Though using a virtual terminal for your credit card payments can be a cost saver for the small business owner, there’s one negative: it can be very time-consuming. Credit card payments are transacted in real time so you’ll know within seconds if the charge has been accepted. Many virtual terminal accounts allow multiple users so more than one person can be logged into your account and processing customer orders.ĩ. You can run reports and check on transactions.Ĩ. You can refund money to a customer’s credit card account.ħ. There’s no cost for additional equipment like point-of-purchase terminals.Ħ. A virtual terminal credit card processing account can act as a backup payment account in the event your main processing system or website crashes or is compromised.ĥ. If your business sales are more often faxed, phoned or mailed in, you can manually input the credit card data into a virtual terminal and submit it for processing.Ĥ. It’s perfect if you run a small business that doesn’t deal with a high volume of credit card purchases, but you want to be able to offer this option to your customers.ģ. If you’re a merchant or service provider accepting credit card payments in the field, an account with a virtual terminal processing company allows you to input payment information manually through a secure web connection on any mobile device, anytime, anywhere.Ģ. Virtual Terminal Credit Card Processing is a cost effective way for the small merchant or the business owner on the go to accept credit card payments Think of it as the link between a business owner and his money. A virtual terminal is accessed directly on your mobile device through a secure internet connection.
A mobile card reader attaches to your mobile device to scan and send credit card information through your smartphone. There’s a place to input billing information and credit card information to submit to your virtual terminal credit card processor for payment authorization.Īlso, do not confuse a virtual terminal with a mobile card reader. It’s an on-line form that looks like most any e-commerce payment form. Instead, a virtual terminal is separate from your website. What a virtual terminal is not, is a shopping cart for your website, although companies that support virtual payment terminals do have programs to integrate your virtual terminal account with your website. What happens to this information and how you eventually get paid for your product or service is all part of virtual terminal credit card processing. The question you should really be asking is “What is virtual terminal credit card processing?” And why is that? Well, as we explained, a virtual terminal is only the point of input for credit card information. Since this “terminal”, or input point, is accessed on-line, you can process credit card payments anywhere, anytime, from a computer or mobile device with internet access. It’s an on-line form used to manually input credit card data for processing.
VIRTUAL CREDIT CARD TERMINAL SOFTWARE
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VIRTUAL CREDIT CARD TERMINAL CODE
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