Virtual Terminal Credit Card Processing No Monthly Fee

Virtual terminal credit card processing no monthly fee is arguably easier than processing via traditional credit card terminals. It’s also less expensive than working with traditional terminals! Let’s take a deeper look at this form of credit card processing and why it might be the best choice for your business:

Who Benefits?

Virtual terminal credit card processing no monthly fee benefits anyone with a web store or online business, as it allows such merchants to easily collect credit card payments through web forms and online checkouts/shopping carts. However, web merchants aren’t the only business people who benefit from utilizing virtual terminal credit card processing. Mobile business owners also benefit, as a virtual terminal can be accessed at any location so long as an internet connection is available. This includes Wifi and modems. Business owners traveling with laptops can easily process credit and debit card payments rather than having to rely solely on cash payments, which usually results in lost revenue as well as customers. Home-based businesses also greatly benefit from using virtual terminals.

Easy Processing

There’s no card swiping when virtual terminals are used, rather all data is simply entered into a web form or virtual shopping cart. The data is collected and sent across a credit card network for processing just like traditional terminals, however this process is much easier and faster. Traditional terminals rely on card swipes, and credit and debit cards eventually wear out, resulting in multiple swipes and lost time among other issues. This wasted time is especially detrimental during “busy” seasons, such as those revolving around holidays. A high-speed internet line can process the card in as little as one to two seconds, whereas traditional options take anywhere from 30 to 50 seconds.

Helpful Features

Another benefit of using virtual terminal credit card processing with no monthly fee is instant access to previous transactions. Data from this advanced reporting is easily transferred to a spreadsheet or accounting software, something traditional credit card terminals do not offer. Virtual terminal credit card processing also offers advanced transaction features, such as recurring billing. This is highly beneficial to anyone with a business that includes subscription services or other regular billing needs.

Now that you know more about virtual terminal credit card processing no monthly fee, it’s time to decide if this cost-effective option suits your business needs! Find an option that integrates with at least 98% of all online shopping carts for best results, and enjoy the many benefits that follow!