Virtual terminal is actually adding a new dimension to the ecosystem of online payment modes. Yes, the present condition is promoting an online business. The customers are using credit cards and debit cards more than others. If we talk about the merchants, they are also using digital platforms to grow their business. However, the payment modes and delivering the desired payment experience to the customers play a very important role in the sphere of online business. The merchants have understood the conveniences of using advanced payment terminals.
Well, the physical payment terminal will obviously add a lot of value to your online business. But, the virtual terminal or virtual credit card terminal will add a new dimension. It will provide more flexibility. Accepting online payment from customers will become easier if you embrace the virtual terminal. Yes, the customers will not have to visit your marketplace for making the payment. Moreover, you can accept payment from the customers even after having a normal online store.
Process Credit Card Transactions Using Virtual Terminal
Well, the pandemic situation has changed the ecosystem of online business. Now, you will not need any physical store to run your business. Moreover, you will not have to spend a single penny on the physical payment equipment. The virtual terminal is an internet-based credit card machine. You can turn the computer into a credit card processing machine. Nowadays, the merchants are looking for equipment that can make their business more flexible. Yes, they are looking for in-home service setup and mobile set-ups. However, it does not matter whether you want to operate your business sitting from home or from a retail store, you can use the virtual terminal in both cases.
The web-based credit card processing terminal also known as a virtual terminal will assist the merchants in the process of accepting payments from the customers. Virtual terminal from Rapidcents will help you to run your internet business in the most effective way. With the help of this digital payment terminal, you can accept card payments, mobile wallet payments. It also supports recurring payments. Therefore, if you are running a subscription-based business, you will not have to worry. You can set up the recurring payment easily. It also sends a timely reminder to the customers. As a result, you will not miss any single transaction from the customers. However, the automatic payment system will make everything easier. You will not have to call again and again to give the customers reminder. On the other side, the customers will not have to check their phone for making the payment every month for taking service from your business. The recurring payment system will handle everything.
Major Advantages Of Using The Virtual Terminal
Well, there are many advantages that you can redeem if you start using this web-based credit card processor or virtual terminal. The major advantages of this digital terminal are highlighted below:
- Well, the virtual terminal will help the merchants to accept recurring payments, debit card payments, and credit card payments.
- The online merchants can use the web-based terminal using any popular browser.
- You can easily mail the invoices to the customers. The customer will not have to go anywhere, as they can make online credit card payments directly from the invoice.
- The virtual terminal or web-based digital terminal will allow you to track the sales and cash flow on a regular basis. Moreover, you can also track the trends.
- The merchants can also accept the EMV compliant debit card and credit card. In addition to these, online merchants can also accept checks and cash using the virtual terminal.
- If you have a very low budget for starting an internet business, you will not have to worry. The virtual terminal is a digital terminal. It means that you will not have to purchase any sort of physical equipment like debit card payment equipment or credit card payment equipment. You will not have to rely on the card readers in order to accept payments from the customers.
- The virtual terminal or web-based credit card processor supports a card-not-present transaction. So, the customers can purchase from your online marketplace without making any physical appearance.
Not A Rapidcents Merchant?
The virtual terminal or the online version of the credit card machine will allow the merchants to process mail orders and phone orders. The virtual terminal from Rapidcents can store the information of the customers. Therefore, you will not have any problem while setting up recurring payments. Moreover, you will get the funds in your account within one or two business days. Synchronizing the payments with the accounting system will also become very easy with the virtual terminal from Rapidcents. If you face any problem while using this web-based payment equipment, you will not have to worry. The 24×7 active customer care team of Rapidcents is always there to help you. So, what are you thinking? Become a merchant of this renowned virtual platform today.