Moto

What is a MOTO Merchant Account?

A moto merchant account is a merchant account that is designed for mail order or telephone order based businesses. These can also include internet businesses and other non-face to face companies.  Transactions are not swiped through a machine but they are keyed in. The merchant is required to manually enter the credit card number and other information on a regular credit card machine or a virtual terminal online.

Why are rates and fees higher for moto merchants?

Rates and fees for moto merchant accounts are higher because the card is not present. There is a greater chance of chargebacks and fraud. Fraud is nearly eliminated when cards are swiped through a machine. With swipe merchant accounts the cardholder is present and the only chance is that the merchant could not fulfill their end. When using a moto account there is still the chance that the merchant might not fulfill their end but the cardholder is not present. Rates usually are .50% to .75% higher and there is usually an increase of $.05 to $.10 per transaction.

Is an internet merchant account the same as a moto merchant account?

Moto merchant accounts can be processed the same way as a moto merchant account but they are not exactly the same. Internet merchant account are integrated with the merchant’s website to allow for customers to make purchases directly off of the company’s website with an automated receipt. Moto merchants are also able to setup with a internet merchant account but they can choose to just utilize the manual transaction part.

Are there cancellation or termination fees with Power Pay Services?

There are never any cancellation fees or termination fees with Power Pay Services. PPS is currently retaining over 98% of their clients on a monthly basis. They process thousands of transactions on a daily basis for all of their merchants. Don’t risk not getting timely processing of your transactions or late deposits to your company’s business checking account. It is important to work with a trusted payment processor that can setup cost efficient credit card processing for your company at a fraction of the price of competitors.  Don’t risk losing another sale or turning away another customer to your competitors because you do not accept credit cards. Pick Power Pay Services and work with a leader in the payment processing industry.

Setup a credit card processing merchant account today!