Virtual Terminal - Payment Processing

Paystand’s virtual terminal lets your team accept payments anytime, from anywhere—no card reader, no paper, no hassle. Just fast, secure payment processing that works the way you do.

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Get Paid Faster—No Card Reader Required

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

With Paystand’s online virtual terminal, your AR team can:

Take payments over the phone or via email
Enter customer payment details manually in a secure browser
Accept ACH, bank login, or credit card payments instantly
Close out invoices and apply payments without leaving your ERP

Whether you're chasing down overdue invoices, collecting deposits, or fielding a call from a customer ready to pay, your team can get it done in seconds.

It’s the fastest way to turn intent into cash, streamline B2B payment processing, and stay in control of your revenue.

Why Finance Teams Choose Paystand’s Virtual Terminal

Cut Virtual Terminal Fees

Avoid sky-high card processing rates. With Paystand’s B2B network, you can process virtual payments with zero-fee options like ACH and bank login.

Built for AR Workflows

Unlike retail-focused virtual terminal providers, ours is purpose-built for accounts receivable teams. Pre-fill invoices, auto-apply payments, and sync with your ERP.

Frictionless Payer Experience

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

One Gateway, All Payment Types

Accept credit cards, ACH, bank login, and even wires—behind a single virtual terminal payment gateway.

Simplified Payment Experience bluegreen icon

Real-Time Visibility & Controls

Track transactions as they happen. See payment status, fees, and cash flow across locations in one dashboard.

Secure by Design

PCI-compliant and SOC 2 Type II certified, Paystand keeps every virtual terminal payment secure and auditable.

CASE STUDY

How Edgewood Healthcare Streamlined AR with Paystand

Edgewood Healthcare cut transaction costs by 60%, reduced manual errors by 99%, and reclaimed 25% of their team’s time after switching to Paystand’s automated virtual terminal and AR suite.

Read the Full Case Study

Your AR Process, Supercharged

Traditional virtual terminals are made for small retailers, not complex B2B businesses. Paystand changes that.

Our online virtual terminal fits right into your existing AR workflow:

Pre-fill invoice data from your ERP
Automate recurring payments
Trigger reminders and dunning from within the terminal
Apply payments to customer accounts instantly
Push data back to your GL for clean reconciliation

It’s more than a terminal; it’s a payments command center for your finance team.

Frequently Asked Questions

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

No Swipe, No Problem: Meet Your B2B Virtual Terminal