Accepting card payments remotely, without a physical card reader, involves several methods. These include manual entry of card details through a virtual terminal, payment gateways integrated with online platforms, and mobile card readers connected to smartphones or tablets. An example would be a business owner entering their customer’s card information into a secure online form to process a transaction.
This capability provides significant advantages for businesses, particularly for those operating online or with mobile operations. It expands market reach by enabling transactions with customers regardless of their location. Moreover, it streamlines operations, reducing reliance on cash handling and associated security risks. The development of secure online payment gateways has been essential to the growth of e-commerce and remote transactions, facilitating the shift away from traditional point-of-sale systems.