Virtual Payment Terminal (Virtual Terminal)

A virtual payment machine, commonly referred to as a virtual terminal, is a web-based application that allows merchants to process credit card transactions without the need for physical hardware. This system is accessed through a web browser, connecting the merchant directly to an acquirer, processor, or third-party service provider's website to authorize payment card transactions.

Here's how it typically works:

Ideal Use Cases:

Security Considerations:

Overall, virtual payment terminals provide a convenient and cost-effective solution for many merchants, especially those without the need for a full-scale POS system. They offer the essential functionalities needed to conduct transactions securely and efficiently, with the flexibility required by various business models.