Virtual Terminal for Businesses
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by: Estella
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With the ability to handle,minimize complexity and expenses, virtual credit card terminals are suitable for businesses of all sizes. They are very popular in various utility companies, mail order businesses, call center operations, newspapers and magazines, insurance companies, charities, and service companies. Virtual credit card terminals enable you to manually enter credit card transactions for mail or phone order sales, refund money to a customer's credit card, automatically bill customers for recurring charges, check the status of transactions, manage a variety of reports, and capture previously authorized transaction.
Virtual terminals are software-based credit card terminals which help you to capture and authorize credit card transactions fast and on time. After the process is over,the merchant gets an authorization number and the server stores the transaction details. Transactions are automatically cleared at the end of the day and the reports are delivered within two to three business days.
Unlike the POS (point of sale) terminals, virtual credit card terminals are very fast and efficient.
Some other spotlight features of the virtual credit card terminals include:-
Address verification service.
Customer and merchant email notifications.
Recurring payments.
Detailed reporting capabilities.
Automatic item sub-total calculation.
Credit card swipe card option.
Automatic tax calculation.
Automatic shipping calculation.
Item discount calculator.
Billing and shipping data fields.
Coupon or rebate calculator.
Unlike other software packages for businesses,the virtual credit card terminals do not require Licensing fees, fees for upgrades and customer service. The cost is actually associated with authorization and processing of credit card transactions. In additional most software-based credit card terminals use flash memory to store the software.
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