It is very important for merchants especially those that own their websites to be able to accept multiple forms of payments such as cash, personal checks, credit cards and of course debit cards. Through the use of virtual terminals, entrepreneurs are now capable of processing credit card payments from any computer provided that it has a secure connection.
Similar to credit card processing terminals found throughout most locations, merchants can swipe cards or key in their numbers in a virtual terminal. To accept swiped credit card payments a merchant must have a card reader plugged directly into their computer’s USB port.
The benefits of using a virtual terminal
a. Compared to a traditional terminal, a virtual terminal can conveniently be accessed from any computer with no additional equipment.
b. Merchants can track and report all credit card transactions that occur in their retail location with the immediate and accurate processing of a virtual terminal.
c. A virtual terminal has helpful features such as monitoring sales for every employee and recurring bills to help merchants with their finances.
d. Most virtual terminals are made to work well under any kind of connection. From dial-up to TCP/IP Internet or TCP /IP leased they can function and work well.
e. Virtual terminals have card reader support, Pin Pad support and check readers as well to check all major credit cards, debit cards, EBT purchasing cards, gift cards and they can also check verifications.
Enterprises that can greatly enjoy these benefits
Provided merchants operate from an office or small contact center, using a virtual terminal is always the best option.
Businesses that use mail order or telephone ordering services and smaller nonprofit companies can also benefit by using a virtual terminal for their transactions. Small retail locations such as a jewelry shop, furniture store and other specialty shops are also in the lineup.
There are several companies that offer virtual terminal systems online. Most of these systems are offered on prepackaged merchant accounts or with a third-party processor combo. Some companies also provide a virtual terminal that plugs right to a smart phone for the added convenience of doing business 24/7 anywhere in the world.
Truly, the use of a virtual terminal can lend the best benefits for merchants, business owners and non-profits alike.
If you are a business owner who is on the hunt for the best virtual systems provider to help your enterprise succeed, look no farther than Halo Merchant Services (www.halopays.com) to offer you the right merchant processing solution tailored fit for your needs at your price. Visit their website and discover the total advantage in all your merchant processing needs today.