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Yep, ever have a merchant enter your CC number on the keypad IRL? That's what's happening. The fees for these types of transactions are typically higher as your
by seanp2k2 10y ago
Yep, ever have a merchant enter your CC number on the keypad IRL? That's what's happening. The fees for these types of transactions are typically higher as your processor is assuming more risk, so they prefer to only do them when they need to. See https://www.mastercard.us/content/dam/mccom/en-us/documents/rules/mastercard-rules-july-7-2016.pdf https://www.mastercard.us/content/dam/mccom/en-us/documents/... if you're really curious about how this stuff works in the MasterCard case. Visa is similar AFAIK.