![]() ![]() PayPal offers a virtual terminal for merchants who want to offer card-no-present transactions Image source: Author To accept and process virtual payments, you’ll need to have a payment gateway and a merchant account already set up. Virtual terminal credit card processing is managed in the same way as payments made via e-commerce stores - except it’s the business who uses the terminal, rather than the customer. Terminal allows you to enter in the customer’s card details via a computer to process payments One advantage to virtual terminals in lieu of retail POS systems is that they require very few physical hardware components to accept credit card payments online.Īs long as you have a computer or a mobile device, an internet connection, and a virtual terminal, you can accept and process card payments with no hardware. Users are charged a percentage of each transaction for using the service. Virtual credit card terminals are considered the online version of common point-of-sale solutions. You can take customers’ card details over the phone or in person, and process card payments with no physical hardware, such as a credit card terminal or reader. Overview: What is a virtual terminal?Ī virtual terminal is a web-based application that allows merchants to manually process card-not-present payments. We’ll go over what virtual terminals can help businesses achieve, which businesses they’re suitable for, and what to remember when considering investing in a virtual terminal. Virtual terminals are a good option for businesses who do a lot of business over the phone, or for those businesses that simply want to offer their customers more payment options. With the rise of e-commerce stores and business models that sell in several ways, merchants are offering new technologies that can help them enhance the digital customer experience.Ī longtime standby, point-of-sale systems and associated software typically need POS hardware to run on, which can be expensive for small businesses, especially those who don’t process a huge amount of in-person transactions. ![]() Offering your customers a variety of payment methods is good for business. The Ascent considers what steps small businesses need to use virtual terminals. You can enable or disable service charges from your online Square Dashboard by selecting Virtual Terminal > Settings > Checkout, and toggling on or off the “Allow service charges” option.Virtual terminals give merchants the freedom to take card payments without physical hardware. Click Charge to charge the total amount, including applicable taxes and service charges.The service charge will show as a line item in your customer’s invoice and receipt and in your report details.Note: You can select Add additional service charge to add more than one service charge to the sale and repeat the process. Click Add to add the service charge to the sale, then enter Payment details, customer information and choose payment method.Important: Make sure to let your customer know about any service charges before you proceed. Choose the service charge you created, or Create service charge.Note: You can edit taxes to be charged for each item by clicking on the item name. Under “Transaction details”, choose the purchased items, or manually enter the amount to be charged. Choose if you want to charge an itemized sale or process a Quick Charge.If you don’t see Virtual Terminal, select Payments > Virtual Terminal > Take a payment. From your online Square Dashboard, select Virtual Terminal > Take a payment.To add the service charge you created to the sale: Choose the location(s) where this service charge will apply, click Save and select Add.Choose whether or not the service charges will be taxable.Enter the name for your service charge (e.g. ![]()
0 Comments
Leave a Reply. |