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Virtual Terminal Credit Card Processing Benefits for Growth


Virtual Terminal Credit Card Processing Benefits for Growth

All businesses accept some form of payment and in the majority of cases, accept debit and credit cards. 

Virtual terminals can help businesses operate in a flexible way and help to fuel growth by offering customers an alternative way to pay when access to more common payment methods such as online gateways or point of sale terminals is restricted. 

With a virtual terminal, you can process credit or debit card payments with just a mobile phone, an internet connection and a merchant account using a web-based application. A simple solution for businesses wanting to accept payments quickly without the need for a card reader.

Virtual terminals are designed for a range of businesses who want to accept quick and easy low-value payments, including:

  • Any business looking to accept credit or debit cards over the phone or via mail order

  • Sole traders

  • Fast-food restaurants

  • Independent retailers

  • Pharmacies

  • Small businesses


How does a virtual terminal work?


To use your virtual terminal, you will need to:

  1. Log in to your virtual terminal 

  2. Enter your customer’s payment details (such as credit card, debit card or ACH details) into the secure payment page

  3. Submit to process payment

Using a virtual terminal is one of the simplest ways to take payments.

How does using a virtual terminal benefit business growth?

Virtual terminals have a host of benefits and most importantly, ensure your business can stay connected at all times by allowing you to take payments anywhere at any time. More benefits include:

  • Access terminal and information from anywhere at any time with just a computer and access to the internet.

  • Set up recurring payments with the customer by using a recurring payment date functionality so you no longer need to chase delayed payments.

  • Improved cash flow. Virtual terminals also allow businesses to operate smoothly and effectively by accepting multiple payments at the same time in a fast and secure environment.

  • Secure storage of sensitive customer information with PCI DSS compliance which ensures customer payment data is securely stored s whilst keeping the business safe from data breaches.

  • Real time reporting so you can access and keep track of cash flow from one place to boost business efficiency.

  • Fraud screening tools add another layer of security to identify fraudulent activity by conducting checks such as two-factor authentication for 3D secure, AVS (Address Verification Service) and CVV (Card Verification Value).

Getting started with virtual terminal credit card processing

Getting started with virtual terminal credit card processing is easy with Opayo.  

You’ll need to set up a merchant account in order to accept different payment types like Visa, MasterCard, Amex and Diners. The merchant account will authorise payments and transfer funds into your business account.

To get started, apply online and we’ll help you to start accepting payments over the phone in no time. For more information, please call us now on 0191 313 0300