Merchant Articles

Virtual Terminals- Virtual terminals are nice for people that are on the road or accept credit cards via the telephone. Business Merchant Account is going to discuss the basic concepts of virtual terminals and how to find the best virtual terminals.

A lot of people that accept credit cards aren’t familiar with virtual terminals. Business Merchant Account is going to go out on a limb and saying that virtual terminals are going to be the most common way to accept credit cards in the next few years. The reason for this is that it is such an easy way to accept credit cards and not that expensive.

So just what are virtual terminals? Virtual terminals are a form of credit card terminals that are online terminals only. If you have a virtual terminal you do not need a credit card machine. When you conduct a credit card transaction you go to a secured website that is provided by the merchant account and enter the credit card information. The website then connects to your payment gateway and completes the credit card transaction.

Who uses virtual terminals? Virtual terminals are mostly used by businesses that only deal with phone transactions and traveling businessmen. The reason that virtual terminals with phone transactions are popular because the credit card is never presented to the company thus the card number has to be manually entered in it. Plus, a business that operates strictly off the telephone tends to have more than one employee answering the phones. With a virtual terminal multiple people can access the secured website that the virtual terminal is located on and conduct transactions all at the same time. Virtual terminals are popular with traveling businessmen because all it takes is an internet connection and they can be accepting credit cards.

Who offers the best virtual terminals? For some reason not a lot of the top merchant accounts offer virtual terminals. As we stated earlier we think virtual terminals are going to be very popular in the next couple of years. Business Merchant Account feels that Merchant Express offers the best virtual terminal.

Who is Merchant Express? Merchant Express has been providing some of the best merchant accounts since 1998. They offer all types of merchant accounts including virtual terminals. What makes Merchant Express stand out is that they have low merchant account fees and great customer service. Merchant Express is so confident that you will be happy with their merchant accounts that they offer a no hassle 30 day return policy.

What is included in the Merchant Express virtual terminal? The following list are some of the features included in the Merchant Express virtual terminal:

• Manually enter credit card transactions.
• Refund money to a customer's credit card.
• Automatically bill customers for recurring charges.
• Check the status of transactions, and run a variety of transaction reports.
• Capture previously authorized transaction information.

What are the Merchant Express virtual terminal fees? Here is a list of their merchant account fees. All of the fees are well below the industry average.

• Annual Fee: $0
• Application Fee: $0
• Setup Fee: $0
• Internet Discount Rate: 2.27%
• Internet Transaction/Batch Fee: 24 ¢
• Address Verification Fee: 5 ¢
• Monthly Service/Support/Statement Fee:$5.00
• Voice Authorization Fee: 95 ¢
• Chargeback: $25
• ACH Reject Fee: $25
• PCI Compliance Fee: $4.95
• Programming Fee: $0
• Monthly Maintenance Fee: $0
• Checking Account Change Fee: $0
• Overlimit Fee: $0
• Authorize.Net Gateway Setup: $0
• Authorize.Net Transaction Fee: $0
• JPOS Retail Swipe Software: $0
• Check-by-phone/fax PC software: $0
• Web Shopping Cart: $0

As you can see they have a ton of virtual terminal features that are free. Click on the official Merchant Express link below to start taking advantage of those special Merchant Express fees!

Merchant Express!!! Official site

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