environments, minimising investment and POS costs. Businesses do not need to contact all banks separately and can accept payments from all card brands with a single contract. The payment settlement period varies depending on the block/maturity day chosen by the customers.

You can sign up for Paynet Virtual POS now to get the best Virtual POS for your business.

Conveniences offered by Paynet Virtual POS

  • Instalment payments for all card brands
  • Eliminates the need for physical POS
  • Ability to accept payments from all card brands with a single contract
  • Easily collect payments with a single integration
  • Reduces operational burden through ERP integration
  • Diversifies payment methods
  • Eliminates investment and POS costs

For detailed information about all our products and solutions, you can contact us by calling our call centre numbers 444 7 729 or 0850 339 77 29 or by sending an e-mail to @email 

What are the benefits offered by Paynet Virtual POS?

 

1

Compatible with all debit and credit cards.

2

Can make instalments for all card brands.

3

Can collect payments in both virtual and physical environments.

4

Eliminates the process of signing contracts with individual banks.

5

No need for businesses to be in constant touch with the banks or deal with different banks' different rate policies and technical issues.

6

Reduces operational burdens, increases shopping cart averages.

Devices that enable payments to be made with debit or credit cards are referred to as POS, which stands for point of sale terminal. The digitized version of POS is called VPOS, or Virtual POS in English.

It is enough to apply to Paynet to get a virtual POS. Under normal circumstances, you need to make a separate application for each bank, but you will have the opportunity to work with all banks with a single contract on Paynet.

While the processes of banks or payment institutions are largely similar when applying for Paynet Virtual POS, the requested documents or the length of the waiting period may vary.

In Virtual POS applications, banks or companies providing payment solutions may request a wide range of different information and documents. Therefore, it is essential to contact the provider before applying to find out which documents are required. The necessary documents for the application process are as follows:

  • Tax registration certificate,
  • Signature circular,
  • Partnership agreement (if applicable),
  • Copy of the commercial registry gazette
     

The POS opening process starts with the approval of the application. The virtual POS for the approved business will be activated shortly.

Setting up a Virtual POS can vary depending on the type of e-commerce site or mobile application. Companies can either perform the setup themselves or seek technical support. If the Virtual POS setup is to be done via PHP, resources like GitHub can be utilized.

Commission rates can vary based on years, company revenue, or contract type. Payment solution providers and banks may request a certain percentage or a commission per transaction. For the 2024 Virtual POS commission rates, you can call our call center numbers 444 7 729 or 0850 339 77 29, or send an email to @email.


 

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