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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 ...
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.
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.
Payment processor. A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken down into two types: front-end and back-end. Front-end processors have connections to ...
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.
Merchant account provider. Merchant Account Providers give businesses the ability to accept debit and credit cards in payment for goods and services. This can be face-to-face, on the telephone, or over the internet. Credit cards have become the preferred method of payment in today's market, making a merchant account essential for most businesses.
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