Mail Order/Telephone Order Merchant Accounts- MOTO Processing

 

Mail order/telephone order merchant accounts are typically a little more complex than other businesses might encounter. These accounts are basically the only difference separating a mail order or telephone order company from any other retail merchant. The account is online instead of physical and allows for a secure payment gateway to complete transactions. With a high risk merchant account, mail order and telephone order companies, more commonly known at MOTO merchants, can easily conduct business just like traditional businesses would. Any business that cannot accept credit cards in today’s society will face sales issues, but a mail order company is under special demand to accept credit card payments because of their lack of physical business presence. Sending cash in the mail simply isn’t acceptable.

 

Mail order/telephone order merchant accounts will allow MOTO merchants to accept all types of payments, including MasterCard, Visa, Discover, and American Express. The only thing that a merchant really needs to begin accepting these types of payments is a high risk credit card processing service that can give them an account. The reason that MOTO merchants are required to have a high risk account is because they need to have more security and protection. With a mail order or telephone order transaction, there is no credit card actually present to be swiped, which increases the incidence of fraud and chargebacks statistically. Even though a mail order business might not have this problem specifically, they are among an industry where it is common.

 

High risk merchant account services are not like many people think. The stigma attached to these accounts is sometimes very intimidating, but the accounts are actually more beneficial than not. Mail order/telephone order merchant accounts might be slightly more expensive than a typical merchant account, but it’s not for a lack of features. High risk accounts have more security features, better fraud prevention measures, and a variety of other account features that users can enjoy, including affordable rates and fees for all types of merchants. It’s not as frightening as some people make it out to be when you have to get a high risk merchant account for a MOTO business.

 

MOTO processing services are not nearly as expensive or complicated as they are often assumed to be. In fact, applying and getting the account approved is quite simple if you choose the right high risk credit card processing service. Additionally, fees and costs for the account will be stated up front so that you can compare them and ensure that they are reasonable and affordable to your company. Ultimately, a MOTO merchant cannot survive without a mail order/telephone order merchant account to accept credit cards and perform secure business transactions, so it is only a matter of which account is right for your business, not whether you need the account at all. The key is to take time to research the options and find a reliable, dependable, and trustworthy high risk credit card processor to work with so that you can get the services that you need from a company that you can count on.