Glossary

Virtual Point of Sale (VPOS)

A Virtual Point of Sale (VPOS) is a web-based system designed to facilitate the processing of credit card payments without the need for traditional physical hardware such as card readers or dedicated POS terminals. This system provides a flexible and efficient payment solution particularly suited for merchants who operate online or those who require mobile capabilities for transactions, such as service providers working in various locations.

The functionality of a VPOS system revolves around a secure web interface provided by a payment service provider. Merchants can access this interface through any device with internet connectivity, such as a computer, tablet, or smartphone. Once logged into the system, the merchant can process transactions by manually entering the customer’s payment information, including credit card details and billing information, directly into the web interface.

Key features and benefits of VPOS include:

VPOS is particularly advantageous for small businesses, freelancers, and mobile businesses like food trucks, event vendors, or in-home service providers, offering them a professional way to manage electronic payments securely and efficiently. This system streamlines operations, enhances customer service, and supports business growth by allowing easy, secure, and quick payment transactions.

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