What Is A Virtual Terminal For Credit Card Processing? A virtual terminal is a method of accepting credit and debit card payments using your computer. Businesses enter the card details on behalf of a customer into a secure online form. Card information can be manually entered (keyed) or swiped if an optional card swiper is used. Virtual terminals are internet-based, meaning there’s no software to download, and the terminal can be accessed from any internet-connected computer. With a virtual terminal, you can log in to your account to process payments and view reports from the terminal “dashboard” or menu. Virtual terminals are frequently used in one location, such as a home office, but they can be used in different locations. For example, a virtual terminal that is usually used at the office could be brought on the road for a tradeshow. What's The Difference Between A Virtual Terminal And A Payment Gateway? A virtual terminal allows you as the business t