Description
Parampos is Param's virtual POS service. With the integration in Faprika, you accept card payments on your e-commerce site through a single payment institution account; you don't need to open a separate bank virtual POS for each bank. It can be used by businesses selling in different sectors, from education to white goods, from watches to hardware and construction materials.
How Is Payment Collected?
At the payment step, the customer enters their card and confirms the transaction with 3D Secure verification. Because 3D Secure is mandatory in this infrastructure, every payment goes through the cardholder's approval. The approved payment is recorded on the order; if verification fails, the order remains in the "Payment Not Received" status.
Single Payment and Installment Sales
You can accept credit card payments in a single payment or in installments, and debit card payments upfront. Installment options make it easier for customers to decide to buy high-value products.
Fraud Prevention and Security
Payments go through a fraud prevention process made up of operator checks and system checks. With PCI DSS and 3D Secure, both your customer's card information and your business are protected against risks such as chargebacks.
Card Storage
With the card storage system, a returning customer doesn't have to re-enter their card information every time. In Faprika, the card storage feature is included in the Ultimate and Elite plans.
What Do You Gain with Parampos?
- Virtual POS that requires no separate contracts with banks
- Credit card sales in a single payment and in installments
- Payment by debit card
- Mandatory 3D Secure verification
- Fraud prevention with operator and system checks
- Card storage
Param virtual POS can be used in all of Faprika's Start, Master, Ultimate and Elite plans.
To use the Parampos integration, you can try our free demo version or contact us.
