a term used by credit card companies to describe a transaction when the seller has not seen the actual credit card; typically, this applies to Internet and mail order sales
A credit transaction where the credit card is not present at the time of the transaction, such as on a website, phone, or fax order. Credit card information is manually entered, instead of swiping a card through a POS terminal.
The merchant cannot physically view and check the customers credit card. Transactions of this nature are often called card not present payments.
Type of transaction where the card is not presented at the POS and no magnetic stripe is read. These are usually considered higher risk transactions.
Merchant Account An account that allows merchants to process credit cards without a face to face transaction with the purchaser.
Any credit card transaction, where the merchant cannot view the customer's credit card in order to assist with validating the cardholder's identity.
When the card is not present during the transaction like in case of mail order, it is termed as Card not present transaction.
This refers to sales by credit / debit cards that are made when the card is not present at the point of sale e.g. mail order, Web forms.
An account that allows e-commerce merchants to process credit cards without a face to face transaction with the purchaser.
A transaction where the card is not present like in case of mail order or telephone order, it is termed as Card not present transaction.
Literally means that a cardholder's credit card is not physically presented to a merchant at the time of the transaction. This term is used in the payments industry to distinguish e-commerce merchants, such as those that operate via Web sites or from mail order/telephone order locations, from “brick and mortar,” or retail merchants.
A transaction where the card is not present at the time of the transaction such as a mail order, telephone order, or Internet order. Credit card data is manually entered into the terminal, as opposed to swiping a credit card's magnetic stripe through the terminal.
