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...
What to Watch Out for in Merchant Service Contracts
Whether you own a local restaurant, boutique, or online store, it is imperative that you accept credit and debit card payments. Merchant service providers (MSPs) can help with that. By providing software, hardware, and support in exchange for a fee, these companies enable your company to accept card payments. The...