Virtual Terminal Card Payments

Virtual terminal card payments offer a simple way to accept credit or debit cards when customers can’t physically present their card. These virtual point-of-sale (POS) tools allow merchants to process payments from anywhere, including over the phone or by email. This makes them an ideal solution for businesses that don’t sell products online or at a physical store, such as catalogue-based business and telemarketing companies. It also works for small businesses that often work remotely and need to take payment on the go such as artists, flea market or craft fair sellers and some doctors’ offices.

Typically, a virtual terminal interface is accessible through the internet on a computer or mobile device. To accept a payment, the merchant logs into the virtual terminal, enters the customer’s card details (including name, card number, expiration date and CVV code), and the amount due, and clicks a button to submit the transaction. The virtual terminal then sends the information to the payment processor for authorization. The processor then checks with the card issuer to confirm that the card is valid and has sufficient funds or credit limit for the transaction amount, and the merchant receives confirmation of the successful payment.

Some virtual terminal solutions also support recurring payments (also known as subscription billing), which can be useful for businesses that want to automatically charge customers for regular deliveries or services. These features may vary from solution to solution, so be sure to discuss your needs with your payment provider before making a purchase. virtual terminal card payments

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