answersLogoWhite

0


Best Answer

Virtual terminal credit card processing is a technology that allows online merchants to process and accept credit cards as a form of payment. It allows the consumer to pay for items online with a credit card, making the purchasing process much easier.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the point of virtual terminal credit card processing?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What do you mean by a virtual terminal?

A virtual terminal is a software solution for accepting credit card payments using your computer. You need to be online, as it is a front-end connection to a payment gateway, which processes the payment. Think of it as the virtual equivalent of a point-of-sale terminal, where you swipe your credit card. As a matter of fact, you can use an optional card reader that plugs directly into your computer to swipe and store credit card information. Typically, small business owners or travelling sales use a virtual terminal, since it is a portable payment solution without the cost of physical hardware.


How do you use a virtual terminal?

A virtual terminal is basically a software that is run on your computer, where you input credit card information when making sales. Think of it as a point-of-sale terminal hardware, without the hardware. Your computer needs to be connected to the internet so that the credit card information is processed through whomever you use as a merchant account provider. You can also purchase a card reader that plugs into your computer, so you can actually swipe credit cards that way. For more information, visit: http://www.pivotalepayments.com/services-offered/virtual-terminals/


What are the costs for using a virtual credit card terminal?

There's quite a price range for using the services of virtual credit card terminals. Many offer their services free for the first two months, at which point the fees are raised to anywhere from .35% to .85% and beyond. Many services also offer a set fee per swipe option.


What are some of the features of Nova credit card processing?

The features of Nova credit processing are point of sale transactions involving credit and debit cards. These terminals allow a business to process credit and debit sales.


How would a person with an uninhabitable workplace for credit card equipment go about accepting credit cards?

There are many credit card processing companies that allow you to use telephones to access their processing services. The discount rate for this is usually quite a bit higher than with an electronic transaction. Also, there are some new wireless terminal devices that may work in your environment. You may want to do a quick internet search for credit card processing and/or wireless point of sale terminals - you should get a lot of hits.


What is the difference between a physical CPU and logical CPU?

From operating system point of view there is no difference between physical and virtual processor. But conceptually both of these are different.Physical ProcessorThe physical processor is physical entity.Virtual ProcessorVirtual Processor is logical entity. The physical processor is divided into processing units. And one or several processing units are combined together to make virtual processor. The processing capacity is distributed in terms of virtual processors and not as processing units.For example, if we have 2.0 physical processors and we take 0.4 processing units as one virtual processor. This will leave shared pool with 5 virtual processors.If the processing units required for a partition are 1.2 then 3 virtual processors will be allocated for that partition.If the processing units required for a partition are 1.7 then 5 virtual processors will be allocated for that partition.That means the number of virtual processors is rounded to the next higher level.


What input devices are used in a Point of Sales terminal?

Bar-code scanner & Credit/debit card reader.


What is a point sale machine?

Point Of Sale (POS) machine is a terminal or part of the checkout process that processes credit or debit cards and finalizes the transaction.


A terminal used for electronic processing of payment transactions in a retail outlet?

POS or Point Of Sale.


What is the point of merchant card processing?

Merchant card processing is necessary for a business to accept payment by credit card. Specifically, it allows a business to be reimbursed by a bank. When you pay your credit card bill, the bank gets its money back.


What is point of sale cash Advance?

This is pos sale cash advance where a customer obtain money from his/her credit card at pos terminal.


What are the benefits of a Wireless Credit Card?

The main benefit of wireless credit card is that it allows customers of mobile credit card processing and wireless point of sale system. This is also a faster method for customers