What types of businesses use virtual terminals?

B2B companies, service providers, finance teams, and wholesale businesses commonly use virtual terminals to process payments without a physical POS system.

How does using a virtual terminal benefit my business?

You can accept payments faster, reduce errors, and eliminate reliance on in-person or mailed checks. It’s especially useful for remote finance teams or over-the-phone collections.

Is Paystand's virtual terminal secure for processing payments?

Yes. Paystand is PCI-compliant, SOC 2 certified, and uses encryption to protect all transactions. We also offer advanced controls to manage permissions and reduce fraud.

What are the benefits of using Paystand's virtual terminal?

Lower fees, full ERP integration, automated reconciliation, and access to our zero-fee B2B network—all built into one platform designed for AR professionals.

Virtual Terminal for B2B Payments

Q: What is a virtual terminal and how does it work?

A virtual terminal is a browser-based tool that lets you manually input payment information to process transactions—no card reader needed. It’s ideal for phone, email, and mailed-in payments.

Paystand's virtual terminal lets your AR team process one-time and on-demand payments by phone, email, or link — securely, instantly, and directly inside your ERP workflow.

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Get Paid Faster — On Demand

A virtual terminal gives your team the power to accept one-time or on-demand payments anytime, anywhere — without waiting on mailed checks, physical POS systems, or back-and-forth emails.

With Paystand's virtual terminal, your AR team can:

Take manual payments over the phone or via email
Enter customer payment details securely in any browser
Accept ACH, bank transfers, or credit cards instantly
Close out invoices and apply payments without leaving your ERP
Post directly to your GL for clean, audit-ready reconciliation

Why Finance Teams Choose Paystand’s Virtual Terminal

Zero-Fee Payment Options

Avoid sky-high card processing rates. With Paystand's B2B network, process virtual terminal payments via ACH and bank transfers at zero transaction fees.

Built for AR — Not Retail

Unlike consumer-grade virtual terminal providers, Paystand's is purpose-built for B2B accounts receivable. Pre-fill invoices, auto-apply payments, and sync with your ERP in real time.

Frictionless Payer Experience

No logins. No portals. Send a secure payment link and your customer pays instantly — on desktop or mobile — with the method that works best for them.

One Gateway, All Payment Methods

Accept credit cards, ACH, and bank transfers through a single virtual terminal payment gateway. No separate integrations, no duplicate reconciliation.

Simplified Payment Experience bluegreen icon

Real-Time Transaction Visibility

Track every payment as it happens. Monitor status, fees, and cash position across your entire AR portfolio from a single dashboard.

PCI-Compliant and Audit-Ready

Paystand is PCI-compliant and SOC 2 Type II certified. Every virtual terminal transaction is encrypted, logged, and available for audit at any time.

Your AR Process, Supercharged

Traditional virtual terminals are built for small retailers — not complex B2B finance operations. Paystand fits directly into your existing AR workflow:

Pre-fill invoice data pulled from your ERP
Apply payments to customer accounts automatically
Trigger follow-ups and dunning without leaving the terminal
Push reconciled data back to your GL instantly
Maintain a complete, clean audit trail across every transaction

Frequently Asked Questions

1. What is a virtual terminal and how does it work?

A virtual terminal is a browser-based tool that lets your team manually process one-time payments — no card reader required. It's designed for phone orders, email requests, and manual payment collection in B2B environments.

2. How is a virtual terminal different from recurring payments?

A virtual terminal is built for on-demand, one-time transactions where your team initiates each payment manually. Recurring payments are automated on a schedule. Paystand supports each through distinct, purpose-built workflows.

3. What payment methods does Paystand's virtual terminal support?

Paystand's virtual terminal accepts ACH, bank transfers, and credit cards — all through a single gateway, with zero-fee options available via our B2B payment network.

4. Is Paystand's virtual terminal secure?

Yes. Paystand is PCI-compliant, SOC 2 Type II certified, and uses end-to-end encryption on all transactions. Role-based access controls and a full audit log are included by default.

5. How does the virtual terminal integrate with my ERP?

Paystand integrates natively with NetSuite, Sage Intacct, Microsoft Dynamics, Acumatica, and others. Invoice data pre-fills automatically, payments apply on posting, and reconciliation data syncs back to your GL — no manual entry required.

Accept Any B2B Payment, On Demand — No Card Reader Required