Customers add items to their cart, proceed to the checkout, and are prompted to key in their credit card information.The payment gateway allows customers to input their cardholder data and complete an online purchase or payment transaction.The gateway obtains data from a virtual terminal, authenticates it, and routes the information to the payment processor.They’re integrated into a business’ website and used in conjunction with checkout and shopping cart solutions. The payment gateway market is valued at $22.8 billion and is expected to reach $52.8 billion over the next five years. virtual terminal What’s a payment gateway?Ī payment gateway is a solution used by customers to make payments on e-commerce websites. The difference between payment gateway vs. To better understand them, let’s delve into the definitions and characteristics of each. You must understand the similarities and differences, what they do, and how they interact before deciding on which to use. Individuals often find it difficult to differentiate between a payment gateway and a virtual terminal, two of the most common terminologies. If you’re looking to integrate payment solutions into your e-commerce business, the jargon used in payment processing can be confusing. This figure is expected to grow by 56 percent over the next three years, reaching $8.1 trillion by 2026. Those who receive phone calls or mail from their customers regularly will enjoy the convenience of being able to take payments at the same time with virtual payments.Īnd as multiple people can log into the virtual terminal payment gateway at any one time, you don't have to worry about the rest of your team making transactions simultaneously.In 2021, e-commerce retail sales totaled $5.2 trillion U.S. If you have to call customers for security reasons.If you run a delivery or pickup service.If you have customers of an older generation.If you take care of business on the move.But, because of their nature, virtual terminals are particularly useful to certain types of businesses and customers. Virtual terminal card payments can be made by any business with a phone and internet access. Who can use these virtual payment services? Expands your customer base to shoppers who can't reach you face to face or online.PCI DSS Level 1 Compliant to ensure your customers' card details are secure.Get sales information in real-time with our reporting platform.Affordable packages keep your operational costs down.Accepts all major credit and debit cards from anywhere in the world.The benefits of MOTO transactionsĪlongside the flexibility of taking card payments anywhere with an internet connection, our virtual credit card terminal has a host of features that work to improve your business and its payment offering. With G4S Pay we can arrange secure and efficient MOTO card payments using virtual terminal services.Ĭontact us today. As they take place on a web browser, MOTO payments are a type of online payment where the customer is not face-to-face with the merchant, otherwise known as 'Cardholder-Not-Present' payments. The virtual terminal is, essentially, a secure payment form on a web browser that allows you or members of staff to input the card details of a customer, either while they're on the phone or having sent you their card details in the post. A MOTO payment, which stands for Mobile Order/Telephone Order payment, is a transaction that takes place using a virtual payment terminal.
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