Paypal Virtual Terminal

Anthony Parsons

Well-known member
Paypal now allow you to take over the phone credit card transactions, being trialled.

$25 monthly fee + transaction fee's + $0.30 transaction fee. Interesting... hope to see the pricing come down in the future, especially < 5000 transactions, which would be a majority in relation to this specific features use, at 3.4% domestic and 4.4% across borders.

Good to see Paypal coming to the party though...


Well-known member
I had a virtual terminal from Chase Manhattan Bank years ago and it was great, but they did charge 17.50 per month every month even if you did not use it.

PayPal offers the same thing now, but if you are new to them they want to place a hold on your funds for 30-45 days, you need perfect credit to qualify for this service also, if you don't they will never take the hold off of your funds, ever !!