Capturing the Magic—Unconventional Business Models Reinvent the Marketplace

As you’ve seen from recent blog posts, AVP Solutions understands that younger entrepreneurs are reinventing…

What is a Virtual Merchant?

Any type of website that sells products or services online is known as a virtual merchant, because the payment transactions occur digitally. Even if you ship physical products to the customers who made the purchase, you still fall within the definition of a virtual merchant since the purchase was initiated online and all of the payment was made in a digital manner.

What Is a Website Merchant Account?

A website merchant account allows you to accept payments online. Just like in a store, people need to be able to pay for your products or services and instead of swiping their credit card or handing you a check; they can simply enter their information on your website and make payment that way. You need a merchant account for your website whether you sell products or services partially online or wholly online so that you can make hassle-free sales.

Do You Need a Virtual Merchant Account?

If you sell products or services via a website, you are considered a virtual merchant and a virtual merchant account will allow you to process payments online. This type of account allows you to process transactions online anywhere that you have an internet connection.

What Is a Virtual Merchant Account?

A virtual merchant account allows you to enter sales online from wherever you have an internet connection. Whether you are a virtual merchant or a brick and mortar business, this type of account can benefit you. While a virtual merchant usually processes many or all of their orders via their website, therefore requiring a way to process payments, a brick and mortar business who may not offer the option to place orders online benefits from a virtual merchant account in ways that include:

Credit Card Processing with a Virtual Terminal

How many times have you had a customer that wanted to purchase your product or service but you were unable to process the transaction.  These situations usually occur when the credit card holder is not present and you potentially lose the sale.  That doesn’t have to happen any longer.