What is a Virtual Terminal?
A virtual terminal is an online version of the card-swipe terminals. You can manually enter the card information and securely process the card over the Internet. A virtual terminal can be useful for business conducted via phone, fax or mail. You can also use this solution to manually process orders received through your Web site.Back to top4.
An online transaction terminal hosted on the Payment Gateway’s transaction server. Merchants simply gain access to their Terminal by logging in using their web browser. They can then perform live online transactions using their merchant account. The merchant enters a transaction manually and the Virtual Terminal will process the transaction in real-time just like a physical card terminal would. Just as with an automated Shopping Cart, data entered into the Terminal is transmitted to the credit card acquirer. The transaction amount is then authorized by the bank in real-time, and the transaction is settled.
