Payment Depot is one of our top picks for the cheapest credit card processing companies, and that includes virtual terminals. If you do high-volume sales, then a payment processor with interchange-plus pricing can save you hundreds to thousands of dollars, even when considering a monthly fee. Square charges extra for this, while PayPal will send money immediately but only to your PayPal account. All you need to do is discuss this when setting up your account.Īnother advantage Chase has over other merchant services is that, with a Chase bank account, you can get your funds the same or next day. You may also be able to process international currencies and electronic checks like PayPal. Unlike many virtual terminals on our list, Chase supports Level 2 and Level 3 card processing, which can get you better rates. It lets you process purchases and refunds and allows splitting of shipments, something we did not find in other virtual terminals, but which makes it well suited for sales that might need a deposit. However, Chase has its own-Orbital Virtual Terminal. If you prefer to use with Chase, you can start accepting payments over the phone. (Source: Chase)Ĭhase lets you have a choice of virtual terminals. Payline Data: Best for medical businesses, educational services, and nonprofitsĬhase’s Orbital Virtual Terminal lets you save customer data including card information to use again.PaymentCloud: Best for high-risk businesses.Payment Depot: Cheapest option for established high-volume businesses.Clover: Best for businesses that want to choose their merchant service.PayPal: Best for freelancers, occasional sellers, and cross-border sales.Chase Payment Solutions: Best for B2B sales.Merchant account transaction fees are higher than in-person transactions, though-it’s usually 3.5% plus 10 cents to 15 cents per transaction. Secure virtual terminals are available from almost any payment processor and require no special equipment. The best virtual terminals also let you send invoices and create recurring payments, making them good for billing. A virtual terminal lets store owners manually key in credit card numbers when they receive phone, invoice, or mail orders.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |