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PayPal Virtual POS is the new solution for fast payments, which allows any company to receive immediate payments via credit card on Internet.

A "Virtual POS" is the ideal solution for all companies which accept "distance" payments with different amounts. In other words, any company accepting distance payments through Bank Transfer, Phone, Fax could take advantage of an immediate and safe system of payment.

Asking for a credit card number by phone or fax is always an unsafe procedure, which very often discourages customers and exposes the company to some risks related to treatment of sensible data (think about an employee using fraudulently a credit card number got by phone or fax). Furthermore, who collects credit card numbers must have an hardware POS to make the transaction.

Bank Transfer is safe, but isn't immediate, and obliges the customer to start a bureaucratic procedure which very often discourages him.
With PayPal Virtual POS the company can simply tell the customer the amount to pay and the Web page where to make the payment. Credit is immediate and the bank is the only subject involved in treating the credit card number. This ensures customers and companies: payments are fast and safe.