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Virtual Terminal

Accept payments by phone, mail, or fax

If you’re a business that wants to accept payments by phone, mail, fax, or in person from your computer, you’re going to need a virtual terminal.

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

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.

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

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

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.

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

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.

Virtual Terminal Transaction Fees

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