What is a Virtual Terminal?
A virtual terminal is an online credit card processing system that ties into your merchant account, which you get through us. When you have a credit card order or a refund to make, or a transaction to void, simply login to your merchant account online, click on the virtual terminal link and proceed to enter the customer’s credit card and billing information. If you’re charging a credit card, the money will appear in your bank account within 3-4 business days. If you’re voiding a transaction, this will prevent someone’s card from being charged. A good thing, when you need to void a transaction. Click here to learn how to use a virtual terminal!
A virtual terminal is an online screen that is connected to your merchant account and bank account that allows you to manually enter transactions. It is often used by our clients to replace an existing merchant account that they have kept just to process payments or donations that they receive in person, over the phone or from a paper form sent to them in the mail. If you currently have a merchant account just for this purpose, the free Acceptiva virtual terminal will save you the monthly cost of your existing merchant account.
