cheapest virtual terminal credit card processing

#Cheapest virtual terminal credit card processing free#

Square – No monthly fee and seeevery payment in real time.There are many companies in the UK that offer virtual terminals as part of their merchant account packages. The customer is charged and you receive the corresponding funds (minus transaction fees).You enter the payment information from your customer exactly as provided.You log-in to your online virtual terminal.

Customer calls, mails or faxes you their order details including card information.Virtual terminals are actually incredibly simple. So it’s important when comparing prices for virtual terminals that you take this into account.

#Cheapest virtual terminal credit card processing free#

While some other merchant account providers will offer a free terminal if you use their merchant services.īut, as mentioned above, transaction fees for card not present transactions will usually be charged at a different rate than ones where the card is physically present.

Worldpay offer deals from as low as £7.50/month.

Paypal charges £20/month for the terminal itself on top of transaction fees.

While virtual terminals can sometimes be included as part of a merchant account agreement, they more often than not come with a fee. The good news is that many systems allow multiple-users so whether you’re a one person shop or a call centre with thousands of employees, there’s a virtual terminal solution for you. What types of businesses should use a virtual terminal?Īny business that processes card payments by phone, fax or mail will need a virtual terminal.

Often more simple to set-up than either retail or online solutions.

Track how people are buying things from you.

Can be used by one or more people depending on access level.

Being accessible from anywhere you have an internet connection.

Offers an additional way for your customers to pay, thereby increasing potential sales and profits.

These days virtual terminals are usually just accessed online via a secure website. Most providers will charge more for this type of transaction compared to retail ones, but may sometimes still be cheaper than online. The most important thing to be aware of when looking at virtual terminals is that not all merchant account providers offer the same fees for payment transactions by phone, mail or fax.

In the industry these payments are referred to as MOTO and a virtual terminal will allow you to manually process any transaction without the card holder being physically present. A Virtual terminal is essential for any business that wishes to accept to debit and credit cards by phone, fax or mail.