What fees does a virtual POS have?

Before choosing a virtual POS for your business, it is essential to know what fees and costs are involved. This online payment system allows merchants to process card payments securely and in real time, but fees can vary depending on the provider, type of business, and sales volume.

Choosing the right payment gateway can make the difference between a profitable business and one suffering economic losses due to unnecessary fees. Below, we explain the main types of fees commonly applied and how PaynoPain works with fair commissions tailored to each client.

What is a virtual POS and how does it work?

A virtual POS is the online version of the traditional card terminal used in physical stores. Its purpose is to allow ecommerce payment platform to process card payments over the internet, ensuring the security and speed of each transaction.

To operate, the virtual POS integrates with an online payment gateway, which validates customer data, authorizes the payment, and transfers funds to the merchant’s account. This process involves certain costs and fees that you should know before subscribing to the service.

Why is it important to choose the right POS?

Each payment solution provider offers different terms. Choosing the right virtual POS not only affects the fees you will pay but also impacts the speed of your collections, the security of transactions, and customer satisfaction.

Additionally, a well-chosen system allows you to unify income, centralize management, and rely on specialized technical support to resolve any issues.

Types of fees for a virtual POS

Providers rarely publish exact fees, as they depend on factors such as sales volume, type of business, or risk level. However, these are the main types of fees you may encounter when contracting a virtual POS or an online payment gateway.

Setup or activation fee

Some payment solution providers charge an initial fee for setting up the virtual POS, meant to cover service activation costs. However, at PaynoPain, we do not charge this fee, as we focus on a fast onboarding process and making adaptation easier for our clients.

Monthly maintenance fee

The monthly maintenance fee is a recurring charge some providers apply to cover support, updates, and service maintenance costs.

At PaynoPain, we offer flexible conditions, adapted to the size and needs of each business, ensuring continuous, high-quality service.

Fixed or percentage-based transaction fee

This is the main fee applied to each processed transaction. It can be:

• Fixed: a set amount per transaction.
• Variable: a percentage of the charged amount.
• Mixed: a combination of both.

The value of this fee depends on the business’s billing volume and risk level. The higher the number of transactions and the lower the risk, the lower the fees.

Extra costs

Some additional features may involve extra costs, such as integrations with external payment methods (for example, Bizum, wallets, or international payments).

At PaynoPain, we advise you to include only the services you really need, avoiding unnecessary charges.

Rolling reserve

In some cases, a mandatory reserve is required for the protection of all parties, depending on billing volume and business risk. A percentage is held daily, and if no incidents occur, it is released after the specified period.

Your virtual POS with fair fees at PaynoPain

At PaynoPain, we charge fair commissions tailored to each client. This approach is based on evaluating each case to prepare a budget that suits the company’s situation and needs.

Fees are a significant source of dissatisfaction among merchants, so a considerable number may switch providers if terms are unclear or initial promises are not fulfilled.

Looking for a virtual POS for your business?

If you need a secure, flexible payment gateway with competitive fees, contact us.

At PaynoPain, we help you optimize online collections, improve your customers’ experience, and reduce the costs of your virtual POS.