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March 07, 2001
By
Bob Buckham
Website:
http://www.best-free-credit-cards.com
>
Merchant Accounts: Get those lower discounts you deserve.
To cut down on fraud, Visa and Mastercard are regulating all mail order and non-swipe merchant accounts to install AVS (Address Verification System). In return for the merchant installing the system, Visa/MC offer lower discount rates.
The system requires merchants who sell via mail or on-line to supply the street address and the zip code of the buyer. Visa/MC compares the street and zip against their files and returns a code to the merchant saying that it either does or does not match. It is up to the merchant whether to accept or deny the transaction. Visa/MC does not automatically deny the transaction.
Two systems that are very popular are IC Verify and PC Authorize. Merchant accounts not using these types of address verification software are subject to much higher discount rates.
For
more information on merchant accounts - click here!
> About The Author:Bob Buckham is a successful author and the
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