Virtual terminal is an easy-to-use online payment portal designed for merchants who process credit card transactions using telephone, fax or snail mail to access a remote customer base. The system supports recurring payments of monthly fees and bills in scheduled, recurring installments. To use the virtual terminal an internet connection and web browser are required. When it is time to checkout a customer, their credit card information is entered manually into a secure form. Transaction authorization takes place, and the credit card information is kept safe, as the terminal provides the highest level of card data encryption and security protocols.
You receive extra functionality with a virtual terminal:
• Full contact information is stored within a customer profile in a secure database, such as details of past purchases, frequency of purchases, and amounts for different time frames and specific customers
• Merchants have the ability to offer a full product listing with categories, pricing, labeling and can assign each product to an auto tax system with tracking capabilities
• Merchants can create, modify and categorize product databases at any time, with real-time inventory management and price analysis available
• You can automatically sign batches by selection transaction and then requesting information retrieval, data store or the production of orders