What Exactly is a Virtual Terminal?

Few businesses can survive without offering their customers the option of paying with credit cards. Business owners often find it overwhelming to wade through the dozens of payment processing options. Technology has changed rapidly over the past decade, creating a myriad of choices. Most merchant account providers have contracts, set-up fees, and cancellation penalty charges, so before opening a merchant account, be sure to explore a variety of providers, and research them well.

The rising star in payment processing options is the virtual terminal. This method of accepting credit cards is extremely convenient for both the consumer and the seller.

What exactly is a virtual terminal?

1. A virtual terminal is a secure online payment processor accessed through any browser.
2. It looks like going to a website, but it is actually a secure application.
3. It is a method for merchants to process credit cards away from the physical site of their business.

Why use a virtual terminal?

1. A virtual terminal is accessible 24/7, from any location.
2. A merchant can process orders securely without swiping the actual card.
3. Encrypted credit card information ensures secure transactions.
4. It is convenient for seller and consumer.

What you should look for when choosing your virtual terminal provider?

1. Choose an interface that is easy to navigate.
2. Make sure the merchant account provider is reputable and secure.
3. Make sure funding time is no longer than 2-3 days.
4. Shop around and make sure you get the most competitive rate.
5. Online data and reports that are accessible, clear, and concise.

Opening a merchant account and deciding the type of payment processing right for you is a lengthy process. Most reputable merchant providers will allow you to access their virtual terminal home page and navigate a mock charge before you sign up. Look at the type of reports you can access and the back up and export capabilities. Most importantly, do not be afraid to ask questions. Some companies will offer discounted rates with volume and others have maximum monthly limits. Armed with the right questions, you can easily choose the merchant provider that is best suited to your particular needs.

Leave a Reply



It took me a while to decide who I wanted to settle with to handle all of my credit card transactions because every company wants to make it sound like they're offering you the best rates. CreditCardProcessing.com was able compare and beat all of the other offers I received. They were also able to provide me the fairest price on my EMV-compliant terminal. My sales representative and the support team were there to assist every step of the way. Ultimately, I'm looking forward to a long term relationship with this company.

Roland Tran from the Hong Kong Kitchen

It is a pleasure dealing with these folks. Their pricing is fair, their statements are understandable and their employees are knowledgeable and friendly.

John MacMillian from the Great Lakes Baking Company

The service was very professional, my sales person (Steven B.) was very well versed in the product and most helpful in getting our company set up to accept credit cards via my cell phone. Their rates are some of the lowest on the market and their service is unparalleled. I will recommend them to anyone requiring a credit card processing service.

Michael Harper from Deluxe Auto Body

Jonathan C. is wonderful to work with. He is very helpful, accommodating and resolves any issue quickly. It is hard these days to find someone who gives great customer service, but I can say, Jonathan is the best! I would not hesitate to recommend him to any business owner and to assist you in helping to grow your business.

Linda Garner from Regali Da Forno

I called indecisive about getting a device, but speaking to your Sales Consultant completely settled me. He was very professional, knowledgeable and patiently walked me through the process. He always responded to my voicemails and answered all my questions. After I received my merchandise, he called following up to ensure that I had received it. Customer service I would say is 5 stars. Stellar! Thanks Credit Card Processing, I will definitely recommend you.

Sarah Morgan from Vision International Ministries
Call Us Today! (866) 837-0751

© 2016 CreditCardProcessing.com. All rights reserved. Privacy Policy
CREDITCARDPROCESSING.COM, LLC is a registered ISO of Wells Fargo Bank, N.A. Walnut Creek, CA

*Further terms and conditions may apply. Promotion contingent upon CreditCardProcessing.com's receipt of written competing offer(s).

**Certain restrictions may apply.

Promotional offers brought to you by CreditCardProcessing.com.

Call (866) 837-0751 for details.