Differences Between Bank Payment Systems and Common Payment Systems

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Writer
Tolga Sefa Agyıldız
Updated Date
July 14, 2023
Reading Time
Read in 5 minutes
With the increasing demand for online shopping today, e-commerce sites are integrating different and secure payment systems into their sites. E-commerce sites that offer the safest payment method to consumers with alternative options such as bank payment systems and joint payment systems thus increase their trust in the eyes of the consumer. In our article, we have compiled information on topics such as what a joint payment system means .


Differences Between Bank Payment Systems and Common Payment Systems



What are Bank Payment Systems?

In online payments, bank payment systems are mostly used. When we say what is virtual pos, it is done in the form of online transfer of the shopping fee from the buyer's bank account to the seller's bank account. E-commerce sites that want to benefit from bank payment systems apply to banks for virtual pos. When we say how to make a virtual pos payment , customers enter their card information on the payment screen during the payment phase. The requested information consists of the name on the card, card number, card expiration date and CVV number on the back. After the approval process, the payment process is completed.


Every bank offers POS service. Of course, there are some conditions jamaica whatsapp data and documents that banks look for. These vary depending on the type of company. For individual or partnership companies; tax plate, ID card copy, signature circular and partnership agreement. For commercial partnership companies, tax plate, signature circular and trade registry gazette photocopy are required.


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