- Traditional Retail Merchant Accounts - Card Present - Credit Card Terminals, also sometimes known as: debit terminals, point of sale terminals, interac machines, credit and debit machines. phone processing. Find out how much each one
- MO/TO Merchant Accounts - stands for Mail order & Telephone order, usually using a IVR solution (Interactive voice response) or sometimes known as ARU (Automated Response Unit)
- PC Merchant Accounts - falls under the MO/TO umbrella, but uses a software program that is uploaded to your PC computer and needs an internet connection to process - usually perfect for recurring billing.
- E-commerce Merchant Accounts - fall under the MO/TO umbrella too, but these accounts are usually consider high risk accounts - they can be attached to you gateway and shopping cart service to be able to accept credit cards payments at you online store.
Types Of Merchant Accounts
There are basically four types of Merchant Accounts that process credit cards:
