11th November 2009
Virtual terminal credit card processing is actually done in an
online environment, using software that is supplied by the processing
company. While this is an option for accepting payment cards that
business owners love and take full advantage of, it doesn't always work
for all venues. For example, if you will be participating in
expositions, fairs, seminars, or other types of events where you will
be making sales, unless you have a laptop, and the processing company
allows you to operate outside of your usual IP address, you will not
have any way to collect credit card payments.
The companies that
process credit cards for you, through their virtual system, have many
security features in place to protect you and your customers. When your
customer makes a purchase, it generally doesn't matter where they are
located when you have virtual terminal credit card processing in place.
However, when you need to enter the payment card number yourself, such
as when you take a telephone order, the processing company checks your
login information and your IP number to make sure that it is actually
you doing this. If the information that they see - such as the IP
address - isn't correct, the card cannot be processed.
many business owners are not fully aware of these security measures,
and they carry their laptops for credit card processing to these types
of events, only to find that they cannot accept card payments until
they return to their normal place of business - where their IP address
is. This is a huge issue, that costs many business owners a great deal
of money in lost sales - and there is little or nothing that can be
done about it. You need virtual terminal credit card processing with a
mobile device that is designed for these types of events.
these devices are not overly expensive, there are lease options that
make them more affordable if they will just be used for one event. You
can even use these devices at your place of business, or at other
venues in place of the system that you currently use for collecting
credit card information. Even if this is your intent, you still have
the option of purchasing the device, or leasing the device with a short
term or long term lease.
Whether you lease or purchase a device
for Virtual Terminal Credit Card Processing, you should have twenty
four hour technical support available to you, and your device should be
previously set up for your use, before it is shipped to you. Don't make
the mistake of thinking that these devices are only suitable for point
of sale transactions, as they can also be set up to accept credit card
online, with the help of a qualified sales team and top notch technical
support, you can easily get set up for this. A good company that sales
or leases these devices will also offer processing services as well,
which may be required as your current processing service may not allow
for the use of anything other than their software.