Merchant-Accounts.ca: The Demystifying Payments Blog

When is a virtual terminal less expensive than traditional POS equipment? For processing card-not-present transactions. If your business takes orders over the phone, online, by fax - or basically in any way where the customers is not physically present, then a virtual terminal will be less expensive than traditional POS equipment.

Credit card tokenization can lower your processing costs and improve the security of your business. Even though it's easy to setup many business owners do not understand what credit card tokenization is or how it works.

Merchants often do not realize how to read their processing statement and determine the effective rate they are being charged per transaction.