Virtual Terminal Card Payment Processing.
Processing Payments with our Virtual Terminal Solution.
Imagine the convenience of being able to process a transaction anywhere, anytime – using nothing more than a web browser.
That is the power of a Virtual Terminal!
How it Works
When using a virtual terminal, the merchant simply logs in to a secure web platform, and fills out a form containing fields for each of the cardholder’s details, as well as information on the transaction (such as the sale value). The form is then submitted for near-instantaneous authorization.
Which Businesses can Use Virtual Terminals?
The truth is that most any business can benefit from deploying a virtual terminal. The technology has long been the go-to solution for businesses needing to process card-not-present transactions – such as telephone and mail order companies. But now many other businesses are enjoying a virtual terminals’ ability to empower a leaner, less hardware-dependent model of operations.
Virtual Terminals are Perfect For:
- Electronic Checks or ACH Payments
The handling of electronic checks or ACH payments is easily taken care of using a virtual terminal. With ACH payments, both one-time and recurring transactions are possible.
- Recurring Card Transactions
Setting up a recurring payment is simple and intuitive when using a virtual terminal. Cardholder details are stored for easy recall, so the payment form can be auto-filled with a simple click.
Details such as the frequency, number of payments (or duration), and the payment amount are entered, and the transactions simply take care of themselves.
- A Failsafe
Most businesses have experienced at least one instance of downtime affecting their card processing equipment – and the effects on the customer’s experience can be devastating. A virtual terminal provides a failsafe and offers an alternative to losing sales by resorting to cash-only trading.
Card-Present Transaction Support
Virtual terminals are easily used along with card readers.
By using a compact and affordable card reader, businesses using a virtual terminal are able to avoid making keyed transactions – typically classed as card-not-present transactions, and therefore subject to a slightly higher interchange rate.
As well as being suitable for in-store use, the card readers are also far smaller and lighter than counter-top terminals, and can be used on the go, simply by linking them to a laptop via a USB.
Virtual Terminal
Our industry-leading virtual terminal suite – Virtual Terminal – offers businesses a clear alternative or add-on to conventional card payment processing technology.
Virtual Terminal:
Allows for easy processing of credit, debit, or recurring payments.
- Is perfect for either card-present or card-not-present transactions.
- Supports refunds/reversals
- Supports multiple user accounts
- Allows for customization of data fields – supporting the capture of enhanced transaction details
- Supports searching through past transaction records
- Allows automated generation of end-of-day batch settlements
- Allows businesses to handle business-to-business and government purchases, via Level 2/Level 3 payment support.
- Provides support for PCI DSS compliant data protection, with a secure server platform
One Payment Provider, all the Support You Need
Merchant account holders can easily add our Virtual Terminal Plus option to their existing service package - making for one single account, with one single monthly statement, and easier handling of the payment/reconciliation process.
Contact us today to learn how we can support all your card processing needs.
- National Transaction Corporation
- February 19, 2023 | 2023-02-19