Linda doesn’t get it! When she accepts credit cards using her iPhone, card is always present! Gadgets or no gadgets – as Linda sees it, it’s a Card Present transaction…
Linda has a point – she charges actual cards presented to her using her iPhone, yet if the card is not swiped and Linda has failed to open a card present merchant account, no one (but Linda) knows…
At the end of the day it makes very little difference what Linda thinks about the transaction – it’s what the associations think that matters.
As using an iPhone app to accept credit cards is similar to accepting cards over the net using a Virtual Terminal, the associations relate to these transactions as they would to any other MOTO order processed online – a Card Not Present transaction.
If you wish to accept credit cards using your smart phone, visit: iPhone credit card processing.
Gidi Argov, Founder and CEO