If you have established a business model which offers goods and services to clients that do not come into a physical store front then you need a MOTO Merchant Account. MOTO or Mail Order – Telephone Order accounts are required when more than 30% of credit cards cannot be physically swiped. While MOTO accounts were originally created to address the credit card processing needs of mail order companies who receive all of their sales by mail or telephone they have evolved to include a whole range of business types.
Merchants that have a MOTO merchant account usually process credit card payments by entering the credit card information directly into a terminal that contains a keypad, by using terminal software installed on a personal computer, or by using a “virtual” terminal that allows the merchant to use a normal web browser to process transactions on a payment service provider’s web site.
You may have founds in talking with your business bank that it is becoming more difficult to find merchant processing solutions for MOTO merchants regardless of the business type. At EMC2Billing.com, we have the expertise to help find the right merchant banking solutions that understand the special needs of MOTO merchants and we work to keep those relationships for the long-term as your business continues to grow. We have many successful MOTO merchants processing both domestically in the US and internationally as well.