Low risk Virtual terminal for MOTO

Low risk Virtual Terminal for MOTO payments

Low risk virtual terminal for MOTO payments is indicated for businesses that accept payments without the physical presence of the cardholder, for so called card not present transactions. Its nature involves low level of fraud and each sale is usually confirmed by a tracking number of a transport agency. If the merchant manages to justify the shipment of the merchandise to the customer, the risk of chargeback can be reduced significantly.

Benefits of Virtual terminal for MOTO payments are:

• Low fees
• No costs for terminal integration.
• High level of security (SSL).
• No SET protocols.
• The credit card details are not stored.
• Accept payments in any legal currency.
• Advanced antifraud Fraud Scrubbing tools.
• Increase of sales ratio.
• Refund can be done within a minute.
• Accepts most brands of Visa, Visa Electron, Mastercard, Maestro and Amex cards.
• Control transactions from the payment gateway.
• Possibility to sell through any device: PC, phone or tablet.
• Transparent and instant charges.

How does a Virtual Terminal for MOTO payments work?

The functionality of a Virtual Terminal for MOTO payments of low risk includes 8 steps, that are explained bellow in detail. The following is an example of accepting the payment by telephone in a Call Center.

First step: The sales agent has the customer´s information: name, surname, address and telephone number and, using this information, he contacts the client to offer his service or product.

Second step: Once the agent has managed to convince the client and has received the authorization to record the call, he is ready to proceed with the purchase.

Third step: The sales agent logs into the panel of control of virtual terminal via a laptop, tablet, mobile or computer and asks the customer for his credit card details: card number, expiration date and CVC code. When the agent introduces all these details and clicks on “Submit transaction”, he gives an order to the virtual terminal to do the rest of the communication.

Fourth step: The acquiring bank detects that a card holder wants to perform an operation for an amount that has been notified by the payment gateway.

Fifth step: The acquiring bank send the notification to the brand card network used for the purchase (Visa, MasterCard, Amex ...) asking for the authorization.

Sixth step: The card brand verifies with the card issuing bank if the customer has sufficient funds to carry out the operation or has any restrictions.

Seventh step: Once the issuing bank has verified that the card can perform the operation, it authorizes it. The payment gateway will collect all notifications and show the authorization code to the merchant.

Eighth Step: If the transaction has been authorized, the acquiring bank transfers the money to the bank account number of the virtual terminal.

Fees for low risk MOTO Virtual terminal 

* The activation of the low risk Virtual terminal por MOTO payments is a one-time payment. No further monthly or annual maintenance fees are required. 

* The prices can vary depending on the commercial activity of the client and the level or risk his business involves. For any questions, please, contact us via e-mail, chat or by phone.