To run a successful business isn’t easy, especially when your business comes under the category of “high risk businesses”. To make it successful, you must have efficient and effective processes in place. Your business’s day to day operations can become more tedious, as well as time-consuming if they are not streamlined and will lead to ineffective practices when it comes to managing payments.
The high risk virtual terminals provide a number of beneficial features as the payment solution, thereby helping your business to perform efficiently. Not only it’s important for a business to have an effective payment solution, but it’s also important for you to have payment options in order to enable your clients, as well as customers in making their decisions on how they want to pay or purchase.
When a business chooses to provide only one payment option to their customers, they tend to face some issues like not receiving the payment on time or customer wanting to pay through different means. In order to prevent such issues in your business, we would like to inform that a high risk merchant account is the only best solution. Read below to learn how the high risk payment gateway will make your business more efficient:
Automated Recurring Bills:
As mentioned earlier, high risk virtual terminals can offer your business with several different features to increase the business’s efficiency and benefit your customers/clients. But, the most notable feature among them is the automated recurring billing feature. With this feature in hand, you can add/remove your customers’ credit card information in a secure way to provide automated monthly billing on a recurring charge.
With high risk payment gateway, you will have a recurring billing template with which you can set up one or more credit card numbers along with customer information. This way, the hassle of having to enter the card numbers manually into the high risk virtual terminals can be prevented. Thus, your staff will be free to carry out the other important business activities that need more attention.
Process the Payments On-The-Go:
With high risk virtual terminals, you don’t have to stress about sending out invoices to your customers for the payment. Here, you will be able to access the web-based portal through any internet-connected device. Be it your tablet, PC, or smart phone, with a virtual terminal, you will have the flexibility of accepting payments anywhere. Moreover, it’s not just about online payments. If your business requires taking orders on the phone or sending out printed or electronic invoices to the customers, a virtual terminal is an ideal fit. It will give your customers the payment options that they wish to use.
Being able to process the payments on-the-go means that you are no longer required to chase down your customers for over-due or missed payments. The convenience is enhanced with the mobile-based payment solution as you will always be able to accept credit cards, no matter where you are.
Online Merchant Portal:
One of the biggest benefits of having a high risk virtual terminal for your business is the online merchant portal. With this feature, you will have access to your business and can monitor the transactions all the time. You can have access to monthly reports for all the payments/purchases that were processed through your virtual terminal. Not only you will be able to view the transactions, but also this feature will allow you to monitor the users who have access to your virtual terminals in real-time.
We would say this is a great feature when it comes to managing all the transactions and if needed, you can inquire to any payment that was made from past months. Furthermore, you can also export the data to your accounting software at any time.
Thus, with the addition of high-risk virtual terminals to your business, not only you can improve your business’s efficiency, but also you can streamline its processes as well. So, why are you still waiting? Contact us for free quotes today!