When looking for a card-not-present merchant account, you need to decide if a MOTO merchant account is right for your business. Short for mail order telephone order, MOTO merchant accounts allow you to accept credit cards by manually entering them into your payment gateway by means of a virtual terminal. For qualifying merchants, Instabill can provide merchants with MOTO credit card processing and MOTO virtual terminal at no extra cost!
Apply Today for your MOTO Merchant Account!
Getting started with your application is easy. Simply click the button above to get started. Instabill applications are free, and with just a few details of your business, you can be approved in just one or two days. To learn more about MOTO merchant accounts, keep reading or contact a live representative today.
Mail Order/Telephone Order Payment Options
Instabill provides a variety of MOTO payment processing options to businesses operating in a wide range of industries. With one of our merchant accounts, you can accept payments from Visa, MasterCard, and more popular credit card brands. You will also be able to accept virtual terminal transactions in multiple currencies, including USD, GBP, and euros.
Although you wish to accept transactions through MOTO virtual terminal credit card processing, Visa and MasterCard still require MOTO businesses to operating a functioning website. However, do not think of this as a burden or a setback.
Having a web presence will give you the opportunity to accept credit card transactions online and give your customers more payment options. Talk with an Instabill merchant account manager today to learn about the website requirements for MOTO businesses.
Payment Gateway Information
When you obtain a MOTO merchant account terminal with Instabill, it will be paired with the secure payment gateway of the acquiring banking partner that we choose for your business. This will ensure that your transaction data and your customers’ financial information stays secure from things like data breaches and credit card fraud.
Virtual Terminal Use
The Instabill virtual terminal is the perfect tool for MOTO merchants. Employees have the ability to enter customer payments by hand, and submit them to the payment gateway for processing. No software is needed to run the virtual terminal—it is a web-based application, so all you need is an internet connection.
A virtual terminal, however, comes with caveats:
Acquiring banks generally frown upon virtual terminal use for international transactions due to the risk level. Virtual terminals are very popular among nefarious merchants who commit transaction laundering, the act of advertising the sales of a legitimate product or service as cover for sales of illegal and illicit products and services.
Merchants requesting a virtual terminal should be prepared to present the necessary KYC documents to their payment processor and/or acquiring bank, such as:
- 3-6 months of payment processing history
- Business bank statements
- Photo identification
- Functional website
- Marketing materials (mailings, fliers or other promotional materials)