What is a payment gateway and how does it work? Here you will find the most important terms for the payment gateway.
Virtual terminals can be used to process card-not-present transactions. Merchants or customers enter credit card information within the virtual terminal to complete a payment.
The connection of a virtual terminal is simple. Theoretically, the terminal can be set up on any computer with internet connection. Transactions are quickly executed. In addition, processes can be automated. All transactions are recorded and can be included in a report, partly graphically and statistically. Customers can make orders by phone, fax or mail. Payment details may be entered manually or automatically.
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