Ecommerce

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.

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.

Online payments, especially with mobile devices, are here to stay. Flexibility in online payment options, combined with appropriate security measures, maximizes customer convenience. Providing streamlined options for online bill payments helps ensure timely payments while providing customers with a streamlined UX and assurances that their sensitive personal and financial data is safe.