Card Not Present Definition

Merchant Account Card Not Present Explained:

What is Card Not Present? “Card-Not-Present” is a credit card processing industry term used to signify transactions in which the physical debit or credit card is absent during the sale. Card-not-present transactions happen either when the merchant types in the credit card information on location (even if the card is in hand), or when the customer types it in from another location such as in e-commerce sales.

Card-Not-Present transactions pose a much higher risk for fraud because the card is not swiped through a card reading device and not on location during the sale. Due to this, transaction fees for card-not-present run at higher Interchange processing fees and, in many cases, higher provider markup fees.

Card-not-present Video Explanation

Use of this video does not constitute an endorsement of any kind by CardPaymentOptions.com.

Phillip Parker is a former merchant services sales agent who believes the industry has been overrun by people who engage in fraud and deception in order to steal from hard working business owners. He created this website to help you avoid the bad players, save money on fees, and to get peace of mind with your merchant account. If you would like to help support his work, learn more about our cost reduction service. We can evaluate your statement, tell you exactly how much you're overpaying, and then help you dramatically reduce your fees with your current credit card processor. Looking to switch instead? See our list of the best merchant account providers.

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