What are Mail Order Merchant Accounts and their Key Benefits?

Transactions in which the customers’ credit cards are never taken into physical possession require a special merchant account. Mail order or telephone order (MOTO) makes use of these special merchant accounts.

Mail order is an online card payment authorization and settlement service for cardholder not present transactions, including mail orders, telephone orders, fax orders and secure email orders.

A mail order merchant account is needed to take such orders and it simplifies the services which can be accessed from any computer with internet access. A mail order merchant account provides your company with quick, easy and secure transaction processing.

Key features incorporated within the mail order merchant services include compatibility with all cards, accept card payments for purchases made by phone, mail, fax or secure email, overnight settlement of funds seven days a week, immediate online authorization and can be used by multiple users at the same time without the burden of extra charges.

Let’s take a look at some of the key benefits associated with mail order merchant accounts –

·         Increased sales opportunities, potentially increasing your profit

·         Easy to get started and improved cash flow as funds are in your account overnight

·         Payments can be accepted at multiple sites with no need for authorization or depositing vouchers in branch.

·         You can view your account activity online with dedicated web site of providers that allows merchants to access their merchant account information online, 24/7.

·         Easy availability of technical help for your equipment.

·         Fast credit and debit authorizations which provides a platform that is one of the fastest and most dependable network in the industry. 

Also known as card not present transaction, if a card is not physically present when a customer makes a purchase, the merchant must relies on the cardholder presenting card information indirectly, whether by mail, telephone or over the Internet.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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