In today's rapidly developing world of e-commerce, it is of great importance for businesses to offer their customers a secure and seamless payment experience. In this context, virtual POS (Point of Sale) systems stand out as one of the most effective ways to accept online payments. When choosing the most suitable virtual POS provider for businesses, factors such as commission rates, payment terms, installment opportunities and ease of integration should be considered.
What is Virtual POS?
Virtual POS is a payment solution that allows you to receive credit or debit card payments over the internet. It is ideal for e-commerce sites and can be thought of as a virtual version of physical POS devices. Customers pay for their online purchases by entering their card details and these transactions are carried out securely through virtual POS.
Virtual POS Providers and Commission Rates
Many banks and payment service providers in Turkey offer virtual POS services with different commission rates and terms of service. Below is a detailed table of the services offered by some providers:
| Provider | Commission Rate* | Payment Period | Installment Opportunity | WordPress Integration | Website |
|---|---|---|---|---|---|
| Garanti BBVA | %1,99 | Unspecified | There is | There is | garantibbva.com.tr |
| Param | %2.19 (Special for Param Business Card holders) | Instantly | There is | There is | param.com.tr |
| TEB | %1,99 | Unspecified | There is | There is | teb.com.tr |
| Halkbank | %3,54 | Unspecified | There is | There is | halkbank.com.tr |
| QNB Finansbank | %2,39 | Unspecified | There is | There is | qnbfinansbank.com |
| ING Turkey | %1,49 | Unspecified | There is | There is | ing.com.tr |
| Akbank | %1,99 | Unspecified | There is | There is | akbank.com |
| Business Bank | %2,39 | Unspecified | There is | There is | isbank.com.tr |
| PayTR | %2,09 | The Day After | There is | There is | paytr.com |
| Iyzico | %2,49 + 0,25 TL | 15 Days | There is | There is | iyzico.com |
| Paratika | Odds from %0.69 | 15 Days | There is | There is | paratika.com |
| Paycell | %3,26 | The Day After | There is | There is | paycell.com.tr |
| Vallet | %3,09 | After Value Period | There is | There is | vallet.com.tr |
| RubikCoin | %1,99 | Unspecified | There is | There is | rubikpara.com |
| Tosla | %1,79 | The Day After | There is | There is | tosla.com |
*Commission rates are the initial rates quoted on providers' websites and may vary depending on your business sector, trading volume and risk profile.
WordPress Integration
Many banks and payment institutions offer special integration solutions for WordPress-based e-commerce sites. In particular, virtual POS modules compatible with the WooCommerce plugin help you manage payment processes seamlessly. For example, the WooCommerce Virtual POS Integration Plugin developed for Ziraat Bank can be easily integrated into your e-commerce site.
Things to Consider When Choosing Virtual POS
- Commission Rates: Your business sector and monthly transaction volume are the main factors that affect commission rates. Banks and payment institutions may offer different rates based on these criteria.
- Payment Periods: The time it takes for the collected amount to be credited to your account directly affects your business's cash flow. Some providers offer instant payment, while others may apply a specific value date.
- Installment Opportunities: Offering customers installment payment options can increase sales. However, you should also consider the commission rates and maturity differences applied in installment transactions.
- Ease of Integration: The integration process of the e-commerce platform you use and the virtual POS provider is important in terms of technical knowledge and time. Especially if you use WordPress and WooCommerce, you should check whether compatible plugins are available.
- Support Services: You should evaluate the quality of the provider's customer service in order to get fast and effective support in case of technical problems.
