The Merchant Account Show should help you with your merchant account and electronic payment gateways. Also
hopefully it will help explain some fraud attempts and how to notice fraud
on your orders. Remember, the net powers us!
Today we are talking about the different types of Merchant Accounts that are
offered by Credit Card Processors. There are basically two types of Merchant
Accounts. The first type is called a Card Present or "Swipe" Account because the
card is physically present and is actually swiped through a magnetic reader that
is on a point of sale device or attached to a computer. The second type of
merchant account is called a Card-Not-Present or Keyed Account because the card
is not physically present and the information is typed or "keyed" into a point
of sale device or payment gateway.