Fast and secure data transfer
Virtual POS data is transferred securely to Factorbooks from the integrator company or banks through web services. This eliminates the need for manual entry and ensures accurate data processing.
e-Banking products
Virtual POS integration & accounting
Integrate your virtual POS transactions with Factorbooks Autonomous ERP! Manage your payments automatically and simplify your accounting processes.
What is virtual POS integration?
Virtual POS integration is a comprehensive solution that transfers data on your business's virtual POS transactions to Factorbooks through web services and posts this data to accounting. With this integration, virtual POS data is processed quickly, securely and in a controlled way. It lets your business accept credit card payments whenever and wherever you want without needing a physical POS device, providing flexibility and operational efficiency in payment processes.
Accounting based on installment details
Data is posted according to installment details, and each payment is recorded correctly so that financial processes run in an orderly and accurate way.
Daily tracking and reconciliation
Entries are tracked daily and POS reconciliation is performed regularly. This approach quickly detects and corrects potential errors and reduces the month-end workload.
Benefits of the virtual POS solution
- Installment options for all card brands
- No need to carry a physical POS device
- Accept payments from all card brands with a single contract
- Easy payment acceptance with a single integration
- Reduced operational workload through ERP integration
- More diverse payment methods
- No investment or POS costs
Advantages of Virtual POS integration & accounting
Full integration
Manage the virtual POS process end to end from within Factorbooks Autonomous ERP.
Autonomous accounting
With AI support, it creates your accounting entries autonomously and lets you edit and manage them from a single portal.
Compatibility
Diversify your payment methods with compatibility with all bank and credit cards.
Installments
Offers installment options for all card brands.
Versatile payment options
Lets you accept payments both online and in person.
Single contract
Eliminates the need to sign contracts with each bank one by one.
Single channel
Businesses no longer need to contact banks constantly or deal with different banks' rate policies and technical issues.
Reduced operational workload
Simplifies processes by reducing businesses' operational workload. Helps increase the average basket size.
Package coverage
How the related features are covered in each package, based on the Factorbooks product and package scope list.
| Feature | Micro | Small | Mid-sized | Large | Corporate | Enterprise | Tailored |
|---|---|---|---|---|---|---|---|
| POS Collection EntryAdvanced Finance Management | Included | Included | Included | Included | Included | Included | Included |
| POS AccountsAdvanced Finance Management | Included | Included | Included | Included | Included | Included | Included |
| POS Credit Card TransactionsAdvanced Finance Management | Included | Included | Included | Included | Included | Included | Included |
Virtual POS integration & accounting: frequently asked questions
What is a virtual POS?
Devices that accept payments by bank or credit card are called POS, short for point of sale terminal. The digital version of a POS is called a VPOS, or virtual POS (Sanal POS in Turkish).
How do you get a virtual POS?
To get a virtual POS, you simply need to apply to Factorbooks. Normally you would need to apply separately to each bank, but through the Factorbooks private integrator you can work with all banks under a single contract.
How does the virtual POS application process work?
When applying for a virtual POS through the Factorbooks private integrator, the processes of banks and payment institutions are largely similar, but the documents requested and the length of the waiting period may vary.
What documents are required for a virtual POS application?
Banks and payment solution companies may request many different pieces of information and documents for virtual POS applications. For this reason, you should contact the provider before applying to find out which documents are required. The documents required for the application process are:
- Tax certificate,
- Signature circular,
- Articles of association, if any,
- A copy of the Trade Registry Gazette
How is a virtual POS activated?
The POS activation process begins once the application is approved. The virtual POS of a business whose application is approved is activated shortly afterward.
How is a virtual POS set up?
Setup may vary depending on the type of e-commerce site or mobile app. Companies can set it up themselves or get technical support. If the virtual POS will be set up with PHP, resources such as GitHub can be used.
What are virtual POS commission rates?
Virtual POS commission rates may vary depending on the payment solution company or bank. In addition to commissions, some providers such as banks charge a fixed fee, such as a subscription fee. This fee is separate from the commission and is paid annually.
Other e-Banking products
e-Account Statement (e-Hesap Özeti)
Track bank account activity in real time in Factorbooks and have accounting entries created automatically.
e-Bank Receipt (e-Dekont)
Create, approve and report your bank receipts electronically.
Open Banking
Connect your bank accounts to Factorbooks and manage your banking transactions from a single platform.
See Virtual POS integration & accounting in a live demo
In a live demo we walk through your priority processes together and clarify the package and module scope that fits your needs.