--- title: Virtual Merchant Accounts | PayJunction description: Opting for a virtual merchant account means heaps of benefits for your business. Read on to learn three ways one can help yours. image: https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/virtual-merchant-accounts.svg --- [tel:1-800-601-0230](tel:1-800-601-0230) 800-601-0230 - Features - Solutions - Developers - [Pricing](https://www.payjunction.com/payments/pricing.html) - Resources [See a Demo](https://www2.payjunction.com/tour-payjunction) Features - EXPLORE PRODUCTS [No-code Payments Integration®](https://www.payjunction.com/payments/no-code-payments-integration.html) [ZeroTouch Terminal](https://www.payjunction.com/payments/smart-terminal.html) [Portable Terminal](https://www.payjunction.com/payments/portable-credit-card-reader-terminal.html) - ACCEPT PAYMENTS [Invoices](https://www.payjunction.com/payments/electronic-invoices.html) [ACH Electronic Checks](https://www.payjunction.com/payments/ach-payments.html) [SmartSurcharge®](https://www.payjunction.com/payments/smart-surcharge.html) [Cards on File](https://www.payjunction.com/payments/store-credit-card-info.html) [Rapid Refunds](https://www.payjunction.com/payments/credit-card-refund.html) [Recurring Billing](https://www.payjunction.com/payments/recurring-payments.html) [Ecommerce](https://www.payjunction.com/payments/ecommerce-merchant-services.html) [Mobile App](https://itunes.apple.com/us/app/payjunction/id1324839420?ls=1&mt=8) - EXPLORE CAPABILITIES [Overview](https://www.payjunction.com/payments/payment-processing-solutions.html) [Integration Marketplace](https://integrations.payjunction.com/) [Remote Signature](https://www.payjunction.com/payments/signature-capture.html) [Multi-Location](https://www.payjunction.com/payments/enterprise-payments.html) [Sales Reports](https://www.payjunction.com/payments/sales-reports.html) [Search and Export](https://www.payjunction.com/payments/transaction-history-search.html) [Customization](https://www.payjunction.com/payments/custom-payment-software.html) Solutions - [Veterinary Streamline payment workflows and get paid faster with up-front deposits and payment schedules for high-cost procedures. Get time back and spend it with furry patients.](https://www2.payjunction.com/payment-processing-veterinarians) - [Dental Simplify patient payments with multiple means of collection at your dental practice. Meet patient expectations and elevate the payment experience.](https://www2.payjunction.com/payment-processing-dentists) - [Auto Dealer Manage dealership payments by department, brand and location. Get automated reports for simplified end-of-day close and save on processing fees.](https://www2.payjunction.com/automotive-merchant-services) Developers - [API Documentation See how to embed omnichannel payment features into your software, using your choice of our intuitive integration methods.](https://developer.payjunction.com/) - [Developer Experience Explore the developer journey and learn how our full-service partnership model helps you maximize merchant payment adoption rates.](https://www.payjunction.com/payments/payment-api.html) - [No-code Payments Integration® Rapidly integrate payment acceptance features into any SaaS application in minutes using our easy-to-use Chrome browser extension.](https://www.payjunction.com/payments/no-code-payments-integration.html) - [Integration Marketplace Check out our growing marketplace of integrated solution partners that streamline payment acceptance and help businesses automate and scale.](https://integrations.payjunction.com/) [Pricing](https://www.payjunction.com/payments/pricing.html) Resources - [About Us Learn how our people-first culture at PayJunction helps us earn widespread recognition and awards.](https://www.payjunction.com/payments/about.html) - [Careers Join us in our pursuit to deliver exceptional experiences to customers and partners.](https://www2.payjunction.com/careers) - [Support Get helpful information about how to use features, troubleshoot problems and contact us.](https://support.payjunction.com/) - [Blog Gain useful insights into payment industry trends and PayJunction solutions.](https://blog.payjunction.com/) - [Guides Up your payment processing knowledge with our in-depth eBooks and White Papers.](https://guides.payjunction.com/) - [Tutorials Read articles and watch videos about how to use valuable features on the PayJunction platform.](https://blog.payjunction.com/topic/pj-university) # Streamline Business Operations with Virtual Merchant Accounts ![Streamline Business Operations with Virtual Merchant Accounts](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/virtual-merchant-accounts.svg) [![Picture of PayJunction Team](https://blog.payjunction.com/hs-fs/hubfs/PayJunction%20Logo%20Cropped%20-%20Vertical%20Grey.png?width=48&height=48&name=PayJunction%20Logo%20Cropped%20-%20Vertical%20Grey.png) PayJunction Team](https://blog.payjunction.com/author/payjunction-team) 9/17/2019 While there are many services that are essential for keeping the lights on and running your business, your merchant account might ultimately be the most important of all. Why? Because it’s the service that gets you paid. A [merchant account](https://blog.payjunction.com/merchant-credit-card-processing/) allows you to accept payment with credit or debit cards. Once you select a Merchant Service Provider, [apply](https://blog.payjunction.com/merchant-account-setup/) and configure your account, this provider manages the complex underlying work of processing card transactions, working behind the scenes with your Payment Gateway, the Card Associations and your bank account to deliver customer payments into your account. If your business has multiple bank accounts or both brick-and-mortar and e-commerce operations, you will require separate merchant accounts for each. And while in-person payments will require a physical [point-of-sale (POS) credit card terminal](https://blog.payjunction.com/credit-card-terminal-guide/), running cards online requires a virtual merchant account that connects with your [Payment Gateway](https://blog.payjunction.com/payment-gateway-definition/). Sound complicated? Accepting online credit and debit card payments certainly can be, because it requires you to deal with additional providers (and yes, bills). But unlike, say, taxes, the added complexity of getting paid virtually is not a certainty – conversely, if you choose your virtual Merchant Account Provider right, it can help you to consolidate and streamline some of your financial operations. If you’re looking to make life – or at least managing payments – a little simpler, here are three important ways a [Virtual Terminal](https://blog.payjunction.com/virtual-terminals-everything-to-know/) can help. ## Payment Processing Demo Schedule 15 minutes with a payments expert Get a customized PayJunction product walk-through Understand requirements and pricing Determine your SAVINGS! GET DEMO NOW ## Look for a Virtual Merchant Account That Can Handle All Your Accounts While business growth is good, it often brings with it added complexity. If you have [multiple business locations](https://blog.payjunction.com/manage-multiple-locations/) or both brick-and-mortar and Internet-based storefronts, then you are probably all too familiar with the hassles of managing multiple bank accounts for incoming payments. For each account, there’s separate reconciling and reporting, and measuring and comparing performance across locations or units can be an onerous task. Even worse, each provider you work with to administer these separate accounts will have its own fee model and payment schedule, and you’ll have to stay on top of each of those bills every month. But this financial complexity isn’t a necessary evil. PayJunction’s Virtual Terminal allows businesses to manage all their merchant accounts on one platform using a single login. But its [sophisticated reporting features](https://blog.payjunction.com/payjunction-business-reporting/) are the part that truly help businesses to streamline on the back end. Typically, managing multiple merchant accounts requires a considerable amount of manual number crunching. With the Virtual Terminal, you can both pull up batch reports and transaction reports by account or generate high-level and more granular statements with side-by-side comparisons of sales by channel or location, and other useful metrics. ## A Virtual Merchant Account Can Eliminate the Hassle of Running Regular Payments [Recurring payment models](https://blog.payjunction.com/recurring-billing-benefits/) can be a boon for your business because instead of having to win customers again and again, month-after-month, you are assured of having regular, ongoing income. The downside to such models is that actually getting your money can add hassle to your workflow: you must have a [secure way of storing customers’ payment information](https://blog.payjunction.com/tokenization-explained/) and authorizations (or track down this information from the cardholder each time you need to run their payment), and you’ll have to remember to process the transaction at very specific times. A virtual merchant account that is equipped with the right technology can eliminate these snags. PayJunction’s Virtual Terminal, for example, allows you to set up automatic recurring payments on the schedule of your choosing. Simply set up an ongoing transaction and seek the customer’s authorization once, and rest assured that each subsequent transaction will run according to your specifications. ## A Virtual Merchant Account Can Reduce Paperwork [Paper](https://blog.payjunction.com/paperless-office-tips/) can be the bane of your business’s existence. While it’s important to retain transaction records, the logistics of doing so can add cost and inconvenience (not to mention take a toll on the [health of both your employees and the planet](https://blog.payjunction.com/paper-receipts-impact/)). For starters, if you store transaction records in their physical format, you’ll have to pay for paper and ink to print off your records and incur ongoing costs for physical storage space. And if you do have to retrieve a record for any reason, you may have to sift through hundreds of receipts to find the one you need. But throw out those old records at your peril: in the event of a [chargeback](https://blog.payjunction.com/chargeback-definition-chargeback-fraud/) or fraud dispute, you’ll want to be able to pull the right record quickly to prove your position. Your virtual Merchant Account Provider can help you get out from that mountain of paper by offering [secure cloud-based storage](https://blog.payjunction.com/credit-card-on-file-benefits/). Storing customer card details and transaction records online means you can quickly and efficiently access information such as authorization signatures should you need them; meanwhile, working with a provider that is [PCI compliant](https://blog.payjunction.com/pci-compliance/) allows you to rest assured that this sensitive information is protected by the highest standards of cyber-security. ## Ready to make the switch? [![GET A VIRTUAL MERCHANT ACCOUNT](https://no-cache.hubspot.com/cta/default/635739/0631331d-269a-44b4-ab32-e4f7a5f0b380.png)](https://cta-redirect.hubspot.com/cta/redirect/635739/0631331d-269a-44b4-ab32-e4f7a5f0b380) Does your business have a virtual merchant account? Aside from merely enabling online transactions, what have you found to be the best hidden benefit so far for streamlining your business operations? We’d love to hear about your experience in the comments below. [Merchant Account](https://blog.payjunction.com/topic/merchant-account) --- ##### [![5 Tips for Hassle Free eCheck Payment Processing](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/echeck-payment-processing.svg) 5 Tips for Hassle Free eCheck Payment Processing](https://blog.payjunction.com/echeck-payment-processing) ##### [![How to Eliminate Your Payment Gateway Bill](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/payment-gateway-bill-e-commerce.svg) How to Eliminate Your Payment Gateway Bill](https://blog.payjunction.com/payment-gateway-bill-e-commerce) ###### About Author ![Picture of PayJunction Team](https://blog.payjunction.com/hs-fs/hubfs/PayJunction%20Logo%20Cropped%20-%20Vertical%20Grey.png?width=200&height=200&name=PayJunction%20Logo%20Cropped%20-%20Vertical%20Grey.png) ### PayJunction Team Content written by the PayJunction team encompasses broad business topics including marketing, brick-and-mortar business operations and management. ###### Related Posts ## [![How to Eliminate Your Payment Gateway Bill](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/payment-gateway-bill-e-commerce.svg) How to Eliminate Your Payment Gateway Bill Setting up your credit card processing can certainly be confusing. There are numerous middlemen involved and, depending on whether you sell your goods through a brick-and-mortar store or online, you might have to familiarize yourself with different setups.](https://blog.payjunction.com/payment-gateway-bill-e-commerce) ## [![Internet Merchant Account: 5 Tips for Integrating](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/internet-merchant-account.svg) Internet Merchant Account: 5 Tips for Integrating Selling online is becoming an important business strategy, for both businesses born in the e-commerce era and brick-and-mortar businesses looking to grow their customer base and sales volume. But those who do not have experience accepting customer payments online may be wondering about the ins and outs of processing e-commerce payments.](https://blog.payjunction.com/internet-merchant-account) ## [![5 Tips for Hassle Free eCheck Payment Processing](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/echeck-payment-processing.svg) 5 Tips for Hassle Free eCheck Payment Processing Hands up if you can’t wait until the day the phrase “the check is in the mail” becomes totally obsolete. Though checks persist as a common payment form, and one some of your customers may prefer, they can really slow down your payments and be a pain to deal with: first you have to wait for a paper check to arrive in the mail, then you have to drive to the bank to make a deposit (or wait for enough checks to accumulate to make the time spent on this task worthwhile), and then you have to wait several more days for the check to clear.](https://blog.payjunction.com/echeck-payment-processing) ## Meet a Payment System You’ll Love - ###### FEATURES [No-code Payments Integration®](https://www.payjunction.com/payments/no-code-payments-integration.html) [ZeroTouch Terminal](https://www.payjunction.com/payments/smart-terminal.html) [Portable Terminal](https://www.payjunction.com/payments/portable-credit-card-reader-terminal.html) [Invoices](https://www.payjunction.com/payments/electronic-invoices.html) [ACH](https://www.payjunction.com/payments/ach-payments.html) [SmartSurcharge®](https://www.payjunction.com/payments/smart-surcharge.html) [Cards on File](https://www.payjunction.com/payments/store-credit-card-info.html) [Recurring Billing](https://www.payjunction.com/payments/recurring-payments.html) - [Ecommerce](https://www.payjunction.com/payments/ecommerce-merchant-services.html) [Customization](https://www.payjunction.com/payments/custom-payment-software.html) [Remote Signatures](https://www.payjunction.com/payments/signature-capture.html) [Rapid Refunds](https://www.payjunction.com/payments/credit-card-refund.html) [Multi-Location](https://www.payjunction.com/payments/enterprise-payments.html) [Sales Reports](https://www.payjunction.com/payments/sales-reports.html) [Search and Export](https://www.payjunction.com/payments/transaction-history-search.html) [Mobile App](https://itunes.apple.com/us/app/payjunction/id1324839420?ls=1&mt=8) - ###### BUSINESS SOLUTIONS [Auto Dealers](https://www2.payjunction.com/automotive-merchant-services) [Veterinary](https://www2.payjunction.com/payment-processing-veterinarians) [Dentistry](https://www2.payjunction.com/payment-processing-dentists) - ###### RESOURCES [Product Overview](https://www.payjunction.com/payments/payment-processing-solutions.html) [Integrations](https://integrations.payjunction.com/) [Blog](https://blog.payjunction.com/) [Guides](https://guides.payjunction.com/) [Support](https://support.payjunction.com/) [Service Status](https://status.payjunction.com/) [Tutorials](https://blog.payjunction.com/tag/pj-university/) [API](https://www.payjunction.com/payments/payment-api.html) - [Trust Center](https://trust.payjunction.com/) [Request a Demo](https://www2.payjunction.com/payjunction-demo) [Pricing](https://www.payjunction.com/payments/pricing.html) [About Us](https://www.payjunction.com/payments/about.html) [Careers *HIRING*](https://www2.payjunction.com/careers) [Press](https://media.payjunction.com/) - ###### RESOURCES [Integrations](https://integrations.payjunction.com/) [Guides](https://guides.payjunction.com/) [Tutorials](https://blog.payjunction.com/tag/pj-university/) [API](https://www.payjunction.com/payments/payment-api.html) [Request a Demo](https://www2.payjunction.com/payjunction-demo) [About Us](https://www.payjunction.com/payments/about.html) [Careers *HIRING*](https://www2.payjunction.com/careers) [Press](https://media.payjunction.com/) [Trust Center](https://trust.payjunction.com/) [Service Status](https://status.payjunction.com/) - ###### BUSINESS SOLUTIONS [Auto Dealers](https://www2.payjunction.com/automotive-merchant-services) [Veterinary](https://www2.payjunction.com/payment-processing-veterinarians) [Dentistry](https://www2.payjunction.com/payment-processing-dentists) ##### 800-601-0230 SIGN UP FOR OUR NEWSLETTER  Become a better advocate for your business. Get Email Updates GO Thank you for subscribing! PayJunction is a Level 1 PCI Compliant Provider. PayJunction is a registered ISO of PNC Bank, N.A., Pittsburgh, PA. © 2026 PayJunction. All rights reserved. [Privacy Policy](https://support.payjunction.com/hc/en-us/articles/211053648) and [Terms of Use](https://support.payjunction.com/hc/en-us/articles/211053628). ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "PayJunction Team" }, "dateModified" : "2023-04-04", "datePublished" : "2019-09-17", "description" : "Opting for a virtual merchant account means heaps of benefits for your business. 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