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Virtual Payment 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 payment terminal.
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Process Card-Not-Present transactions with Payway’s Payment Virtual Terminal
A virtual payment 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.
Secure & remote. Quickly process credit card payments over the phone.
No card reader needed. Use your desktop computer or mobile device to process payments with out the need of a card reader.
Safe social distancing. Using a virtual terminal means no direct interactions with customers.
![Process Card-Not-Present transactions with Payway’s Payment Virtual Terminal](https://www.payway.com/wp-content/uploads/store-worker-resized.jpg)
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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?](https://www.payway.com/wp-content/uploads/reconciling.png)
![](https://www.payway.com/wp-content/themes/payway-v1/images/custom-content/custom-content-top-purple-dark-angle.jpg)
With Payway’s payment 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 payment virtual terminal, you simply log into your account online to securely and efficiently handle payments:](https://www.payway.com/wp-content/uploads/header-img.png)
![](https://www.payway.com/wp-content/themes/payway-v1/images/custom-content/custom-content-top-white-angle.png)
Virtual Payment 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 Payment Terminal Transaction Fees](https://www.payway.com/wp-content/uploads/get-paid.png)