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.
- 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.
- Since Bolt does not indemnify virtual terminal transactions, Bolt does not charge the standard Bolt fee on virtual terminal transactions.