A virtual terminal is used for processing credit card transactions from any computer with an Internet connection and a Web browser. Virtual Terminal is best suited for businesses of all sizes because it reduces the complexity and expense normally associated with authorizing and processing credit card transactions.
A virtual terminal works as follows - You just need to login to a secure website with a login id and password. Then you can start performing authorizations and even begin processing credits. Along with this, you will have a complete online reporting of all your transactions and orders.
By using a virtual terminal you can:
- Enter credit card transactions manually for mail or phone order sales.
- Refund money to a customer's credit card.
- Automatically bill customers for recurring charges.
- check the transaction status and run a wide range of reports
- Capture previously authorized transaction.
A Virtual Terminal is nothing but an online version of the credit card swipe machines used in stores.
Some of the added benefits of virtual terminal are:
- Increases sales
- Saves money
- It's easy.
- It’s affordable.
- It lets you expand your business
- It’s convenient!
A virtual terminal is very popular among all merchants and is an ultimate solution for merchants who manually enter credit card transactions for mail or phone order sales.
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