Low transaction rates, free hardware, no setup fee – these are a few introductory offers by merchant service providers that can be irresistible. These promotions can appeal to many businesses particularly startups and small enterprises — as the definition of a cost-saving opportunity given just how expensive some of these...
What Does MOTO Mean in Payment Processing?
MOTO means Mail Order/Telephone Order. It's a payment processing method when consumers provide card details remotely—by phone or by mail—instead of paying in person. The card-not-present process simplifies it for companies to accept payments without having the customer or card to be physically present. What Does MOTO Stand for In...