TakePayments Virtual Terminal

By Olivia Johnson - Trusted UK Business Expert

Last Updated 8th of December 2024

4 minute read

Are you looking for a simple way to accept payments over the phone or through email? TakePayments Virtual Terminal could be the solution for your business. We’re here to help you understand how it works and how it can fit into your payment process.

TakePayments Virtual Terminal allows businesses to take card payments remotely through a web-based platform. You can process payments without needing a physical card reader, making it ideal for businesses that operate remotely or accept payments over the phone or via email.

Curious to learn more about the benefits and features of TakePayments Virtual Terminal? Keep reading to discover how this service can help streamline your payment process and enhance your business operations.

Need a simple way to take payments remotely? Discover how TakePayments Virtual Terminal can help! Click the link below to learn more.

Overview of TakePayments Virtual Terminal

Takepayments Virtual Terminal, previously known as Payzone, offers various payment solutions like card machines, payment links, ecommerce tools, and a virtual terminal for Mail Order and Telephone Order (MOTO) payments. Transactions go through Barclaycard Business, a reliable payment processor.

Key Features

TakePayments’ Virtual Terminal is a service designed to allow businesses to accept card payments over the phone or via mail order without the need for a physical card machine. Here are the key features:

• Smooth Payment Process: Easy to use on desktop but not great for mobile.
• Multi-Currency Support: Works with GBP, USD, and EUR.
• Competitive Fees: Custom fees with some free transactions included.
• Preauthorisations and Refunds: Useful tools for holding and refunding payments.
• Quick Payouts: Money goes to your bank account in two days.

These features make the TakePayments Virtual Terminal a versatile and secure solution for businesses looking to accept remote card payments.

• User Interface: The virtual terminal works through a web browser. It looks a bit old and can be hard to read if you have poor eyesight. It’s best used on a computer because it’s not very mobile-friendly.
• Payment Process :To take a payment, you enter the amount, currency, transaction type, and order ID. You also need the customer’s name, card number, expiry date, and CV2 code. The system is flexible and lets you fix mistakes in billing addresses or CV2 codes if needed.
• Fees and Contracts : The cost depends on your business size, card turnover, and transaction value. There’s a 12-month contract with a monthly or yearly fee. No setup fee, but if you cancel early, there’s a fee. The plan includes a set number of free transactions each month, and extra ones have a fee.
• Best Suited For : Takepayments Virtual Terminal is great for businesses that often take phone payments with high transaction amounts. It’s ideal for beauticians, car dealerships, retailers, antique dealers, restaurants, hotels, and other professional services. It’s also good for businesses with subscription services.
• Limitations :
  • Small Transactions: Not ideal for small transactions like those in cafes or off-licences due to higher fees.
  • Mobile Use: Not optimized for mobile devices, which can be a problem for businesses on the move.

Need a flexible way to accept remote payments? TakePayments Virtual Terminal offers a secure, easy-to-use solution that allows you to process card payments from anywhere. Start simplifying your payment process today!

Getting Started

To start, fill out an online form on their website. You’ll get a call from a sales rep. Read the contract carefully before signing. You might need to complete PCI-DSS documents, and Takepayments can help with that.

Customer Service

Takepayments offers support during office hours, seven days a week. While the interface might be tricky, customer support and a user guide are there to help.

Verdict

Takepayments Virtual Terminal is reliable for phone payments. It includes necessary features like preauthorisations, refunds, and transaction history. But it doesn’t integrate with other software and isn’t mobile-friendly. Still, it’s a cost-effective option for businesses needing regular phone payments.

FAQ

What is Takepayments Virtual Terminal best suited for?

Takepayments Virtual Terminal is best suited for businesses that frequently handle phone payments with high transaction amounts, such as beauticians, car dealerships, retailers, antique dealers, restaurants, hotels, and professional services.

How does the payment process work?

To process a payment, you need to enter the amount, currency, transaction type, order ID, customer’s name, card number, expiry date, and CV2 code. The system allows corrections for billing address or CV2 code mistakes.

What are the fees and contract terms?

Fees depend on your business size, card turnover, and transaction value. There’s a 12-month contract with no setup fee, but early cancellation incurs a fee. The plan includes some free transactions each month, with additional transactions charged.

Does Takepayments Virtual Terminal support multiple currencies?

Yes, it supports GBP, USD, and EUR.

Is the virtual terminal mobile-friendly?

No, the virtual terminal is not optimized for mobile devices and is best used on a desktop computer.

How long does it take to receive payouts?

Payouts are typically deposited into your bank account within two days.

What customer support does Takepayments offer?

Takepayments provides customer support during office hours, seven days a week, along with user guides to assist with any issues.

What happens if I cancel my contract early?

Early cancellation incurs a penalty fee.

How do I get started with Takepayments Virtual Terminal?

To get started, fill out an online form on their website. A sales representative will contact you to discuss details. Make sure to read the contract carefully before signing.

What additional features does Takepayments Virtual Terminal offer?

The terminal includes preauthorisations, refunds, and transaction history, providing a comprehensive payment solution for businesses.

Need a reliable way to take payments over the phone? Try Takepayments Virtual Terminal! It’s perfect for businesses with big transactions and remote payment needs. Start now by filling out the form on their website and see how Takepayments can help your business grow.