Today’s digital payment gateway offer merchants the opportunity to do more business in less time, and with much more security than was available through traditional payment functions. Stores experience an…
As a company, you have to make sure that you are using customer information in a way that guarantees, to the best of your ability, that the data won’t fall into the wrong hands. The Payment Card Industry Data Security Standard (PCI DSS) sets standards to prevent such vulnerabilities.
Check payment processing online or by phone provides additional options for customers who don’t have or who don’t want to use credit or debit cards. However, merchants must be aware of common misconceptions associated with electronic check processing that pose potential hazards for customers’ sensitive financial and personal data.
MOTO stands for mail order telephone order. It has become synonymous with any financial transaction where the entity taking payment does not physically see the card used to make the purchase. Here’s what merchants should know about MOTO.
Topics: Merchant Processing
Using credit and debit cards is convenient for consumers. However, processing those payments can be pricey for merchants. Through imposing surcharges, your company can continue to enjoy the convenience of accepting card payments without carrying the burden of high processing fees.