Importance Of Card Not Present Transaction In 2020

Card not present transaction has become the new trend in the ecosystem of payment. Standing in the 21st century, we must embrace technology. Otherwise, we will not be able to prosper. In fact, businesses across the globe are flourishing with the help of technology and if you are still sticking to the old and primitive business strategies, you are actually making a mistake. People are carrying credit cards and debit cards. Therefore, it is very hard to see cash transactions nowadays. Moreover, if we consider the present situation where COVID-19 is making a big impact on the businesses, people are maintaining social distancing. As a result, they are strictly avoiding cash transactions or any kind of transaction where touching the payment terminal is required. Ultimately, the number of card not present transaction is increasing.

Considering the present situation, it is very important to understand the card not present transaction. Otherwise, you will not be able to accept credit card payments online. We at International Payment Solutions understand this very well and this is why we have elaborated the process. So, have a look at the following points:
Card Not Present Transaction
Well, card not present transaction refers to a transaction where the physical card is not required. Customers make online bill payments sitting at their homes. We have explained the process here:

The customer makes online bill payments with their credit card or debit cards.