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Home What does virtual payment mean?
31 Aug 2022 By PAYCEC
A virtual payment is an electronic payment transaction carried out using a mobile app or payment page in a web browser. The majority of these virtual payments are debit or credit card purchases made online during eCommerce or online shopping.
A virtual terminal is a piece of software (usually a web application) that enables companies to accept virtual payments from credit/debit cards, particularly credit cards, without the physical card being present.
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