MO/TO Transactions definition
Examples of MO/TO Transactions in a sentence
You must obtain authorisation via the MOTO option on the Terminal for all MOTO Transactions regardless of the value of the Transaction.
For MOTO Transactions where you are not required to obtain the Cardholder’s PIN or signature and compare the Cardholder’s signature with that on the Card, you must ensure that each person processing such a MOTO Transaction uses best endeavours to verify the authenticity of the information given to you by the customer.
If no satisfactory settlement is reached in Step 1, the grievance may be appealed in writing to the Superintendent within five (5) days of receipt of the decision rendered by the building principal.
For the avoidance of doubt, consent will be deemed to have been given by DNAP where the Merchant has included Merchant’s anticipated MO/TO Transactions within the Merchant Application Form and that Merchant Application Form has been accepted by DNAP.
If this is not the case, and You would like to accept MO/TO Transactions, You should contact Us and provide descriptions of product types and marketing methods.
If you use the Stripe Payments Services for certain Transactions where the Customer is not present, including MOTO Transactions or Merchant Initiated Transactions, or to store a Customer’s Payment Method for future use, you may be required by Law and Payment Method Rules to obtain the Customer’s authorization (also known as a mandate or agreement for the provision of products or services) and make certain disclosures to the Customer.
We reserve the right to refuse Merchant permission to accept MO/TO Transactions.
As you are not able to confirm that the Card was present at the time of the Transaction (for example by taking an imprint of the Card or by the Cardholder signing the POS Transaction slip or entering their PIN on the POS device), you specifically acknowledge and understand that you process MOTO Transactions at your own risk, that such MOTO Transaction may be Charged Back to you at any time and that you will always remain fully liable for a MOTO Transaction.
Mail and Telephone Orders (MOTO) Transactions: Additional caution should be exercised with such transactions, and you and/or an authorised user(s) is (are) encouraged to transact with reputable and established Merchants.
You accordingly indemnify us against any Losses or Claims of any nature that we may suffer or incur or for which we may be held responsible as a result of or in connection with you processing MOTO Transactions.