How Virtual Terminals Work to Benefit your Business

Virtual terminals have become more and more common through the advancements in modern-day technology. Adding yet another way for companies to conduct business quickly and conveniently. So, what is a virtual terminal?

A virtual terminal is just like it sounds; it’s a web-based interface that enables business owners to accept card payments online. Instead of paying at a physical terminal in-person with a card, the virtual terminal allows the customer to pay online by logging onto a website.

Almost any type of business can benefit from incorporating a virtual terminal. Especially those who conduct most of their business over the phone, submit electronic invoices, or have monthly recurring memberships or services.

Businesses that would benefit from virtual terminals:

• Professional services, such as accounting, medicinal, legal
• Businesses that primarily conduct business over the phone or by mail
• Food delivery services
• Service related companies such as lawn care or pet grooming
• Recurring monthly payments for a gym membership, subscriptions, etc.

The bottom line is, if you want a convenient and secure way to boost sales for your business, a virtual terminal is a great option for you!

With this new tech age, one category of business is overlooked, small business. Frequently, big tech companies will create products that work for large corporations, forgetting that most businesses are local and don’t require all the fancy bells and whistles. 

e3ePay’s mission is to level the playing field for small businesses, which is why we are dedicated to building tech options small biz owners need at a price that makes sense for their business.

E3EPay offers a virtual terminal through our SwipeSimple Online Dashboard. Enabling merchants to do the following:

• Run transactions virtually
• Send and receive invoices
• Save customer information
• Set recurring payments
• Invoice clients
• Export to Quickbooks
• View sales reports and inventory level