Card Not Present Merchants
What information should I enter into the terminal?
A "card-not-present" merchant account refers to any merchant account where the credit card and the customer are not present when a transaction takes place. Any account where this is not possible the majority of the time is considered to be a card-not present merchant account.
Card-not-present merchant accounts are considered to be higher risk by acquiring banks and are therefore charged higher processing rates and fees. When reviewing merchant account quotes you should not expect a card-not-present merchant account to have the same rates and fees as a card present merchant account. The rates and fees will always be higher for a card-not-present merchant account than they are for a card present merchant account. An, online account, a merchant the deliveries their product and a mail order business are all examples of card-not-present accounts.
Solutions overview
Level II credit cards are typically issued to individuals employed by enterprises, organizations or governments and are used for making corporate purchases.
Level II transactions may qualify for the fully-qualified Level II or III transaction rates resulting in significant savings to the Merchant when all requirements of the Merchant Account Provider are met and the properly formatted transaction data is sent in the transaction via the Virtual Terminal Network.
Level II data includes all the (required) Level I data plus three additional parameters. All of these parameters must be sent to qualify for Level II interchange rates. The additional data collected in the transaction may be used for back-office functions such as program administration (such as monitoring employee spending), accounting and reconciliation functions (for example, general ledger allocations), tax reporting and auditing (providing a breakdown of Local, State, Federal taxes) and supplier monitoring.
Financial Transaction Services of Western PA specializes in Card-Not-Present processing and routinely assists its clients in substantially reducing card fees through better interchange qualification.
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