A virtual terminal — sometimes referred to as a payment gateway — can be used to accept credit card, debit card and ACH payments through any computer with an Internet connection. It typically also allows merchants to perform a number of additional functions, including transaction verification and running reports.
A reliable and secure virtual terminal is critical for e-commerce merchants, who should be sure to choose one that can be integrated with their virtual shopping cart of choice. A virtual shopping cart functions like its traditional retail counterpart, giving online shoppers a place to store their selections for purchase. It also enables web merchants to collect billing and shipping information, including addresses and payment information.
Internet Merchant Account
An Internet merchant account from TransFirst® gives you access to Transaction Express®, our virtual terminal that delivers a comprehensive list of functions in addition to payment processing that are tailored to the needs of all types of merchants and service providers.
For example, traditional retail merchants can process swiped, card-present transactions that are processed in seconds. MOTO merchants are able to manually enter mail order/telephone order credit card transactions. And merchants doing business online can count on Transaction Express to integrate seamlessly with several popular virtual shopping carts, including SEO Cart, Zen Cart, Shopsite and OS commerce carts.
Besides payment processing, Transaction Express offers comprehensive functionality ranging from receiving authorizations responses and generating receipts to issuing refunds to customers’ credit, debit or ACH accounts.
Additionally, you can capture previously authorized transactions, confirm the status of a transaction, store credit card or ACH payment information in a customer wallet for future billing, establish automatic customer billing for recurring charges like membership dues and subscriptions, create and access standard and customizable reports, and upload batch files at the end of the business day.
Virtual terminal electronic payment systems can be a workhorse for merchants, providing features that simplify and keep secure the transactions they process each day.
One important feature appreciated by busy, diversified business owners is system support for a multi-user environment, which means that additional users can be registered in the virtual terminal by the merchant account administrator. Another handy option that helps to streamline operations is the ability to grant access to related merchant accounts to a single user.
Transaction Express provides these important features and more. Its multi-merchant environment groups related merchant accounts and access to them through a single login at no extra charge. If you operate out of more than one location or have expansion plans, this feature can greatly simplify your day-to-day operations. Seasonal merchants appreciate the fact that Transaction Express can be switched to an inactive state during the off-season, reducing their operating costs.
As always, security is the backbone of credit card processing. Transaction Express is a fully PCI-compliant and PA-DSS-certified payment application that helps protect you, your business and your customers from the ever-present threat of data breach and identity theft.
Virtual terminals have elevated payment processing to 21st century standards, and Transaction Express from TransFirst is helping to lead the way. When you’re ready to experience superior electronic payment processing with a virtual terminal, call us or complete the form on this page.
TransFirst is standing by with answers to your questions and an Internet merchant account that can make the virtual processing experience a reality for your business.