Virtual Terminal Credit Card Processing in The UK

Tuesday, March 6th, 2018

What is a virtual terminal? How can it help with payment processing? What about virtual terminal credit card processing UK? Just read this article to get answers to your questions.

Virtual Terminal: What Is It?

A virtual terminal is developed to turn your computer into a credit card terminal. It enables you to manually process payments right from a web browser. Virtual terminals are especially important for those who are interested in billing remotely. Also, virtual terminals are great for taking credit cards over the phone.

With the right virtual terminal, merchants can accept credit card and ACH payments online, without worrying about safety from their own computer. Moreover, this is also efficient. Merchants who need to accept credit cards on their computer or on their website for their online or eCommerce shop, a virtual terminal can be the right option to choose.

Virtual terminals are also called virtual payment gateways. You can easily access them from any computer through its web-based merchant portal. To place a sale, you can either manually submit the credit card details or swipe the credit card through a USB operated credit card reader.

Card transactions that’re manually entered, keyed-in are associated with potentially higher risk. This can’t be said about swiped transactions: the risk is lower in this case. The reason is that the cardholder isn’t present in front of the seller where an ID and signature can be checked. So, credit card networks apply measures that can provide the necessary protection against higher risk of fraud.

Are you interested in virtual terminal credit card processing UK? The payment expert Best Payment Providers can help you find a reliable and affordable online merchant account UK. Best Payment Providers will help you get the best deal for your business wants and needs. Also, you’ll be able to enjoy free consultation and contracts reviews, as well as rates, and fees.

Best Payment Providers checks the integration process offered by each provider. So, you can be sure to enjoy a smooth transition and onboarding process. Best Payment Providers guarantees the most honest snapshot of the company at the time of writing.

Virtual Terminal Credit Card Processing UK

If you already have an Internet merchant account, your computer’s web browser, an Internet connection and a USB credit card swipe reader can help you with:

• Processing swiped retail credit card transactions
• Manually entering MOTO credit card transactions, which stands for mail order/telephone order
• Manually entering ACH transactions using a Standard Entry Class Code like PPD, CCD, WEB or TEL
• Receiving authorizations responses
• Generating receipts
• Issuing refunds to a customer’s credit card or ACH account
• Capturing previously authorized transactions
• Storing credit card or ACH payment information in a customer wallet for future billing
• Establishing automatic customer billing for recurring charges
• Confirming transaction status
• Uploading batch files
• Accessing, creating and saving a variety of standard and customizable reports
• Accepting credit cards virtually anywhere

Your phone, tablet, or computer can help run your virtual terminal wherever you have Internet access, no matter you’re at your office, a trade show, at the airport, etc. So, look for a reputable payment processing company that can provide you with a quality virtual terminal. Your virtual terminal can help you:

• Set up online credit card processing with no software to install
• No need for coding or for extra equipment
• Viewing account activity and track transactions in a report that’s easy to read
• Accessing the convenience of virtual terminal without a higher monthly fee, without any setup, termination, or withdrawal fees

A virtual terminal from a respectable payment processor can be of great help for merchants. Turn to a payment expert that can provide you with quality payment processing solutions you need.