- Hotline +65 6631 8332
Home What is a virtual terminal account?
31 Aug 2022 By PAYCEC
A virtual merchant account is also a kind of business bank account that can collect payments from online shoppers. Virtual merchant accounts are linked to virtual terminals, which are web-based applications requiring no additional software. A virtual terminal can be created on any computer that has internet connectivity. Virtual terminal merchant accounts include unlimited virtual terminals. In order to use a virtual terminal system, a company must partner with a merchant acquiring bank or card processor, which manages all communications related to an electronic payment transaction. In fact, virtual payment terminals work similarly to physical payment terminals. The primary difference between them is that one operates credit card payment processing at the brick-and-mortar store while the other work in the online environment.
While local merchant accounts with POS can only take card payments inside the market, global payments virtual terminals make it outstanding in the eCommerce market where merchants are able to connect with international buyers across the world.
The integration of the virtual terminal payment processing gateway with the majority of popular CRM, accounting, and shopping cart platforms reduces development costs and accelerates time to market. virtual terminal for payments offers rich cloud reporting and gives you all the data you need to run your business efficiently.
Read more:
Have other questions?
If you need further assistance or answer, please don't hesitate to contact us.
who we are
about us
We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.
+65 6631 8332
Processing