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A virtual terminal is a software solution for accepting credit card payments using your computer. You need to be online, as it is a front-end connection to a payment gateway, which processes the payment. Think of it as the virtual equivalent of a point-of-sale terminal, where you swipe your credit card. As a matter of fact, you can use an optional card reader that plugs directly into your computer to swipe and store credit card information. Typically, small business owners or travelling sales use a virtual terminal, since it is a portable payment solution without the cost of physical hardware.

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