Get the free Merchant Card Not Present Accounts Form

This form is for merchants processing more than 40% of keyed transactions, including details about business operations related to mail order and telephone order activities.

How to fill out merchant card not present

How to fill out Merchant Card Not Present Accounts Form

1. Begin by downloading the Merchant Card Not Present Accounts Form from the provider's website.
2. Fill out the business information section, including your business name, address, and contact details.
3. Provide the business owner's information, including name, title, and social security number.
4. Enter the bank account details where funds will be deposited, including the bank name and account number.
5. Specify the type of transactions you will be processing, including online sales or phone orders.
6. Complete the section regarding your sales volume and average transaction amount.
7. Review the terms and conditions, and ensure you understand the fees associated with card processing.
8. Sign and date the form to certify that all information provided is true and accurate.
9. Submit the completed form to your payment processor as instructed.

Who needs Merchant Card Not Present Accounts Form?

1. Businesses that sell products or services online or via phone and require credit card processing.
2. E-commerce vendors looking to accept card payments without the card being physically present.
3. Service providers who take payments over the phone or through online platforms.

People Also Ask about

What is a merchant account in English?

A merchant account is a bank account specifically established for business purposes where companies can make and accept payments. Merchant accounts allow, for instance, a business to accept credit cards or other forms of electronic payment.

How to identify card-not-present transaction?

A card-not-present (CNP) transaction occurs when neither the cardholder nor the credit or debit card is physically present at the time of the transaction. It's most common for remote orders – online, over the phone or by mail.

Is Apple Pay a card-not-present transaction?

Apple Pay payments made in store are considered card present transactions, while payments made using Apple Pay in-app are considered card not present.

What are card-not-present transactions?

A card-not-present (CNP) transaction refers to a transaction that takes place online, over the phone, or via mail order, in which the cardholder does not present the physical card to the business at the time of the payment.

What is card-present vs card-not-present?

A coffee purchased on that same coffee chain's app on a smartphone. Even if that purchase is completed within the store, this is a card-not-present transaction. The card, or a linked payment app, must be presented and interact with a payment terminal in some way to qualify as a card-present transaction.

What is an example of a card-not-present transaction?

Several examples of Card-Not-Present transactions include eCommerce shopping carts, online invoices, automatic billing, phone orders, website payments, mail order purchases, and Card-on-file transactions.

For pdfFiller’s FAQs

What is Merchant Card Not Present Accounts Form?

The Merchant Card Not Present Accounts Form is a document used by businesses to report transactions where payment is made using a card but the cardholder is not physically present at the point of sale.

Who is required to file Merchant Card Not Present Accounts Form?

Any business that accepts card payments for products or services remotely, such as online retailers or telephone sales, is required to file the Merchant Card Not Present Accounts Form.

How to fill out Merchant Card Not Present Accounts Form?

To fill out the Merchant Card Not Present Accounts Form, businesses must provide accurate transaction details, including total sales, the number of transactions, and any chargebacks or refunds. Ensure all required fields are completed and accurate before submission.

What is the purpose of Merchant Card Not Present Accounts Form?

The purpose of the Merchant Card Not Present Accounts Form is to document and report the volume and nature of card-not-present transactions for regulatory compliance and fraud prevention.

What information must be reported on Merchant Card Not Present Accounts Form?

The form typically requires reporting information such as the total dollar amount of card-not-present sales, the total number of transactions, chargeback amounts, and any particular merchant identifiers.