Nowadays, technology has made it possible to provide more convenient payment solutions. And as the digital market is thriving more than the physical, merchants and retailers should find new ways of providing different payment options to their customer to stay ahead of the pack.

One practical solution to this is by means of virtual terminals. What method of payment is this and how it can benefit merchants and their business? To learn more about this, we suggest that you continue reading.

How Does It Work?

Virtual terminals work logging in to a merchant account, then the merchant will enter the customer’s credit card information to a web-based application form, and once it is completed the merchant will then submit a request to process the payment request to his customer.

It should not be likened to a payment gateway because a virtual terminal allows the merchant to enter the payment details of the customer to process payment while the payment gateway only functions as a means of processing electronic card payment which, is usually found in e-commerce sites.

How It Will Be Beneficial To Merchants?

Low Cost During Setup

Setting up a virtual terminal will only require you to spend anywhere from $30 to $50 as compared to setting up a POS terminal which can cost you up to $1500, and this does not include the maintenance charge!

In a sense, it’s a practical solution for small businesses as it can provide them with competitive payment options without the need to spend more. You can try’s virtual terminal for credit card processing if you’re searching for a low-cost and dependable virtual payment option for your business.

Unlimited Users

A virtual terminal can be accessed by many users at the same time, which is a feature that is not usually available with a physical POS terminal.

Can Be Accessed Anywhere

Merchants will be able to access the virtual terminal anytime, anywhere as long as there is an internet connection. And through this feature, you can now check the sales report with the use of your mobile phone even when you’re at home!


Since there is no additional hardware required for using a virtual terminal, then the maintenance cost is practically omitted so you can focus more on the things that really matter to make your business grow.

What’s more is that you don’t have to worry about doing a physical upgrade since these platforms are web-based and the update is done automatically.

PCI Compliant

And finally, this method of payment is PCI compliant since all the customer’s financial data are protected as the system is constantly updated. This is something that you don’t get from physical POS providers as their upgrade cycle is slow.

All in all, virtual terminals are the most efficient approach to modernize any business and to help it grow.