Telephone and Mail Order Merchant Accounts

Most businesses involve use of either of the two for payment processing but few e-commerce businesses know that both of them can actually make their business flourish.

How did MOTO Merchant Accounts come into use?

This concept became popular when gradually more and more companies switched to mail or telephones for receiving their product orders. After the orders were received the details for the Payment were conveyed to these companies by means of telephone or mail.

The payee is not physically present when the payment process is initiated; therefore the transactions are vulnerable to frauds. And this is the reason this is entitled as a high-risk payment processing.

Therefore, all the transactions through the phone merchant accounts are done via a highly secure virtual terminal. The terminal works like a Secure Shell (SSH) communication which is used for highly safe and protected communication on the internet.

One can access the terminal with the help of a web-browser which is secured and monitored by a reputed high risk merchant services company.

 

Who needs Telephone Order and Mail Order Merchant Accounts?

All the businesses that rely on telephone, fax or email to receive payments from their customers or receive their products need these merchant accounts. In the last few years the credit card payments have really become popular and most people feel comfortable in providing their credit card information to a real person on the phone instead of trusting the authenticity of the website.

This has made many e-commerce enterprises and telemarketing companies switch to mail order merchant accounts for making payments.

If you too are in the similar kind of business, then it’s time to setup a secure and easy payment processing system for your future customers. It is indeed simple to look for a phone and mail order merchant account provider. Both of these accounts have similar setup criteria.

The only thing you need to look for is an established merchant account provider company who can cater to your business needs. The rest of the procedure including the underwriting and documentation is taken care of by them.(Amslv)