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Key Entered Merchant Accounts - Card Not Present - MOTO
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Key Entered Merchant Accounts - Card Not Present - MOTO

MOTO Merchant Account Defined


  • MOTO stands for Mail Order / Telephone Order.

  • This MasterCard and Visa bankcard rate is only for merchant accounts that do not have a credit or debit card present and are mail or phone order transactions.

  • There can be only one electronic authorization or one authorization plus an authorization reversal to make the authorization amount equal to the settled amount for these merchant accounts.

  • MOTO merchant accounts require that an address verification request must be performed on the cardholder's billing zip code; a match is not required for credit card processing acceptance.

  • Credit card transactions must be settled within two days.

  • MOTO merchant accounts must settle amount equal to authorized amount.

  • Customer service telephone number required in settlement record for all MOTO merchant accounts.

  • Customer order number required in settlement record for MOTO merchant accounts.

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