01 Oct Card Present/Not Present Transactions

Credit card fees are increased depending upon how the transaction is achieved. Transactions where the card is present and tapped or inserted into the terminal or for “recurring” transactions setup online through the Processor are “Card Present”. Transactions taken by phone, typed into a terminal (keyed) or entered online by a customer are “Card Not Present” transactions. For MasterCard the difference in fees is on average between .84% and 1.04% for most commonly accepted cards there are exceptions like business cards which are the same for both. For Visa the difference is between .08% and .32% again with a few exceptions. Amex charges a flat fee of .30% for all “Card Not Present” transactions. Need more information like how to setup “recurring” transactions contact us.