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The IPS Package
Authorize.Net Virtual Terminal
The
Authorize.Net Virtual Terminal is a secure, browser-based interface that
enables businesses to authorize, process and manage credit card transactions
from any computer that has an Internet connection and a Web browser. Virtual
Terminal replaces standard authorization terminals or software, and provides
the best solution for merchants who manually enter credit card transactions for
mail or phone order sales.
Virtual Terminal
suits businesses of all sizes because it reduces the complexity and expense
normally associated with authorizing and processing credit card transactions.
It's also much faster than standard dial-up authorization systems.
Businesses with
an Authorize.Net account may access the Virtual Terminal through the
Authorize.Net Web site using any Web browser. After logging into their
Authorize.Net account using a unique user ID and a password, merchants can
access the complete range of Authorize.Net services -- authorizations for
purchases, credits and returns, status and activity reports, and much more.
To authorize
credit card transactions, the merchant must complete an electronic form that
provides the Authorize.Net system with the information it needs to complete the
transaction. This information is encrypted using the latest 40 or 128-bit
Secure Socket Layer (SSL) 3.0 technology and is sent to an Authorize.Net host
server. The server then sends the data through the authorization network to the
appropriate card issuer's bank using a secure, proprietary connection. When the
process is complete -- this usually takes around three seconds -- the merchant
receives an authorization number, and the Authorize.Net server stores the
transaction. Transactions are automatically settled each day and are typically
funded within two to three business days.
Merchants can
also check the status of transactions and run a variety of reports right from
the Authorize.Net Merchant Interface.
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