InstaBill.com becomes your online retailer. We then provide the following retail services:

What is a Virtual Terminal?

A Virtual Terminal, also known as VT, is a service that allows manual processing of credit card transactions through means of an electronic connection.

What a Virtual Terminal provides

Payment gateways provide users with a virtual terminal. It allows hosting terminals for multi-user networking. A virtual terminal also provides an online reporting facility for all the transactions and orders made. Through secure servers, the merchants can login to a website and process credit cards, perform authorizations etc.

Virtual Terminal allows:

• Easy usage – the virtual terminal is fast, reliable and easy to use online.

• Manual Credit Card Transactions – with this facility, the merchants can now manually enter the credit card transactions. This is feasible for phone, fax and mail orders.

• Cost Effectiveness – merchants can now save money and reduce cost by using the virtual terminal. With this they no longer require exclusive tools and fancy equipments.

• Refunding – virtual terminal allows the merchants to refund the money to a customer’s credit card.

• Security – it provides safe and secure servers (SSL) and reliable protection system.

• Automatic Billing – it allows automatic billing. Merchants can now automatically bill their customers, especially for recurring charges.

• Increased Sales – the virtual terminal allows the users to expand their business beyond the e-commerce world, as it is used for phone and fax orders as well, allowing the users to gain access to more users.

• Reporting – running various reports have now become possible through the virtual terminal. Merchants can now also check the status and capture the previously authorized transactions though this facility.

• Convenience – with the virtual terminal’s reporting facility it has become more convenient for the merchants to get automated services.

The virtual terminal acts as an intermediary between the merchants and their merchant accounts. It is a web interface, which allows the merchants to enter the customer’s details manually into a browser and submit them for fast authorization and processing.

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