Credit Card Processing Tips and Tricks

Virtual Terminal – Key Benefits and Features

Written by David Harper | Dec 7, 2017 3:00:00 PM

If you are accepting credit cards in a retail environment only, you are probably very familiar with credit card terminals or point of sale systems. If you are accepting credit card payments in a non-retail environment (over the phone primarily), you can either process transactions through your physical credit card terminal, or through an online virtual terminal. If you want additional features, like saving credit cards on file (using tokenization, of course), sending emailed transaction receipts, or qualifying for Level 2 and Level 3 interchange rates on business-to-business or business-to-government transactions, a virtual terminal is the way to go.

With American Payment Solutions and APSPAYS virtual terminal, you will have plenty of features to utilize for a smoother card-not-present transaction workflow.

Process Card-Not-Present Payments at Lower Rates (MOTO) 

Many companies are still processing card-not-present transactions into their physical credit card machines, which is the most expensive way of processing these types of transactions. By keying the information into an online virtual terminal, you have the chance of qualifying for Level 2 and Level 3 interchange rates, which lowers the interchange rate drastically.

Set Up Recurring Payments

APSPAYS Virtual Terminal it not only allows you to process mailed and called-in payments with ease, but also will allow you to save credit cards on file per customer, and set up recurring payments. Simply enter the credit card information, select the date range and the dollar amount, and let APSPAYS do the rest.

Securely Store Customer Data for Future Transactions

Managing your credit card and customer information is an important issue that all business owners should consider. If you’re physically storing customer credit card information for future purposes, you might be violating PCI DSS compliance rules. By using an online virtual terminal like APSPAYS to handle and store credit card data, you will be following the PCI DSS rules. The virtual terminal securely stores customer data for future purchases and doesn’t put your business at risk of data breaches. 

American Payment Solutions is an award-winning virtual terminal provider that enables businesses that sell services to process credit card transactions, ACH, mobile, mailed, phone, or recurring payments easily and cost effectively. 

Contact American Payment Solutions today to find out how their online virtual terminal can help you streamline your payments.

American Payment Solutions enables you to cut costs and offers the following streamlined credit card processing features:

  1. Convenient 24 hour access to payment processing and reporting
  2. Automated recurring billing
  3. Improved cash flow
  4. Fraud detection and prevention (volume thresholds, risk parameters)
  5. Reduce invoicing costs 
  6. No additional licensing fees
  7. Virtual Terminals (no integration needed, no software to install, simply use your web browser to securely log in to process transactions)
  8. Credit card tokenization for secure access to future customer transactions
  9. Real-time Payment Gateway 
  10. Level 3 supported gateway for US accounts, (significant savings for business to government or business to business transactions)
  11. Batch processing when real time approvals are not required 
  12. PCI-DSS compliant at no additional cost
  13. Some of the lowest American Express fees in the entire industry!
  14. Next Day Funding including American Express making reconciliation process easier
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