Virtual terminal
Virtual terminal is a merchant-initiated method. Customers pay by: take a payment on the customer's behalf from your dashboard.
- Category
- Invoicing & payment requests
- Type
- Merchant-initiated
- Customer experience
- Take a payment on the customer's behalf from your dashboard
- Currencies
- EUR, GBP, USD
- Markets
- All supported markets
- Recurring
- Supported where the scheme allows
- Refunds
- Full and partial
- Payment links
- Supported
- Hosted checkout
- Not supported
- API
- Supported
- Settlement
- Follows the payment method the customer chooses
Available through The Vision Bank
On the roadmap. Not yet contractable — timing depends on partner and licensing progress.
Availability depends on your merchant country, legal entity, customer country, industry, risk classification, currency, product and payment-partner coverage. Nothing on this page is an offer of service.
Check eligibilityPricing for Virtual terminal
One rule everywhere: the underlying provider cost plus a $1.00 per transaction Vision markup. Scheme, network and FX charges are always shown separately, at cost.
- Underlying provider cost
- No fee to issue or send an invoice
- Vision markup
- $1.00 per transaction
- What you pay
- Underlying method cost + $1 per settled invoice
- Scheme & network charges
- Whatever the chosen method carries, itemised separately
- Currency conversion
- Depends on the method used
- Settlement
- Follows the underlying method
Partner infrastructure
Virtual terminal is processed through regulated infrastructure. Partner identities are disclosed only where the relationship is confirmed and cleared for publication.
Tier 1 banking partners
Large, systemically important banks that hold client funds, issue IBANs and clear major currencies.
Same-day to T+1 in the settlement currency
Licensed payment partners
Regulated payment institutions and acquirers that hold the scheme memberships and licences required to process a method.
T+1 to T+5 depending on scheme and risk profile
Eligibility & requirements
Every merchant
- · A registered business entity with incorporation documents
- · Identification for directors and beneficial owners (KYC / KYB)
- · Description of the business model, products and customer base
- · Expected monthly volume, average transaction size and target markets
- · A live website or product with clear terms, refund and privacy policies
- · Sanctions, AML and risk screening of the entity and its owners
Entity
- · Registered entity
- · Approved underlying methods
Technical
- · No integration required — invoices are issued from the dashboard
Compliance
- · Local invoicing and tax requirements