To find the best virtual terminal for your business, we looked at many factors, including pricing, features, ease of use and integrations. Some providers, such as eHopper, have no processing fee and no monthly fee because of surcharge and cash discount options. Some virtual terminals require you to pay a monthly fee in addition to a processing fee, whereas others only have a processing fee, such as Square. Be sure to compare different plans and providers to determine which one offers the best value for your business. Common fees include transaction fees, monthly subscription fees and setup fees. You should also consider the fees associated with each plan. Many virtual terminals offer a variety of pricing plans to fit different business needs. Third-party integrations: Ensure the provider integrates with popular delivery apps, accounting software and e-commerce platforms.Ī virtual terminal can be expensive, depending on the provider and the plan you choose. Invoicing: Look for a virtual terminal that includes invoicing and payment reminders.e-Check and ACH processing: This allows you to process payments via electronic checks and ACH transactions.This is helpful to understand your customers’ buying behavior and can even help build loyalty. CRM: Choose a virtual terminal with customer relationship management tools if you need them.This can be a valuable tool for businesses that need to manage large inventories. Inventory management: If you need inventory management, make sure the virtual terminal includes this feature.Scalability: Make sure the virtual terminal can scale with your business as it grows.Security: Ensure that the virtual terminal provider offers secure payment processing.Integrations: Make sure the provider you choose integrates with other software and apps that your business uses.Customer support: Look for a provider that offers 24/7 customer service and technical support. Here are a few other things to consider when choosing a virtual terminal provider: It should also offer features that are important for your business needs such as recurring billing, customer management tools, fraud detection and more. A virtual terminal should be secure, reliable and easy to use. There are a few things to consider when choosing a virtual terminal for your business. Plan availability depends on business type and whether you’re using a Clover partner’s branded POS system.Ĭlover is best for small businesses that want a virtual terminal that can double as a POS system and need features, such as built-in loyalty programs and the ability to add tipping. However, its card-not-present processing fee is almost an entire percentage point higher than other terminals on this list. Clover integrates with QuickBooks and Xero, so businesses can keep track of their finances in one place.Ĭlover offers a variety of plans starting at $14.95, which is reasonable for a point-of-sale (POS) system in general. Clover also offers a wide range of features for retail businesses, including built-in loyalty programs and the ability to add tipping to transactions. With its proprietary Clover app, business owners can turn any smartphone or tablet into a virtual terminal, so businesses can take payments on the go. Learn more: Read our full eHopper review.ĮHopper is best for small businesses that want free processing and don’t need a lot of features. Under the free processing program, businesses can get a free PAX S300 payment terminal, which allows you to process orders both online and in-store. Its free plan is limited to 50 products and 300 transactions per month, whereas its most expensive plan allows for unlimited products and transactions and is best suited for omnichannel businesses. There are four plans available with eHopper, ranging in price from free to $29.99 per month. Free processing works by using a cash discount or credit surcharge, which means that businesses will either pay a processing fee or pass the fee on to their customers. eHopper also supports a wide range of integrations, making it easy to connect your virtual terminal with the rest of your business ecosystem. EHopper snagged the best ranking on our list of virtual terminals because it offers free processing as well as a free plan for low-volume merchants.
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