One of the most difficult challenges business owners face is that of credit card processing or debit card processing if they choose to accept those types of cards (which they should because of their popularity). Many businesses refuse to take these common forms of payment for fear of theft, lack of knowledge on how the terminals work, or simply because taking them costs too much. However, one can avoid committing any of these crimes by purchasing virtual credit card terminals or machines.
As a quick explanation as to what a virtual credit card machine is: it is an application installed on your computer which turns your standard internet browser into a legitimate and legal method for accepting credit cards. Most virtual credit card terminals applications are legitimate and secure methods used by many online retailers so there is no need to worry about your credit card getting hacked or stolen.
If you would like to accept debit cards as well, all you have to do is request that an application be added onto your virtual machine, but this will require another selling point on the part of the company selling them to convince buyers that their machine can support debit cards because not all virtual credit card terminals support all types of cards. So before purchasing a machine make sure that they offer debit card capabilities.
After deciding what type of virtual credit card terminal to buy there are a few additional features you as a business owner should keep in mind. First, the machine should allow multiple forms of security such as PINs and passwords, these options are available on most machines but it is best to double-check that those types of payment support exist. Next, your virtual credit card machine needs to have the ability to communicate with a printer because not all businesses can operate without a physical receipt being printed out.
And lastly, be sure that the virtual machine you purchase can work across multiple browsers and computers because if your business expands or contracts you will want to make sure that all employees will be able to use their own devices rather than share one computer which can lead to privacy issues.
If you’re looking to accept credit cards and debit card payments at your business, Merchant Services Broker Solutions can help. We offer a wide range of services that include virtual credit card terminals for processing transactions. Our team will work with you to find the right solution for your needs – contact us today at 888-912-6727!