A virtual terminal is a secure web page where you type in a card. Phone orders, deposits, balances on a work order, a customer who wants to pay from the road: all of it runs through a laptop or a tablet, with nothing to plug in.
Why the rate matters here
Keyed, card-not-present transactions sit at the expensive end of almost every statement. QuickBooks, for example, charges 3.50% on keyed transactions. With dual pricing, the card price offsets processing so you pay 0% to accept cards; without it, we still price keyed volume at true wholesale rates with no junk fees.
Part of the same platform
The virtual terminal comes with the Dejavoo and Valor cloud platforms and with SwipeSimple, so it shares an account, a statement and a support line with your countertop and mobile terminals. Stored customer profiles, receipts by email and simple reporting are built in.
Who leans on it
Automotive shops taking deposits over the phone, B2B suppliers collecting on invoices, professional services billing retainers, and any business that keys in more than it dips.