Having come from the heavily regulated mortgage and insurance industry, Libby found it puzzling that other financial sectors lacked regulation and transparency leaving customers confused and unable to make informed decisions when it came to accepting card payments. Her finance background, coupled with retail and customer service experience, gave Libby the drive to bring transparency and non-biased advice to the world of merchant services. Libby James Co-founded Merchant Advice Service alongside David Bird in 2016.
If you have any further questions then get in touch today. Our expert advisors know the in’s and out’s when it comes to virtual terminals, we are UK based but have clients internationally. This is perfect for businesses who mainly process ordered over the phone or online, but also occasionally have the need for a face to face solution such as pop up shops or trade events. Virtual terminals are mainly used for customer not present transactions however, some have the ability to work alongside side a plug-in chip and pin machine. If you wish to source a virtual terminal for your e commerce business, give us a callĪre virtual terminals just for MOTO transactions? Some companies use this as a backup, for example if the payment cannot be processed through the website for some reason. However, if you wish to advertise products online and then accept orders and payment over the phone via a virtual terminal, this can be possible. Most e commerce businesses have a standard shopping cart and check out process. To find the best merchant account for your business speak with our experts today!ĭo I require a virtual terminal for my e commerce store? No! To process card payments in any way be it face to face with a PDQ machine or customer not present transactions, you will need a merchant account. Most larger companies offer a virtual terminal app which tend to be just as simple to use.Ĭan I get a virtual terminal without a merchant account? Yes! This is one of the most common ways of our customers using a virtual terminal when off site, at trade shows or events.
#Virtual credit card terminal for android
Speak to an advisor who regularly deals with high-risk applications, that way you have the best possible chance of being accepted for a merchant account and virtual terminal.Īre virtual terminals available for Android and Apple? Your new provider should be able to help you with this, should you have any further questions.Ĭan I get a virtual terminal with bad credit?ĭepending on the timeframe and severity of your adverse credit this can be feasible. Most standard virtual terminals come with the ability to set up reoccurring payments, this is a quick process which can be manually entered on to the system.
Although approving a virtual terminal is a quick process, finding the correct merchant account to support to terminal takes a little longer, as you need both to run your virtual terminal, in our opinion there is no such thing as an “instantly approved virtual terminal.” CALL USĬan virtual terminal accept recurring payments? Some merchants are in a hurry to get their terminal set up, we understand that. Be aware that some companies put a limit on how many transactions can be processed per month. Virtual terminal fees normally cost a small amount per month and then are charged per transaction.
#Virtual credit card terminal free
Other suppliers will offer virtual terminals with no monthly fee, however it’s important to look at all costings involved as the well-known saying goes…there’s no such thing as a free lunch! Most merchants focus on the monthly fee alone, and this is where they go wrong LET OUR EXPERTS HELP! Most UK and international merchant services providers will have their own virtual terminal, meaning that if you sign up with them the virtual terminal may be free. Some companies offer free virtual terminals when signing up to their merchant account, the reason for this is a commission is earned on the amount a business turns over in card transactions. When securing the cheapest virtual terminal credit card processing you need to bear in mind all three overheads the payment gateway, merchant account and the virtual terminal itself. It’s hard to know what to expect when considering the costs involved in accepting virtual terminal payments.
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