What is a virtual merchant? The definition of a virtual merchant is a businessperson that provides goods and services with the flexibility to accept payments anywhere. Here are a few examples. A virtual merchant may have a computer with a virtual terminal, an e-commerce website to accept online payments, use a credit card terminal at their place of business, or use a mobile app to take payments at a trade show.
With today’s technology, it’s easier than ever to accept credit card payments. Virtual merchants have many options to receive payments. Some of the most popular payment options include a virtual terminal on a computer, mobile phone, tablet or shopping cart. Additionally, you can accept payments by mail or telephone, on mobile devices with an app, or on traditional credit card terminals. The advantage of this type of credit card processing is having all these payment options combine with one merchant account.
How Does a Virtual Merchant Account Work?
A merchant account, payment gateway, and virtual terminal join to deliver the means to accept credit card payments online. The best merchant service providers offer a free virtual terminal, competitive pricing, and a free mobile app for processing payments. At Virtual Merchant Services, our goal is to help you find the right merchant provider, hardware, and pricing that works best for your business. Complete our simple form, and you’ll get multiple rate quotes to compare from the top virtual merchant providers in the market.