Virtual Terminal Credit Card Processing Might Be The Best Choice

The demand for convenient payment solutions is rising day by day, businesses are introducing new ways to accept and process payments to stay competitive. Companies look for technology solutions that can provide you the answers to their business needs. Payment terminal serves as an alternative to traditional hardware terminals. The ability to accept and process payments on a computer is a solution developed to address companies’ offsite payment processing needs.

With virtual terminal credit cards you can:

•    Take payments over the phone.

•    Easily control your customers’ credit card numbers

•    Continue using your physical terminal as before.

•    Have an integrated gateway by processing transactions inside an online portal.

•    Easily manage payments with automatic invoicing.

•    You can work from anywhere you can access the internet.

•    You can offer options like international currency acceptance and recurring billing.

•    Bring more visibility into each transaction by real time reporting.

•    Increase safety of your transactions

•    Virtual terminals can print or email receipts and generate reports, so you can track trends over time.

Many business are offering services on subscription model, thus it becomes invaluable for them to automatically charge customers’ credit card data on a predetermined basis. Virtual payment gateways can also be used for recurring payments.  As the customer's information will be saved and can be easily accessed from data storage to process a transaction. This will help in safer transaction and also eliminate data entry and human errors.

Apart from the above advantages, transaction history and email invoicing features are the other advantages of advanced virtual terminals. These features can greatly benefit businesses by providing them more easy going process and eliminating paperwork. PCI compliance is also required for all businesses that accept credit or debit card payments.

Tokenization : Way To Secured Transactions

The security measures have been strengthened to a huge extent to prevent credit card theft. For this purpose, the tokenization payment processing has been established by payment card industry and PCI compliance norms are followed strictly to ensure the maximum security.

This ensures that the sensitive information remains secure and there is no loss of  any data, thus ensuring the reputation of the companies that deploy the tokenization of credit cards. With tokenization, there is no risk that sensitive data will fall in the hands of thieves and other hackers. It is very affordable option for the businessmen who want to have PCI compliance.

This can lead to drastic change in the business practices and take it to new heights of success. Before the sensitive data of the customer was sent to the service providers which in turn provided a unique identity number and returned it to the merchant.

But now with tokenization, only the person handling the transactions onsite needs to see the token number and they can access all the records of clients and handle multiple transactions at a time. This has made the billing process really simple.

This sixteen digit number obviates the process of theft of any sorts as it means little to nothing. Only the authorized merchant can conduct any kind of transaction, but for the rest, it is all but a series of numbers that have no use.

This whole process eliminates any requirement  of presenting the real credit card to the vendor. This saves the data at rest and considering that the credit card is easily prone to theft, tokenization process has become the boon for businesses wanting to conduct secure transactions. Always look for a reliable vendor when looking for tokenization services.