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As a digitalized replacement for conventional cash registers, point-of-sale (POS) terminals are used widely at various retail outlets and stores to process debit and credit card payments. Normally, a POS terminal has the capability to read and verify a customer’s debit/credit card information, transfer funds from the customer’s account, record the transaction, and print a receipt. A virtual point-of-sale terminal is a web-based replacement for physical POS machines.
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What is a Virtual POS Terminal? Ph No: (+91) 9711550329
As a digitalized replacement for conventional cash registers, point-of-sale (POS) terminals are used widely at various retail outlets and stores to process debit and credit card payments. Normally, a POS terminal has the capability to read and verify a customer’s information, transfer funds from the customer’s account, record the transaction, and print a receipt. A virtual point-of-sale terminal is a web-based replacement for physical POS machines. debit/credit card
Most online retailers nowadays use virtual POS terminals to accept credit/debit card payment over the internet. As the virtual POS terminals are hosted online, the e- tailers can access them anytime and anywhere. The e-tailers can further access the online POS terminal on both computers and mobile devices. But the customers lack any option to access the virtual POS terminals. The merchants can access the virtual POS terminals and authorize card transactions manually through a
Understanding Important Aspects of a Virtual POS Terminal A Web-Based Version of POS Machines As noted earlier, a virtual POS terminal is a web-based edition of a physical POS terminal. Like a POS machine, a virtual POS terminal also processes debit and credit card payments efficiently. But a virtual POS is just a web application which is there on a web server. Hence, the merchants can access the virtual POS systems through browsers on both computers and mobile devices. They can even access and use the web-based solution seamlessly without requiring specific hardware and
Customers Cannot Access It Despite emulating POS machines, a virtual POS terminal comes with features to simplify and facilitate online payment. It enables merchants to process online debit/credit card payments. The merchants even have option to input the debit/credit card information of customers directly through a web-based payment form. However, the customers cannot access the either the virtual POS terminal nor the web-based payment form.
Only Authorized Merchants Can Access It As noted earlier, the customers lack any option to access the web-based POS terminals directly. Only authorized merchants can access the virtual POS terminals. The merchants have to log in into the accounts created with the service providers to manage online card payments. They can submit customers’ information through a web-based payment form. Likewise, they can manage and process card payments debit/credit card
Not an Alternative to Payment Gateways Like payment gateways, the virtual POS terminals also help merchants to accept and process debit/credit card payments. But the payment gateways accept card information directly from customers, whereas the virtual POS terminals are not accessible to customers. Only merchants can access the web-based solution, enter card information manually, and authorize the card transactions. Hence, the merchants need both virtual POS terminal and payment gateways to process online payment efficiently.
