Virtual Terminal Explained

 In case you had something to do with e-commerce retail or other service business, there is a good chance that you know about a virtual terminal. However, you might not exactly know what it is. Let us tell you what these virtual terminals are, how they work, and how they help in supporting modern business payments.

Virtual terminals are quite important and they are an integral part of CBD merchant account services as well. Let us know more about them here.

Virtual terminals are secure web pages enabling merchants to enter their credit card or debit card details manually on behalf of an authorized cardholders. Basically, these terminals work as an alternative to chip, tap, and swipe machines.

What you need to know about virtual terminals

You must understand that virtual terminals are for business use only, meaning they do not have any separate web page where customers can enter their card details or pins. The interface is very similar to the checkout page of an ecommerce account where there are spaces to enter the cardholder’s name, card number, expiry date, and CVV.

Virtual terminals are meant to be used for those transactions where cardholders are present. These terminals are also put to use when the customer is placing an order through a mail or phone call.

If you are looking for CBD merchant account services, make sure that you get a virtual terminal for yourself as well. It is an integral part of your business operations and so it is crucial to find a payment processor that can host a reliable and secure virtual terminal.

For more information, talk to us.