The drawbacks involved with MOTO processing, however, can cost time and money. MOTO accounts are charged the highest percentage rates by most providers-about 3 percent or more of each payment-because of the potential of human error or intentional fraud by buyers. These types of transactions provide account providers with the least amount of information about card holders of all available categories for payment, thus increasing the likelihood of mistakes or misrepresentation.

Processing Mobile Payments

One of the newest types of credit card payment offered by merchant North American Bancard Agent Program account is mobile processing. This practical method lets you accept secure credit card payments anywhere you receive cell phone service. These transactions are transmitted to the account provider either through a wireless swipe terminal or with the touch pad of any cell phone.

This is a fantastic option for any business that requires frequent travel or on site work, such as plumbers, exterminators or contractors. It also provides a very professional and convenient touch for businesses offering goods or services for sale at expos or other remote events. Imagine being able to ring up lines of customers at special events away from your storefront!