The old days of sitting at the storefront manning the counter are becoming a thing of the past. With online storefronts, the demand for a new credit card technology has fueled the development of the virtual credit card terminal. Much like the new self-swiping terminals popping up at stores, virtual credit card terminals put the consumer in control of purchases by having them enter their own information.
Virtual credit card terminals are available for all types of online businesses. If you are unable to be there to accept payments, online credit services allow you to accept payments from multiple locations and through various methods. A virtual terminal allows the business owner to perform authorizations and credits for orders taken over the phone, fax or through email.
If you are in sales, you can immediately process a CVV shop transaction on site – great for home shows or trade shows – instead of taking the paperwork home to process. This will greatly decrease the risks associated with declined credit transactions, and will help the business owner expedite shipping with immediate card approval.
Much like the convenience of online software, a virtual terminal streamlines credit card sales. It is no longer necessary to sift through boxes of receipts, since all the records will be easily accessible online. All the owner has to do is to log in to the secured website, and an overview of transactions is readily available. See the charges and credits made, and enter a range of dates.
Owning a virtual terminal also allows you to manually enter transactions for mail and phone sales, refund money to the customer’s account, set up recurring charges for customers, as well as check on the status of transactions.
Virtual terminals have made online business simple for anyone. The programs are very user-friendly, and business owners will be able to experience higher profits from the convenience of being able to immediately accept payments. Every salesperson knows that you want to make the sale as soon as possible, before there is time for the customer to change their mind.
Research your options for virtual credit card terminals. You will be thrilled with the ease and convenience of a credit card without the hassle of a physical terminal to deal with.