How to get a virtual POS without a bank?
If you want to receive online payments quickly and securely, a virtual POS without a bank is the ideal tool. This solution allows any business to accept card payments without opening an account in a traditional bank, simplifying management and reducing bureaucracy.
What is the difference between a physical POS and a virtual POS?
The physical POS, traditionally known as the classic card terminal, requires a physical terminal and a connection to a bank. These devices were designed for brick-and-mortar stores to pay on-site.
On the other hand, the virtual POS operates entirely online and was originally created for e-commerce payment platform to process payments via banks, although the paradigm is now changing.
What is a virtual POS without a bank?
In the digital era, alternatives have emerged that allow entrepreneurs to access virtual POS solutions, with fintech companies gaining prominence.
A virtual POS without a bank is an online payment gateway that allows any business to receive card payments without the intervention of a banking institution.
Instead of a bank, all payments are managed through the provider’s platform. It works like a bank since it complies with security standards and legal regulations.
Steps to hire a virtual POS without a bank
If you are considering hiring a virtual POS, you should follow these steps:
- Choosing the right provider: At PaynoPain, we offer a complete, secure, and effective virtual POS. Additionally, we have a range of extra payment solutions that we will explain later.
- Online registration: Register your business by completing the sign-up form on our platform and provide all documentation required for the KYC (Know Your Customer) process.
- Configuring the virtual POS: Customize your checkout with your brand details, choose the payment methods that best suit your business, and activate your sales platform.
Once your virtual POS for e-commerce is approved, you can start processing payments securely, quickly, and flexibly, adapted to your customers’ needs.
Advantages of hiring a virtual POS without a bank
Fintech virtual POS providers offer modern payment solutions tailored to business needs, with features beyond what traditional banks usually offer:
Fast and digital process
The registration and setup process for a virtual POS without a bank is faster than a traditional bank POS because it is online and paperless.
Less bureaucracy
Documentation approval is quicker, usually taking only a few days, avoiding long waits with traditional banks.
More payment methods
In addition to cards, other payment options like installments, Bizum, or PayPal can better suit your business needs and increase conversion.
Additional services
Payment providers offer extra services not included by banks, such as payment links or subscriptions, which can help grow your business.
Why hire the PaynoPain virtual POS?
Once you know the benefits of hiring a virtual POS without a bank, here are some reasons to trust PaynoPain:
Proven experience
Over 15 years working in online payments across multiple sectors: SMEs, hotels, restaurants, mobility, and transportation.
Maximum security
Compliance with PSD2 regulations and PCI-DSS level 1 since 2011. License as a Payment Institution granted by the Bank of Spain.
Human support
24/7 customer service from a professional technical team to assist you throughout the hiring process.
Tailored technological solutions
With experience in various sectors like tourism or microloans, we understand the specific needs of each business and provide customized payment solutions.
Easy integration
Our payment gateway connects seamlessly with any e-commerce platform using the most popular plugins (Prestashop, WooCommerce, Magento, Shopify, Odoo, among others).
How does a virtual POS without a bank work?
Once your business is registered on our platform and you have installed the virtual POS for your e-commerce, its operation is straightforward:
1. Payment processing
When a customer makes a purchase, their card details (or chosen payment method) are securely sent through PaynoPain’s payment gateway, acting as an intermediary between your e-commerce, the card issuer, and the payment networks (Visa, Mastercard, etc.).
The system validates the information, applies security protocols (PCI DSS and 3D Secure), and requests authorization from the customer’s bank to confirm the transaction is legitimate and funds are sufficient.
2. Balance recording
Once the payment is approved, the amount is recorded in your internal balance, a virtual wallet within our platform. From there, you can view a detailed transaction history, filter by date, payment method, or amount, and monitor payments in real time.
3. Transfer to your bank account
Finally, PaynoPain transfers the funds to your linked bank account according to the settlement schedule (usually between D+1 and D+4). The process is fully automatic; you do not need to perform any manual actions to receive your income.
Need to hire a virtual POS without a bank?
In summary, this virtual POS without a bank is a technological payment solution that will help grow your business. Hiring this service with PaynoPain provides multiple advantages, offering an easy-to-install online POS so you can focus on managing your e-commerce.
Other payment solutions for your business
In addition to a virtual POS without a bank, with PaynoPain, you can implement other payment solutions:
- Physical POS: Payment devices adapted to your business.
- Tap to Pay: Turn your mobile into a card terminal.
- Pay by Link: Send a payment link via email or SMS.
- Subscriptions: Manage recurring payments automatically.
If you want to start receiving payments securely, quickly, and without relying on a bank, contact us.
At PaynoPain, we collaborate with companies that share our vision of innovation, quality, and technological excellence. If you offer complementary solutions or want to distribute our products, together we can go further. We offer you support, training, and real opportunities for joint growth, with global impact.