Yes. Your business can attach a virtual terminal to a high-risk merchant account, making it a high-risk virtual terminal. Virtual terminals are necessary for processing card-not-present (CNP) transactions, including payments taken over the phone, through email, and by way of mail orders. While virtual terminals provide extra payment flexibility for businesses, they also carry increased risks.For this reason, if you operate in a high-risk industry, it's always critical to have extra authentication measures to confirm the cardholder is the individual completing the transaction. Not doing so may leave your business exposed to chargebacks and other payment issues!