A virtual terminal is an easy and efficient way to accept card payments online. It works by way of a virtual software. It offers a high level of security through the use of AVS security (Address Verification System). It also ensures PCI compliance requirement is met.
A significant advantage with the use of virtual terminals for businesses is that it gives them the choice to accept payments as per their requirements. The payment can be facilitated through phone or link. A virtual terminal is considered an effective way to increase customer reach because of the high level of convenience offered.