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Payment methods for E-commerce

Payment methods play an essential part in E-commerce. With our question guide focused on the payment methods used in e-commerce, you will learn how international card payment systems work and see which CMS are the most important for online commercial activities.

What is a function of shopping cart in Virtual POS terminal?

The function of the shopping cart in a Virtual POS terminal is essential to complete a credit card payment. The shopping cart has the function of collecting all customer information in a CMS, such as order number, size, color, measurements of the item, name, surname, email, billing address, shipping address of the client and card information.

In the process of online purchase, the shopping cart is responsible for transmitting the related card information and description of the order to the payment gateway. That one in its turn, sends the information to the acquiring bank, throu

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Number of steps in checkout process

The number of steps in checkout processaffects greatly the volume of sales in your online store. Statistics say that if there are more than 5 steps, one of three customer decide to abandon the cart. In our opinion, the optimal number of steps is 3, provided that the Virtual POS terminal works in insecure mode, without 3D secure protocol. If the Virtual POS is set for SEC protocol, the total number of steps in checkout process increases to 4. This does not mean that the customer will always leave the cart, but the chances of abandonment will be higher.

As we have previously said, the optimal number of steps in checkout process is 3. Always keeping in mind that th

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Difference between face-to-face and on-site commerce

Face-to-face commerce

Face-to-face commerce is a traditional way of paying for goods and services in local restaurants or physical stores. The usage of PIN Pad has been a revolution in payment methods for very long time. We all know how to insert the debit or credit card or just swipe it up next to this little black machine in order for the system to charge us for goods or services we are purchasing. Face-to-face commerce is the most secure one, when speaking about client verification. Some trades still ask their clients for a signature or ID in order confirm the card o

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Virtual POS Terminal for CMS. Types of CMS in Internet

Launching a new online business, the first question that our clients usually face is how to charge their clients online and accept credit card payments. Choosing a payment method for online store, a decision that can affect the way the new business will grow, involves analyzing the level of its security, speed and fees you will have to pay for each sale.

Virtual POS Terminal is a perfect solution for almost all online stores, since it allows its owners to accept and process credit card payments within seconds using any CMS.

The most used CMSs on Internet that allow a full integration of payment gateway are the following:

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What is an e-commerce payment?

E-commerce payment is a payment method used by a company or self-employed individual to pay their debts contracted with another “person/s” in a virtual environment, such as the Internet.

E-commerce payment system includes several types of payment methods:

Before contracting E-commerce payment system make sure it fulfills the following requirements:

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What is one-click payment?

One-click payment (1 click payment) was an invention developed by Amazon programmers with the aim of selling more and summing up all the process of online purchase in 1 click.

In our opinion, this purchase process has misleading advertising since i order to make a purchase in just one click the user has to present previously all banking information. Which means that if a customer decides to buy an item for the first time on the Amazon platform, he cannot place the order and pay in a single click, since he has to register and go through all the following steps:

  • Confirm e-mail
  • Enter his billing, shipping and phone number information
  • Enter
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What is U-Commerce?

In order to understand the concept of U-Commerce, it is essential to get familiar with the main variants of electronic commerce. The most important are:

  • E-commerce: Electronic commerce focused on websites and shopping carts.
  • Social Commerce: Electronic commerce oriented to social networks, type Facebook, Twitter, Linkedin.
  • Chat Commerce: E-commerce oriented for messaging applications like WhatsApp, Line, Live Chat etc.
  • Mobile Commerce: It is the electronic commerce focused on mobile telephony.
  • U-commerce: Is a type of commerce that emerged from the desire to satisfy all the n
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What is a Virtual POS terminal for PrestaShop?

When starting a new E-Commerce project created in PrestaShop that involves accepting online payments it is essential to know what exactly a Virtual POS for PrestaShop is and thus offer the best payment solutions to your customers.

It is been several years already since e-Commerce sector is in a constant growth being the most profitable type of businesses online. By simply offering the possibility to make purchases from the comfort of home without having the need to suffer unwanted queues, this type of commercial activity is increasingly booming.

However, before starting an eCommerce project, you need to think about at least two fundamental aspects:

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What is a Virtual POS terminal for WooCommerce?

When starting a new E-Commerce project created in Woocommerce that involves accepting online payments it is essential to know what exactly a Virtual POS for Woocommerce is and thus offer the best payment solutions to your customers.

It is been several years already since e-Commerce sector is in a constant growth being the most profitable type of businesses online. By simply offering the possibility to make purchases from the comfort of home without having the need to suffer unwanted queues, this type of commercial activity is increasingly booming.

However, before starting an eCommerce project, you need to think about at least tw

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What is a Virtual POS terminal for Magento?

When starting a new E-Commerce project created in Magento that involves accepting online payments it is essential to know what exactly a Virtual POS for Magentois and thus offer the best payment solutions to your customers.

It is been several years already since e-Commerce sector is in a constant growth being the most profitable type of businesses online. By simply offering the possibility to make purchases from the comfort of home without having the need to suffer unwanted queues, this type of commercial activity is increasingly booming.

However, before starting an eCommerce project, you need to think about at least two f

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What is a Virtual POS terminal for WHMCS?

When starting a new E-Commerce project created in WHMCS that involves accepting online payments it is essential to know what exactly a Virtual POS for WHMCS is and thus offer the best payment solutions to your customers.

It is been several years already since e-Commerce sector is in a constant growth being the most profitable type of businesses online. By simply offering the possibility to make purchases from the comfort of home without having the need to suffer unwanted queues, this type of commercial activity is increasingly booming.

However, before starting an eCommerce project, you need to think about at least two fundamenta

... Read more
What is a Virtual POS terminal for OpenCart?

When starting a new E-Commerce project created in OpenCart that involves accepting online payments it is essential to know what exactly a Virtual POS for OpenCart is and thus offer the best payment solutions to your customers.

It is been several years already since e-Commerce sector is in a constant growth being the most profitable type of businesses online. By simply offering the possibility to make purchases from the comfort of home without having the need to suffer unwanted queues, this type of commercial activity is increasingly booming.

However, before starting an e-Commerce project, you need to think about at least two fun

... Read more
What is a Virtual POS terminal for Drupal?

When starting a new E-Commerce project created in Drupal that involves accepting online payments it is essential to know what exactly a Virtual POS for Drupal is and thus offer the best payment solutions to your customers.

It is been several years already since e-Commerce sector is in a constant growth being the most profitable type of businesses online. By simply offering the possibility to make purchases from the comfort of home without having the need to suffer unwanted queues, this type of commercial activity is increasingly booming.

However, before starting an eCommerce project, you need to think about at least two fundamen

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What is a Virtual POS terminal for Zen Cart?

When starting a new E-Commerce project created in Zen Cart that involves accepting online payments it is essential to know what exactly a Virtual POS for Zen Cart is and thus offer the best payment solutions to your customers.

It is been several years already since e-Commerce sector is in a constant growth being the most profitable type of businesses online. By simply offering the possibility to make purchases from the comfort of home without having the need to suffer unwanted queues, this type of commercial activity is increasingly booming.

However, before starting an eCommerce project, you need to think about at least two fund

... Read more
What is a Virtual POS terminal for VirtueMart?

When starting a new E-Commerce project created in VirtueMart that involves accepting online payments it is essential to know what exactly a Virtual POS for VirtueMart is and thus offer the best payment solutions to your customers.

It is been several years already since e-Commerce sector is in a constant growth being the most profitable type of businesses online. By simply offering the possibility to make purchases from the comfort of home without having the need to suffer unwanted queues, this type of commercial activity is increasingly booming.

However, before starting an eCommerce project, you need to think about at least two

... Read more
What is a Virtual POS terminal for OctoberCMS?

When starting a new E-Commerce project created in OctoberCMS that involves accepting online payments it is essential to know what exactly a Virtual POS for OctoberCMS is and thus offer the best payment solutions to your customers.

It is been several years already since e-Commerce sector is in a constant growth being the most profitable type of businesses online. By simply offering the possibility to make purchases from the comfort of home without having the need to suffer unwanted queues, this type of commercial activity is increasingly booming.

However, before starting an eCommerce project, you need to think about at least two

... Read more
International payment through POS Terminal

Generally the card brands apply their own currency exchange rates. Usually they don't differ too much from the exchange rate established by the central bank. The card brand that uses the cheapest currency exchange rate is MasterCard, being the cheapest on the market. On the other hand the card brand that applies the highest exchange rate is Amex. In reference to your question, the entity that will decide on the currency exchange rate applied for a particular transaction is the issuing bank of the card and depending on the brand of the card it will be higher or lower.

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What is a POS? Types of POS.

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Fake credit cards: learn the ways they can be used.

Online credit cards: easy and fast solutions.

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