If you accept credit card payments through a MOTO merchant account from Instabill, you will have access to our free virtual terminal application. The virtual terminal allows merchants to enter their customer’s payment information into the payment gateway quickly and easily, making it an invaluable payment processing tool for all MOTO merchants.
Why Virtual Terminal Merchants are Considered High Risk
Because Instabill is a veteran high risk payment processor (since 2001), we draw plenty of inquiries from merchants who wish to process payments solely via a virtual terminal. Between 5-10 years ago, it was much easier to accommodate then, but acquiring banks are leery of such arrangements now. Merchants who operate solely by VT are considered the highest of the high risk for several reasons:
- Acquiring banks and payment processors are unable to actually see what the merchant is selling.
- Merchants could enter the wrong credit card information – number, expiry date and CVV code – resulting in a chargeback.
- Merchants may write credit card information on scratch paper – but what happens and who sees that piece of scratch paper?
What Instabill recommends to All VT Merchants
We do our collective best to provide virtual terminals to merchants who qualify. In recent months, we’ve found that our acquiring banking partners are hesitant to offer virtual terminals to merchants who do not have websites detailing products and services, as well as refund policy and contact information.
Merchants will improve their chances of acquiring a virtual terminal should they have a website with the aforementioned details.
Why accepting payments by phone is important
Networks malfunction and go down. Websites unexpectedly go dark. It is vital for businesses to be able to accept credit card payments over the telephone in these such occasions.
Instabill’s MOTO Merchant Services
Instabill offers a variety of merchant services to e-commerce businesses worldwide. If you are seeking a MOTO merchant account, Instabill has the solution for you. Along with our quick application process, you will find a team of expert merchant account managers dedicated to helping you start accepting credit card payments from popular brands like Visa and MasterCard as soon as possible. Contact us online or call us at 1-800-318-2713 to get started today.
Connect To The Secure Payment Gateway Of Your Acquiring Bank
When your website is integrated with an Instabill payment gateway, merchants can log on to the merchant panel interface in seconds. Once you select the virtual terminal tool, you will be directed to a secure page where you can follow the steps to entering payment information. You will also have the ability to monitor the status of your processed payments and see whether they are approved or denied by the bank.
Multiple Users Welcome
If you are too busy running your business to enter payment information, you can enable other users to do so through the user management interface. You also have the option to give your employees total access or restrict them to solely entering credit card information to accept payments. Additionally, since the terminal is completely secure, none of your important data will be vulnerable.
Consultants For The Life Of Your Merchant Account
At Instabill, our expert merchant account managers are always willing to assist you or answer any questions you may have. The Instabill support and FAQ pages offer many solutions and answers regarding our merchant services. If you cannot find the answers you are looking for, you can also contact our staff at 1-800-530-2444, Monday-Friday from 8 a.m. to 6 p.m. US eastern time.