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A virtual terminal is a software application (often a web application) for merchants which allows them to accept payment with a payment card, specifically a credit card, without requiring the physical presence of the card (“card not present transaction”). [citation needed] They are called “virtual” terminals in contrast to the physical ...
Square Terminal features a display, prints receipts, and accepts chip, swipe, and contactless payments. [33] Unlike the basic card reader, it does not require a phone or tablet. It is more affordable than Square Register. It was designed to replace the older credit card terminals encountered in many stores.
Payanywhere’s payments platform allows merchants to accept credit and debit card payments on a smartphone or tablet (Storefront) while also enabling them to view reporting, send and receive invoices, accept online payments through a virtual terminal, and manage employees, customers, and inventory.
The Virtual Terminal feature simplifies the acceptance of online transactions, for both card-not-present (CNP) and card-present payments, via an easy-to-use interface. Payments Hub has robust features for creating and automating invoices, reputation management, and building unique loyalty programs.
Controlled payment number. A controlled payment number, disposable credit card or virtual credit card is an alias for a credit card number, with a limited number of transactions, and an expiration date between two and twelve months from the issue date. This "alias" number is indistinguishable from an ordinary credit card number, and the user's ...
A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers. The terminal typically consists of a secure keypad ...
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