Merchant Account Virtual Terminal Explained:
What is a Virtual Terminal? A virtual terminal is a web-based application that allows merchants to accept credit card payments using their internet-connected computers. Like the traditional credit card terminals that you see at most retail stores, virtual terminals can accept both swiped and keyed transactions. In order to accept swiped transactions, merchants must use a virtual terminal that is compatible with a card reader that plugs into the computer’s USB port.
Virtual terminals offer many advantages over physical terminals such as the ability to access them from any computer, no equipment leases, real-time processing, tracking and reporting, recurring billing and employee sales monitoring, and many other dynamic features. Virtual terminals are best for office/call center businesses (non-profits, mail/telephone order, etc), small retailers (jewelry stores, furniture stores, etc), professional services (doctors, beauty, etc), and multi-location businesses.
There are many different companies that supply virtual terminals and they can be used with a prepackaged merchant account, or paired with other third-party processors.
Copyright © CardPaymentOptions.com, Inc. (Digital Fingerprint:
0d38c6720f0d78a701b74d58653af608). Getting paid to re-write this page? Click here to earn a
Any unauthorized copying and reproduction of the content of this page, including all meta
data and computer code, is strictly prohibited. While the information in the above article
is believed to be accurate as of its publish date, the author and publisher make no
representation or warranties with respect to the accuracy, applicability, fitness, or
completeness of the contents. The author and publisher shall in no event be held liable to
any party for any direct, indirect, punitive, special, incidental or other consequential
damages arising directly or indirectly from any use of this material, which is provided “as
is,” and without warranties. Any and all use of trade names and/or marks are for
identification purposes only and shall not be construed as a claim of affiliation, or
otherwise, with CardPaymentOptions.com, Inc. ("CPO") in any form. The sole purpose of the
material presented herein is to alert, educate, and inform readers. It is not intended as
legal or financial advice. We may earn revenue if you obtain services from a provider that
we recommend. See this page to learn how we support our operations.