Best merchant service

All about Virtual Credit Card Terminals!

Mike Myer, , Leave a comment
Virtual Credit Card Terminals!

Is your business ready for the future of payments? Believe it or not, virtual credit card terminals are the wave of the future. Here’s a closer look at what they are and why you should consider using them. 

What exactly is a virtual credit card terminal? In short, it’s a device that allows customers to pay for goods or services with a credit card using their phone or computer. Transactions are processed through an app or browser extension, and the user never has to share their credit card information with the merchant. This makes virtual credit card terminals an ideal payment solution for online businesses and those that process a large number of transactions each day. Still not convinced? Here are four reasons why you should consider using virtual terminals in your business.

1. Increased security

One of the biggest benefits of virtual credit card terminals is that they provide a high level of security for both merchants and customers. Transactions are processed through a secure connection, and the user’s credit card information is never shared with the merchant. This helps to reduce the risk of fraud and data theft. When you are considering credit card processing for small businesses, ensure to consider virtual credit card terminals. 

2. Convenience and flexibility

Virtual credit card terminals are also very convenient and flexible. They can be used anywhere there is an internet connection, making them perfect for businesses that operate online or those that have a large number of transactions each day. In addition, virtual terminals can be used with a variety of smartphones and computers, making them compatible with virtually any device.

3. Improved customer experience

Giving your customers the option to pay with a credit card can provide a better overall shopping experience. With virtual terminals, customers can complete transactions quickly and easily without having to share their personal information. This helps to build trust and strengthen relationships with your customers.

4. Reduced costs

Virtual credit card terminals also offer businesses several cost-saving benefits. For starters, there is no need for a physical terminal, which can save you money on hardware and software costs. Virtual terminals are also typically cheaper than traditional credit card processing solutions, making them an affordable option for small businesses.

As you can see, there are many reasons to consider using virtual credit card terminals in your business. They provide increased security, convenience, and flexibility while also reducing costs. If you’re looking for a payment solution that is ready for the future, then virtual terminals are the way to go. Merchant Services Broker Solutions offers the best merchant service. Get in touch with us at 888-912-6727 or sales@msbrokersolutions.com.

Types of Merchant Service Providers

Mike Myer, Leave a comment
Merchant Service Providers

What is the role of merchant service providers?

As any online purchase is made, how do you make the payments? With a few clicks and some details, the purchase is made. Have you ever thought about the processes involved in it? The merchant service providers are an application that involves every payment via credit cards and debit cards. Being a small business owner, having the best merchant service provider for all the payments and works is necessary. But the doubts, questions, and clarifications are raised only when the time comes to choose one right one. Before that, one has to know about the different types of merchant service providers. Let us see the different types briefly.

Merchant account providers: As the name says, a merchant account provider provides the merchant with an account specifically made to accept all modes of payments via credit cards and debit cards. The cash paid for the purchase is first transferred to the merchant’s account before being deposited in the business account. They also offer many facilities to improvise the business like credit card terminals, mobile card readers, POS systems, and many more. Find the right merchant account providers by clarifying all about the type of work, the experience, history, personal credits, rate of frauds, and past merchant account details.

Payment services providers (PSPs): The electronic payments that accept both online and face-to-face transactions, including credit and debit cards, are provided by the PSPs. Every small business without such amenities is likely to have small or no fees, short-term contracts, high-level scrutinizing options, chances of a terminated account, and poor customer support. This is where the PSPs come to the rescue by being attentive to all the potential risks in a transaction. Make sure to confirm with the customer experience before hiring the payment service providers as you expand the business.

Payment gateway providers: They are the simplest merchant service providers offering a secure network to make transactions with credit and debit cards. A physical store does not compulsorily require a payment gateway, but an online store does. Storing payment information, regular bills, virtual endpoint, continuous incorporation with the websites, and QuickBooks are some other features offered by a payment gateway provider. They have high safety to prevent any kind of fraudulent activities that could occur during a transaction.

MS Broker Solutions are one of the best and trustworthy merchant service providers. One can contact their team for reliable service.