Virtual Terminals

In most cases, a virtual terminal is a web page or application that allows merchants to complete no-card transactions. They’re ideal for businesses that accept phone payments, receive invoices by email, offer subscription services or aren’t physically open to the public.

As a web-based solution, a virtual payment terminal empowers you to process credit and debit card transactions remotely. They function almost identically to physical payment terminals, except they’re hosted online. The process of accepting virtual terminal transactions usually looks like this:

1. Logging into the payment processor’s virtual terminal solution
2. Entering the customer’s card details
3. Submitting the virtual terminal payment
4. Printing, emailing or texting a receipt to the customer

Rather than limiting yourself to certain transactions, virtual terminals unlock a whole new world of payment possibilities. Plus, by working with Sekure, you can access a wide range of benefits, including:

• Flexibility: Process payments from anywhere and any device. Instead of being tied to a single machine, merchants can turn any web-enabled hardware into a credit card terminal, allowing them to accept online payments however they choose.

• Security: Worried about fraud? With the right virtual terminal solution, you can protect credit card information by encrypting it at all stages of payment processing.

• Storage: Store payment details for future use knowing your customer’s information is safeguarded from top to bottom. 

Recurring billing: Setting up a subscription service? Virtual terminals make it easy. They allow merchants to request a customer’s authorization to make a recurring payment, automatically collecting funds using the saved credit card information.

Generally, regardless if you’re a small business or large organization, virtual terminals are extremely helpful if you accept card-not-present transactions. Still not sure how it could boost your business? Here are three types of companies that benefit the most from virtual payment processing:

• Auto repair shops: Terminals allow customers to pay over the phone and pick up their car after hours, affording you both additional flexibility and convenience. 
• Restaurants: Support curbside and tableside ordering by transforming any device into a payment processing tool. 

• Professionals: Law firms, clinics and other professional services are increasingly leveraging remote payment solutions. Terminals are especially great for merchants that bill monthly. 

Don’t fall into one of these categories? No problem. Check out our blog to learn how virtual terminals can benefit your business today.

No two virtual terminals are exactly alike, and the same goes for your business. However, there are some must-have features that a top-notch solution will provide. For example, you should be able to:

• Set up a recurring payment
• Connect a card reader to your solution
• Create customers and save their card details
• Send digital receipts
• Customize the experience to match your brand
• Prevent fraud and comply with your security requirements

At Sekure, we learn the ins and outs of your business so we can identify the best-fit solution for your specific goals and requirements. That way, you can rest assured you have all the tools you need to thrive today and in the future.

The short answer: Leave it to us. Our Payment Experts have the knowledge and experience to simplify the search process, narrow down your options, demonstrate their value and help you make the best possible choice at the lowest possible price.