This type of processing, also known as MOTO processing an acronym for Mail Order/Telephone Order credit card processing, and is a type of card-not-present (CNP) credit card processing service which takes place online through a virtual terminal.

These transactions do not require the physical presence of the credit card, just the credit card details, and, sometimes, the personal details of the cardholder. Virtual Terminals can be accessed from any part of the world from a PC with an Internet connection. This means that e-Commerce merchants can carry out sales and process credit card information while on holiday, on a business trip, etc. Virtual Terminals are also safe and secure. Statistical information can be accessed 24/7 via the Virtual Terminal website account. For more information on virtual terminals and savings on Level III transactions for B2B processing

What is a Virtual Terminal/Payment Gateway? Connecting a payment application to the credit card processing networks is difficult, expensive and beyond the resources of most businesses. Instead, you can easily connect to the one of our payment gateways, that provides the complex infrastructure and security necessary to ensure secure, fast and reliable transactions. Our Payment Gateway is available 24/7 for processing transactions. We also offer a number of value-adding services to assist merchants in managing their businesses and protecting themselves from fraud. Merchants log into a secure Web site called the Merchant Interface to manage their transactions, configure account settings, view account statements, generate reports and more. Since the payment gateway is a browser-based, hosted solution, there is no software to install or maintain. Contact us for more information on our industry leading Payment Gateways!

Level 3 Interchange

Pass Level 3 data to eliminate non-qualified surcharges and lower acceptance cost!! It is estimated that the total amount of purchasing card (p-card) spending in North American is growing at about 15% annually and will reach $218 billion by 2012.

Along with this growth in payment volume, more and more business-to-business and business-to-government buyers require the seller to provide line item invoice data when accepting their commercial card payment. Consumer oriented payment gateways are not capable of meeting business, corporate and purchasing card requirements like our Level 3 payment gateway. Most businesses accepting payments from other businesses and government agencies are NOT qualifying for the best available Interchange rates because their merchant account is not set up properly.

Specific interchange compliance requirements must be managed and include merchant category restrictions, authorization, clearing, timeliness and registration. For the card types that can qualify for Level 3, address verification, invoice number, tax amount, and line item detail fields like product code, item description, item quantity, unit of measure and extended item amount must be submitted with the standard sales information.

Interchange is always changing, and MasterCard and Visa are continuously making adjustments in both rate and qualification requirements. Currently Visa and MasterCard both require submitting a tax amount greater than zero to qualify for Level 2 / Data Rate 2 Interchange rates but for tax exempt transactions Level 3 / Data Rate 3 Interchange rates are available provided data requirements are met.

Qualifying for incentive Level 3 processing rates while eliminating Non-Qualified surcharge fees may reduce your processing expenses by an average of 15% to 20%! For example, the difference between a tax exempt MasterCard business transaction processed at Level 3 Interchange and hitting the next best Data Rate 1 Interchange is 85 basis points. This is a significant savings!!! Leading indicators that your processing costs are too high:

  • You have the same rates for both MasterCard and Visa
  • You have only one Qualified Rate
  • You pay Mid & Non-Qualified Rates
  • You use a terminal for processing P-card transactions
  • You use a “B2Consumer” virtual terminal or payment gateway

Contact us for a Level 3 Interchange quote detailing Visa, MasterCard and Discover commercial card rates, qualification requirements and next best rates.