"Mail Order / Telephone Order", used in reference to types of credit card purchases
Movement; manner of movement; particularly, movement with increased rapidity; used especially in the phrase con moto, directing to a somewhat quicker movement; as, andante con moto, a little more rapidly than andante, etc
Stands for mail order/telephone order Typically, businesses that conduct credit card transactions over the phone or by mail are considered to be riskier than retail businesses that swipe credit cards
Merchants selling tangible goods or services in a non-face-to-face mail order, Internet or telephone order environment, who normally use software or conventional terminals and always key their transactions
Typically, businesses that conduct credit card transactions over the phone or by mail are considered to be riskier than retail businesses that swipe credit cards
A card transaction where a merchant cannot see the card, for example, by telephone, by mail or on the Web This is also known as a 'card not present' scenario
Mail order / telephone order discount rate: The discount rate charged by the merchant account provider for credit card transaction in which the actual credit card was not available to the merchant MOTO discount rates are generally higher than swipe discount rates to account for the increased chance of fraud or nonpayment
moto
Pronunciation
Etymology
[ kän-'mO-(")tO, kOn- ] (adverb.) circa 1854. Italian.