Virtual Terminal

A Virtual Terminal is a web-based application that allows merchants to process credit card transactions manually using any device with an internet connection. This is useful for businesses that accept payments over the phone or via mail order.

The merchant simply logs into their secure virtual terminal, enters the customer’s credit card information and transaction amount, and processes the transaction. Virtual terminals are a flexible payment solution that doesn’t require specialized hardware or physical credit card readers.

This can be particularly beneficial for small businesses, mobile businesses, or any business that does not have a traditional brick-and-mortar location. Additionally, virtual terminals often include features such as transaction history, reporting, and the ability to issue refunds or void transactions, which can help merchants manage their payments more effectively.

Some virtual terminals may also offer integrations with other software, such as accounting or customer relationship management (CRM) systems, to streamline the business’s operations.

Ultimately, virtual terminals provide a convenient, flexible, and cost-effective payment solution for businesses that need to process card payments manually or do not have a traditional point-of-sale system.