Tiko Virtual POS System
Rapidly developing technologies and increasing internet usage have brought about changing consumer habits. The impact of digitalization on shopping habits, which have evolved to a different point, on payment methods is undeniable.With the rise of e-commerce, various methods have become popular for online payments. This has increased interest in fast, secure, and practical methods.Virtual POS systems, possessing all three of these features, are one of the most widely preferred methods worldwide.
What is a Virtual POS? How to Get One?
Every business that accepts credit and debit card payments has a POS device. POS machines, which stand for Point of Sale, are used for physical purchases. The method used for online shopping and e-commerce transactions is VPOS technology. This system, which stands for Virtual POS, is the digital version of the aforementioned physical payment method. Online POS is a system with exactly the same logic and function. In online shopping, payments can be made with bank and credit cards via virtual POS.
Virtual POS systems enable fast and secure online transactions. This system makes the payment process much easier for the buyer and is also very advantageous for business owners. The only difference from physical transactions is that the card is not swiped on any device. Card information is manually entered into the system, and this data is verified through the bank. The biggest advantage of using a virtual POS is that it eliminates the need to carry a different device for each bank. Many virtual POS systems are compatible with almost all types of credit cards.
Obtaining a virtual POS terminal is quite simple. If you own an e-commerce website, you can apply to banks for a virtual POS terminal. Business owners must meet the following criteria to apply:
- SSL Certificate: Online sales websites must have an SSL certificate, also known as Secure Sockets Layer. This document demonstrates the store's competence in protecting customer information and ensuring online security.
- Product: To obtain a virtual POS system, your e-commerce website must have products ready for sale. If banks determine that there are no products for sale on the site, your application may be rejected. The company's website must be accessible, and the payment steps on the site must be functional.
- Contract: For the application to be evaluated, the online store must have Distance Selling and Service Agreements that include its cancellation and refund policy.
- Privacy: The company's privacy commitment and security policy should be clearly stated on the website where sales are made.
- Contact Information: The e-commerce website must include the company name, full address, landline and fax numbers. The email address and all contact information must be accurate and up-to-date.
- Product Reliability: The seller must not sell products that are illegal or inconsistent with banking policies. For example, obtaining the necessary documents and permits under the Turkish Penal Code is mandatory for the sale of gambling games and firearms.
E-commerce business owners who meet these criteria can apply for a virtual POS terminal to the relevant authorities. The bank or authorized institution you apply to may request documents. The documents required from the seller may vary depending on the type of company. If you own a sole proprietorship or a partnership, the documents you need to submit to obtain a virtual POS terminal are as follows:
- Photocopy of identity card
- Tax certificate
- Partnership agreement
- Signature circular
Business owners who meet the necessary documents and criteria can complete their virtual POS application. The process may vary depending on the company's history and the bank. Banks investigate the company's reliability after the application. Once the application is approved, the virtual POS is installed on the website. Careless and incomplete applications may take a long time to respond or may even result in a negative outcome. Banks provide virtual POS services to e-commerce companies. The banks that companies wishing to make online payments can apply to for VPOS are as follows:
- Akbank - Virtual AKPOS
- Garanti BBVA - Garanti BBVA Virtual POS
- QNB Finansbank - FinansWebPOS
- Vakıfbank - VPOS 724
- Yapı Kredi - POSNET
- Ziraat Bank - Virtual POS
Some companies offer virtual POS systems free of charge. With a careful application and complete documentation, the process can be completed quickly.
What transactions can you perform with a virtual POS?
The most common use of virtual POS is in e-commerce. All online shopping sites that sell products over the internet offer this service. The reason virtual POS is so popular is because it is a fast, practical, and secure method. Moreover, it allows for a smooth and advantageous completion of the shopping process for both sellers and buyers.
Virtual POS integration is one of the important services that increases reliability in e-commerce. It is a system that facilitates communication between businesses or e-commerce sites and the bank providing the service for every purchase. This process eliminates your store's dependence on a physical POS device. Moreover, you can automatically perform accounting transactions through your e-commerce site. Virtual POS integration is extremely important for e-commerce sites. You can easily document your site's accounting transactions and paperwork. This makes it possible to minimize expenses such as operating costs. Furthermore, since it contributes to reducing paper usage, the virtual POS system can be considered an environmentally friendly option.
What are the payment methods available with a virtual POS system?
To accept payments via virtual POS, the integration process must be completed. Once your application is approved, you need to add this payment method to your e-commerce site. Thanks to ready-made integration infrastructures, it is possible to complete this process extremely quickly. After a few practical steps, you can complete the integration and start accepting card payments. You can track payment transactions through the panel provided by the service provider.
Another payment method that users are showing interest in due to its speed and practicality is QR code payment. This method allows customers to complete payment transactions in seconds. It's possible to make payments via QR code on mobile devices anywhere with an internet connection. While this method is preferred for contactless payments in physical stores, it can also be used for online shopping. You can receive payments from your customers by sending them a QR code via text message.
Is Tiko Virtual POS easy to use?
Tiko Virtual POS is a secure system that enables businesses to receive payments quickly and easily from users on their e-commerce websites. Making payments for online purchases with a card is extremely easy. Thanks to the innovative solutions offered by Tiko Virtual POS to sellers and users, complex payment processes are transformed into practical transactions completed in seconds with fast and contactless methods.
Which currencies can be used for transactions with Tiko Virtual POS?
You can receive payments from anywhere in the world thanks to Tiko Virtual POS. Payments made with all international cards reach the merchant through this system. You can process your collections quickly and practically with a single SMS. With Tiko Virtual POS, you can shop regardless of currency or card type. Tiko, a payment method that knows no distance, successfully adapts to all the requirements of the digital age with its user-friendly design.
Is Tiko Virtual POS secure?
Ensuring the security and accountability of commercial activities conducted in digital environments is extremely important. The most crucial elements in digital payment methods are identity verification and information security. Identity verification should be performed even if there is no monetary transaction. SMS identity verification is one of the most frequently preferred methods. Tiko Virtual POS, a major player in digital commerce, makes payment transactions extremely secure with its special identity verification system.
Figensoft, renowned for its reliability in the sector thanks to its ISO 27001 Information Security Management System Certificate, has brought a fresh perspective to digital payment methods with Tiko. It has implemented various measures to protect against cyberattacks, including the leakage of user information. The system is regularly tested and updated. Tiko Virtual POS is a fast, practical, and secure digital payment system.
What are the advantages of Tiko Virtual POS offered by Figensoft?
Tiko Virtual POS stands out with its advantageous features for both buyers and business owners. Businesses that want to adapt to the digital age can offer their customers a secure shopping experience by choosing the online POS method. The advantages of Tiko Virtual POS offered by Figensoft can be listed as follows:
- Fast and Secure Payment System: Tiko Virtual POS makes online shopping secure for both buyers and sellers. Providing secure, fast, and practical payment tools for individual and corporate users, Tiko is a globally preferred brand.
- 24/7 Payment Option: Payment transactions in the system are entirely online. This allows you to make payments anytime, without being hindered by business hours or time differences.
- Time Saving: With Tiko Virtual POS, payment transactions are completed in seconds. Moreover, it enables sellers to easily report order information, transaction details, and sales statistics, resulting in cost and time savings.
Tiko Virtual POS stands out with its innovative model designed in light of mobile technologies. Tiko is a digital payment systems brand established under the guarantee of Figensoft, which is among "Turkey's 50 fastest-growing technology companies" in a report prepared by Deloitte. It provides services worldwide through its overseas offices and global business partnerships.
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