Definition of a MOTO Account & e-Commerce Merchant Account

Feb. 12, 2013 - PRLog -- If you are processing payments over the phone then a MOTO account is ideal for you. A MOTO account is accessed through a secure webpage and is therefore operational from anywhere in the world with an internet connection. Also known as a virtual terminal, it allows you to process credit and debit card payments easily and securely over the phone or from orders received by fax. The advantages of having a MOTO merchant account are security and mobility.

e-Commerce Merchant Account
An Internet Merchant Account is a special type of bank account, dedicated to receiving the payments that you take online. Otherwise known as an e-commerce merchant account. From there, the funds are transferred into your normal business banking account. MaxPayNow deal with all the major lenders that offer this service.

Customers will purchase more products and purchase more often when you allow them to use their credit & debit cards. This is why it’s so important for every business to have a merchant account so as you can accept plastic & by not offering customers this facility you could be sending them straight to your competitors! Credit cards make purchases easier and faster for both the customer and the business. Your company will be able to dedicate all of its energy to building the business instead of chasing down past customers and bounced cheques. All types of businesses can start to accept credit cards including; internet, retail and wireless merchants & this is where MaxPayNow can help you get approved for your merchant facility.

All the banks have different requirements and fees. The rates they charge depends on factors such as how long your business has been established, what type of goods or services you sell and your turnover. At MaxPayNow however, we are able to get you the best rates due to the fact that we use our lenders on a daily basis.

We also supply direct debit services, credit card machines, offshore merchant accounts, (inlcuding high risk merchant accounts) & a merchant cash advance.

Call us on  
0161 928 2287 or visit our website at:http://www.maxpaynow.com/page/merchantaccount.aspx