What is Virtual Terminal? Definition and Meaning - Ikajo Glossary

Glossary

Virtual Terminal

Virtual Terminal is one of the finest services to enable the transfer of funds via the computer network.

Today, individuals have a lot of ways to conduct payments. But have you ever heard about it? It is a new way of receiving the payments by sellers virtually without any contact with people. The only thing that is very meaningful is access to the Internet connection.

These kinds of terminals are perfect for processing payments across the world. Firstly, it is very easy to pay for a service provided or a purchase of some goods. It enables faraway payments, so is it possible to pay from any corner of the globe. That is why people across the world work with the same terminal in order to get as well as to transmit fees. Moreover, the person can control all the processes the account. Furthermore, this virtual machine is a safe way of money transfers, all the details of each credit card are locked.

Some examples of usage:

Virtual Terminal will replace the existing ATM in the future.

I usually use Virtual Terminal in order to obtain or to transmit some funds.

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