Apparatuses, systems, and methods are disclosed for a virtual channel for data transfers between devices. A method includes presenting an address space for a memory buffer. The address space may be larger than a physical capacity of the memory buffer. A method includes controlling, from a peripheral device, a rate at which a data source transfers data to a memory buffer using a presented address space based on a rate at which a data target transfers data from the memory buffer using the presented address space so that an amount of data stored in the memory buffer remains at or below a physical capacity of the memory buffer.