What are “card not present” or “keyed transactions?
A transaction qualifies as a “card not present” or “keyed” transaction when the credit card information is keyed into a credit card processing system (ie. credit card terminal, POS system, software program, or payment gateway) usually without the credit card or customer present at the time of the sale. The discount rate for a “card not present” transaction is slightly higher than that of a “card present” transaction because the likelihood of fraud is greater when the card is not present at the time of the sale.
A transaction qualifies as a “card not present” or “keyed” transaction when the credit card information is keyed into a credit card processing system (credit card terminal, POS system, software program, or payment gateway) usually without the credit card or customer present at the time of the sale. The discount rate for a “card not present” transaction is slightly higher than that of a “card present” transaction because the likelihood of fraud is greater when the card is not present at the time of the sale.
