![]() PaymentCloud: Best Virtual Terminal for High-risk Businesses While we prefer Chase Merchant Services for B2B sales, Payment Depot also offers credit card processing with Level 2 and 3 rates through PayTrace. Other FSB reviewers have had similar experiences, and the user reviews also call out the great service. The support person was friendly, helpful, and did not try to hard-sell me anything. I sent a question via the contact form and got a call minutes later. We give Payment Depot kudos for customer support. It also reprograms your POS equipment for free. Specific features will vary but Payment Depot itself integrates with QuickBooks, POS systems, and other software. Your sales representative will help you find the best one, along with POS software and equipment. Unlike most of the products on this list, Payment Depot does not have its own virtual terminal, but gives you a choice of several such as, SwipeSimple, PayTrace, and NMI. Payment Depot offers several virtual terminals, depending on the plan you purchase. We've also liked Payment Depot for general merchant services and restaurant payment processing. However, chargeback protection is included in its membership price, and it fares well for ease of use, integrations, and reputation. It lost the most points for its steep monthly fee. Like most on this list, it loses points for not supporting high-risk businesses. The virtual terminals generally don't include inventory-check Square for that. Payment Depot earned 3.81 out of 5 in our evaluation. It offers a choice of free third-party virtual terminals and makes our list for the strength of the payment processing. While it does not work for high-risk businesses or businesses outside the US, it is worth considering for any business with high-ticket sales. Payment Depot is one of our top picks for the cheapest credit card processing companies, and that includes virtual payment 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. You will also find Clover on our list of the best mobile payment processors. However, the virtual terminal integrates with the POS system, handles invoices and recurring payments, and is generally easy to use. Clover lost points for requiring a monthly fee to access the virtual terminal feature, and for not monitoring its resellers, so you get a mix of great and terrible. It's a feature-rich system and, with the right merchant service, extremely affordable. It provides you with Clover software, dashboard, and end-to-end encryption of all payments you accept over the phone, in person, or through an invoice.įor this update, Clover's overall score slightly improved to 3.88 out of 5. Its system comes with a free virtual terminal which you can subscribe to without the hardware at $14.95 a month. As such, you can shop around for the payment processor that works best for your business. PayPal: Best Virtual Terminal for Solopreneurs & Occasional SellersĬlover is a highly popular POS system because it's offered by so many merchant services. 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. Chase's Orbital Virtual Terminal lets you save customer data including card information to use again.
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