Archive for 'Merchant Type'
MOTO merchant accounts
Posted on 11. Feb, 2009 by admin.
Mail Order - Telephone Order accounts tend to charge a rate higher transaction and are used when credit cards can not be physically swiped. Merchants usually process credit card payments by entering the credit card number directly into a terminal installed on a personal computer or through a standard Web browser to process payment transactions [...]
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Retail merchant accounts
Posted on 11. Feb, 2009 by admin.
This type of account usually offers the lowest transaction costs, but often has restrictive rules. Retail accounts that require a very high percentage of sales by credit card must be carried out with the “card present” and that the card is “swiped” by passing through a terminal physical credit card. Retail trade are generally associated [...]
