BBVA Payment Solutions That Boost Growth for SMEs and the Self-Employed in Spain

In a constantly evolving business environment, SMEs and the self-employed need agile tools that enable them to offer their customers convenient, safe payment methods – whether they are selling from a shop, a website or even on social media.

In its commitment to the digitization of the business community, BBVA has developed a range of solutions designed to cover all payment and management needs: from the most advanced point-of-sale terminals to innovative digital platforms that simplify financial processes.

All these solutions have one goal in common: to help businesses focus on what really matters -- their growth.

For SMEs and the self-employed with physical stores:

• Collect payments with your smartphone: With this solution, professionals and the self-employed can process card payments directly on their smartphones, with no need for a physical POS terminal. A simple, secure alternative that is perfect for mobile businesses or those with multiple points of service.

• BBVA POS: This allows users to accept card payments in both establishments or when on the go at events. It’s the perfect solution for businesses with direct customer interactions, as it offers a fast, secure experience with specialized technical support. Business owners can view their POS billing through their online banking, filter by store or date, and access reports that make it easier to keep track of their daily operations – all with the reliability and support that BBVA is known for.

• PC POS: BBVA offers solutions to integrate POS terminals with business management software, enabling automatic reconciliation and control of operations on a single platform.
• TPV Smart Business: A proposal that combines POS terminals with management software and sales analysis, it is designed for businesses looking for a complete system that integrates payments, invoicing and point-of-sale management.

For businesses that need remote collections, online sales or support starting a digital project:

• Wipöp: BBVA’s new digital platform for SMEs and the self-employed is designed to simplify their financial management. In a single digital platform, Wipöp can integrate collections, payments and financing solutions, promoting the digitization of the business community and reinforcing the competitiveness of small businesses.
• Social Pay: Sell directly via social media, WhatsApp or by email. This innovative solution lets SMEs, the self-employed and professionals sell directly from their social networks, on WhatsApp or by email, with no need to have a website. Integrated into the Virtual POS, this tool allows users to create links or personalized QR codes for products or services that can easily be shared on digital channels – making it easier to start a sale in a matter of seconds. Merchants can personalize their profiles with their logo, contact information, add images and descriptions and manage order, payments, returns, promotions and inventory from a single panel. Social Pay is the next step in the democratization of digital commerce for small businesses.

• TPV Paygold: enables users to send customers a payment link or QR code via social media, email or instant messenger. It’s a solution designed for businesses without a physical store or those that sell by phone, on Instagram or WhatsApp.  With Paygold, any professional can collect a payment in seconds – with no need to integrate complex systems or have a website.  It’s an ideal option for stores on the go or those seeking agility in remote sales.

• Virtual POS: It is a payment gateway to sell online, designed for SMEs to accept payments in their online stores, apps or call centers. The Virtual POS is compatible with cards and digital payment methods like Bizum. This solution makes it easier to handle returns, perform automatic payment reconciliation and integrate with major e-commerce platforms. Thanks to its flexibility, it offers a seamless and secure shopping experience, building client confidence and boosting online sales.
• Bizum for companies: BBVA enables companies to integrate Bizum as a payment method for their e-commerce or digital sales -- an increasingly popular client request that enables instant payments and improves the shopping experience.

Complementary services for comprehensive business management

In addition, BBVA offers SMEs a range of complementary services that allow them to manage their businesses with a 360 degree perspective:

• Payment and collection management through online banking. BBVA’s business area offers advanced tools for integrated management of collections and payments. From issuing SEPA direct debits (Core or B2B) to managing supplier payments, taxes or bulk transfers, these features allow businesses to automate administrative tasks and have a global perspective of cash management. Thanks to its integration with digital banking, SMEs can improve tracking of their cash flow and spend more time on their business.
• Click&Pay: immediate liquidity for recurring payments. This line of credit offers companies between €2,000 and €25,000 to cover recurring payments like payroll, taxes or suppliers. With no activation fees (when contracted online) or penalties for early repayment, it offers a fast and flexible solution for short-term liquidity needs.
• POS Linked Loan: This is a financing solution for businesses already using a BBVA POS. It allows users to obtain liquidity quickly and automatically repay the loan through a set percentage of their daily POS revenue, with no fixed fees. This option adapts to a business’ real needs. If there are no sales one day, there are no charges. It’s an option that is particularly useful for SMEs and the self-employed with variable or seasonal income, as it facilitates short-term cash needs without putting pressure on cash flow.
• Programmed collections: BBVA’s corporate area offers advanced tools for integrated management of collections and payments. From issuing SEPA direct debits (Core or B2B) to managing supplier payments, taxes or bulk transfers, these features allow businesses to automate administrative tasks and have a global perspective of cash management.
• Collections with international cards: DCC and Tax Free. Merchants can offer services such as dynamic currency conversion (DCC) or ‘Tax Free’ management, improving the experience of international tourists and boosting sales to foreign customers.
• Hospitality: split checks and receive tips. BBVA POS terminals let restaurants easily divide a check among several customers and receive tips, improving the efficiency of the service and the payment experience.

From physical POS terminals to the most advanced digital solutions, such as Paygold, Social Pay and Wipöp, BBVA offers a comprehensive ecosystem to enable companies to grow, sell and manage their finances with full confidence. The bank continues to propel innovation in payment methods as the driver of competitiveness and digitization, supporting SMEs and the self-employed at every stage of their development.