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Merchants that accept credit cards as a payment when the buyer is not physically present are participating in MOTO credit card processing. MOTO is the abbreviation for mail order telephone order, but it is not just a mail order companies that use this type of processing. Any company manually keys in the card information when the card is not present to participate in the MOTO processing.
Special care
Traders use MOTO credit card processing have specific needs different from merchants who physically swipe a card that is available. Here we look at these special needs.
- Virtual Terminal – Many traders use this kind of processing will be using a virtual terminal that allows for manually keyed in transactions on a secure website. This type of terminal that makes it possible to enter into transactions from any place where Internet access is available.
- Credit Card Terminals – One of the more safe way to work cards, merchant processing MOTO can choose the card terminal without printer. This should reduce the cost compared to other terminals.
- PC processing – When this option traders manually enter card details on their individual computers.
- Merchant Accounts – Special caution is required when getting a merchant company with MOTO processing like this type of business is considered higher risk when compared to standard retail seller.
- Security As with any credit card processing, security is a major concern for merchants who do not have a physical card present.
- Fraud protection – to go hand-in-hand with safety, MOTO merchants are at greater risk of fraud. Special measures should be taken to ensure that all transactions are legitimate. Stolen credit card or unauthorized transactions are always a concern for both merchants and cardholders.
MOTO Credit Card Processing
into account ‘taking special circumstances associated of MOTO processing merchants who complete manually key in credit will team up with the right processor. It is important that the processor you choose understands your specific business needs. Since this type of payment processing are considered high risk in the industry, which needs to be thoroughly processors, equipment, fees and other expenses will be important. Without taking the proper steps to ensure that you have properly installed, your business is at increased risk of losing money unnecessarily.
Right processors can help you establish the correct merchant account, offering advice in the most efficient way to process credit transactions and providing affordable services . This processor will ensure the highest level of security when processing card transactions while at the same time providing better customer service should you need it. As a business owner it is your responsibility to learn what special conditions apply to the processing of payment and learn how to best protect your customers as well as yourself when processing credit card transactions. By doing this, your company has the opportunity to thrive with MOTO credit card processing.
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Source by Steve Dowell