The primary benefit of a virtual terminal is the complete freedom to accept and process payments anywhere that you have access to the internet or a mobile device like a smartphone or tablet. Either of those three options will work perfectly.
The NAB Virtual Terminal system is cloud-based. There is no hardware to purchase, no swipe machines to plugin and all updates are automatically implemented at no additional charge. Yes, merchants can download a free app and process payments directly from their mobile device or tablet.
In most instances, KJ ProWeb™ will create a branded credit card payment capture form. We integrate that payment capture form into the checkout page of your website. Your customers enjoy a seamless checkout experience without hassles, confusion and there are no extra steps involved.
After receiving a customer’s credit card information together with product shipping and delivery details, the seller must manually log into your Virtual Terminal account management dashboard, enter the customer’s card information, and click “OK” to process the transaction.
Click to video shown below to the Velocity Virtual Terminal in action.
A virtual terminal is a web-based solution that allows you to accept both card-present payments and card-not-present payments such as those made online.
North American Bankcard’s Velocity’s Virtual Terminal gives merchants the ability to accept all major credit cards and debit card payments by; keyed-entry, telephone order, or mail order.
However, if you’re selling from a website store with a shopping cart then you may likely need a credit card capture form as shown at the right.
How Does It Work?
After receiving an order from a customer simply log into your hosted virtual terminal, enter the buyer’s full name, address, credit card information, and — click Process Order’ to authorize the sale. Funds typically settle into your bank account within 24 to 48 hours.
As an extra bonus you receive a hosted account management dashboard where a ton of business management features are at your finger tips.
Securely store your customers’ personal and account information. Then, leverage a sleek and simple platform to start accepting payments (via credit card or ACH) for recurring applications and services like software, donations, and more.
Enjoy the freedom to customize contracts with optional add-ons and discounts, as well as periodic cycles that fit your revenue growth.
Perfect solution for gyms, martial art studios, spas, landlords monthly prescription refills, network marketing organizations, public utility companies, and subscription based apps.
The Velocity Payment System provides business owners with a full suite of enterprise-level payment capture reporting tools.
Velocity’s reports are designed specifically for administrators of an individual organization to analyze cash flow and distribution of revenue across specific payment types for improved forecasting and revenue cycle management.