Accepting Credit Card Payments Over the Phone
By Enrev on Feb 26, 2009 in Business
If you have a business and need to be able to accept credit cards via phone, you need to look into MOTO processing. MOTO stands for mail order/telephone order. MOTO processing is a way of accepting card cards without the physical presence of the card. This type of processing can be acquired through a merchant account provider.
MOTO processing can be done by telephone, fax, or even e-mail. A MOTO transaction can be completed by touch-tone processing, a virtual terminal, or POS software. Touch-tone processing is done by phone. POS software is point of sale software. This type of software is used by merchants to accept credit cards. A virtual terminal, or VT, is used on websites. A VT is used in conjunction with a virtual shopping cart in order to pay for merchandise online. MOTO processing is very secure and convenient for both business owners and customers.
A virtual terminal is typically the most cost-effective type of MOTO processing. VT are also incredibly convenient because they can be used anywhere in the world through the use of a computer and internet access. Virtual terminals allow for business to be conducted in a safe and secure manner from practically any location. MOTO processing is practically a necessity for any business owner who plans to conduct any aspect of his or her business over the internet.
On Mar 10, 2009, germain said:
This is really helpful because I have been trying to figure out a way to accept credit cards over the phone and did not really know what I could do for it. Thanks!