What is MAIL ORDER/TELEPHONE ORDER (MOTO) DISCOUNT RATE?

When the actual card is unavailable to the merchant, the merchant's account provider charges a handling fee for credit card transactions. By-mail, by-phone, or by-Internet orders are that situation. Due to the increased risk of fraud or non-payment, MOTO discount rates are higher than transaction discount rates for using a card swipe machine or magnetic stripe reader.

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