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Fees & Fraud Coverage on Virtual Terminal Orders

The Bolt Virtual Terminal is a transaction portal that allows merchants to charge a credit card. To learn how to place a virtual terminal transaction, please review this article

Due to the nature virtual terminal transactions, there are two restrictions from the fraud perspective. 

  1. Virtual terminal transactions are not indemnified for fraud by Bolt. Bolt relies on signals from a customer's checkout to determine fraud. Because virtual terminal transactions are placed by the merchant, Bolt will not have these signals and cannot indemnify the transaction.
  2. Since Bolt does not indemnify virtual terminal transactions, Bolt does not charge the standard Bolt fee on virtual terminal transactions.

 

 

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