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Virtual Terminal

Accept payments by phone, mail, or fax

Process Card-Not-Present transactions with Payway’s Virtual Terminal

If you’re a business that wants to accept payments by phone, mail, fax, or in person from your computer, a virtual terminal is a smart choice.  A virtual terminal primarily functions for manually entering credit card data or collecting payment information from a customer who isn’t physically standing in front of you. If you manually enter credit card information (even if they are standing right in front of you), the sale is considered a card-not-present (CNP) transaction.

So what kinds of companies can benefit from taking payment via a virtual terminal?

  • Delivery services: Customers can prepay over the phone before receiving the delivery.
  • Freelance work: Settle billing with pros who work remotely.
  • Local professionals (e.g., doctor’s offices): Take payment over the phone to book clients or process from across the counter.
  • Mechanics: Your customers can pay you over the phone and pick their car up after hours.

With Payway’s virtual terminal, you simply log into your account online to securely and efficiently handle payments:

  • Manually enter credit card sales directly on your computer
  • Manage different types of payments, including in-store orders, mail orders or invoices.
  • Protect against fraudulent transactions with address verification service (AVS) and card verification value (CVV)

The Payway virtual terminal is a fully PCI-compliant and PA-DSS-certified payment application.

If your business has an ecommerce component and offers online payment, you may also want to consider a payment gateway.

Virtual Terminal Transaction Fees

How you process a payment affects the transaction charge. If you key the card information manually at your virtual terminal, the rates are slightly higher because the transaction is considered card-not-present, and therefore incurs higher interchange fees (paid to the banks and card networks). Even businesses that use flat-rate pricing instead of interchange-plus charge more for CNP transactions of all types because ultimately it costs them more to process and presents a higher risk.

If your processor offers ACH as an alternative, you may be able to save some money, as ACH generally costs quite a bit less than credit cards to process.

Accept payments by phone, mail, or fax

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