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REQUIREMENTS TO APPLY FOR VIRTUAL POS TERMINAL

Simple requirements to identify our clients (KYC). It has never been so easy to contract a Virtual POS terminal services without leaving your office.

What is a Payment gateway?

Payment gateway or Virtual POS terminal is a technology whose main functions are to accept and process online payments being a link between a website and acquiring partner. Theoretically it is a software app that assures secure exchange of buyer´s credit card information through data encryption. The examples of this information can be credit card number, CVV, secret code for online purchases.   

The term “Virtual POS” means Virtual Point Of Sale, point of sale that allows online stores accepting payments on websites and provides verification of client´s card information. 

Payment gateway and Virtual POS terminals accept and process the payments of all major card brands such as Visa, MasterCard, Amex, Dinners Club, JCB, Discover, Maestro and Union Pay.

In order to use payment gateway or Virtual POS terminal it is essential to have a merchant account connected to it. 

Virtual POS terminal

Types of payment gateways

The most requested Payment gateways for online sales are:

  • High and low risk POS CMS for online stores (Woocommerce, Prestashop, Magento, Zen Cart, VirtueMart, WHMCS, OctoberCMS). 
  • MOTO (Mail Order/Telephone Order) processing to accept remotely card-not-present payments.   
  • High-risk, non-contact virtual POS terminal for recurring payments or subscriptions.
  • "Buy now" buttons or payment links.
  • POS terminal for webcam sales.
  • Low risk payment gateway for I.V.R. (interactive voice response system). 
  • High risk POS terminal for proxy reservations.

Security of payment gateways

Currently, payment gateway is the most secure way to accept and process online payments. In last 5 years anti-fraud protocols incorporated and upgraded constantly by major card brands have lowered considerably the rate of fraudulent operations that take place on Internet. Now all the payment gateways that follow 3D Secure protocol request a cardholder to identify himself by introducing a unique code in order to process the payment. This code can be either sent to the cell phone of the buyer at the moment of purchase or has been given to the cardholder when he was picking up his credit card from the bank.  

The merchants that are connected to payment gateways also have its numerous rules to combat online fraud. The main merchant anti-fraud rules are: 

  • The operation is declined if the debit card doesn’t have 3D Secure mode activated. 
  • Detected transactions whose origins are historically fraudulent countries, such as Nigeria, Senegal, Ivory Coast, Guinea, Cameroon, Turkey, Ukraine, Romania, Poland, Bulgaria, Brazil get automatically blocked and declined.
  • Simultaneous transactions from the same IP are rejected.
  • Uses of newly created e-mails and domains raise red flag.
  • If the buyer uses a fake billing address his payment wont be processed. 
  • When transferring suspiciously high amounts the bank might request information about the origins of funds. 
  • Invalid phone numbers get detected and verified. 

Payment gateway: Advantages for online stores

Apply for a Virtual POS Terminal to accept online payments over the Internet and enjoy the following advantages: 

  • The virtual POS terminal or Payment gateway is the fastest online payment method. It takes from 3 days to 3 weeks, depending on whether your business activity is considered HIGH risk or LOW risk, to collet the revenue from the sales and have it on your bank account. 
  • Usage of payment gateway as an online payments processer stimulates compulsory purchases. Buyers who tend to do online shopping spend less time when deciding whether they want to proceed with the purchase or not.   
  • High level of security due to the use of SSL protocols and Fraud Scrubbing anti-fraud rules.
  • Easy and fast refunds. Payment gateway allows returning money to the client whenever requested.  Usually the client receives the money on his card in 1-3 working days.
  • Relatively low payment gateway fees comparing to traditional payment methods such as wire transfers, Checks or Western Union.
  • The integration and configuration of the payment gateway for your online store is simple and intuitive process.

 

We guarantee
Secure Merchant Account
WITH and WITHOUT 3D Secure
Personalized service
Response in less than 24h.
100% secure payments
Online protocols anti fraud.
Transparent Commissions
No hidden expenses.
We speak your language
Spanish, English and Russian
KYC
Client identification protocol.
Testimonials
Now I have my gambling license in Costa Rica to operate worldwide without restrictions. Excellent service and professionalism.
S.S.I - Casino online
I make purchases with my card anonymously all over the world and avoid restrictions that I used to have due to my nationality. Thank you.
L.M.M. - Stock market investor
Company with the best customer support, serious and good advice. Your company is our complement for any innovation or expansion in our company.
Gregorio S. - Forex Online
Perfect combination of technological knowledge and tax advice.
PAULO - Webpage developer
Perfect tax engineering within the law. Good professional
LÁZARO G. - Lawyer
Perfect accounting!!! I think that your company is indispensable for our objectives. Keep it up !!!
FRANCHESCA I. - Tax advisor
I am very satisfied with the assistance of my bank account opening, an excellent service and the adaptation to the needs of a client, we have full confidence for my future needs.thanks
OLIVIA - Translator

REQUIREMENTS TO APPLY FOR VIRTUAL POS TERMINAL

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PAYMENT METHODS

Payment gateway website

MOTO payment

Recurring payment

Bank accounts

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