» Virtual terminal

 

MOTO, short for Mail Order Telephone Order pertains to transactions (credit/debit card, ACH, e-check) that are conducted over telephone, postal mail, facsimile (fax); situations where the cardholder or account-holder is not present. It is different from regular internet merchant accounts & processing as you (the merchant) usually type in the customer's credit card or account number & thereby charges them. This is done using a virtual terminal. Internet businesses can increase sales manifold by accepting orders via telephone or postal mail (using a MOTO merchant account) as only 15% of the world's population is online! We recommend Paypal's virtual terminal solution with no setup fees & among the lowest processing fees.

Consumers: Check out AEGIS credit card consolidation services.