What is "Card Present"?
A card present transaction is one in which the customer physically interacts with payment machinery using his or her card. This can include swiping a card with a magnetic strip.
Any transaction manually keyed into a credit card machine does not count as a card present transaction, even when the card is physically present. In order to qualify as a card present transaction, the merchant must capture electronic data stored on the card.
2. What is "Card Not Present"?
A card-not-present (CNP) transaction happens when a credit card isn’t physically presented to the merchant at checkout.
More specifically, a CNP transaction means the card wasn’t in contact with a payment terminal, the magnetic stripe wasn’t swiped for contactless payment
They also include a scenario when a merchant manually enters card details into the payment terminal instead of swiping.
3. How Does It Work with ClubReady?
Point of Sale
When completing Checkout, select CARD and you will be giving the option to select ON FILE, SWIPE or ENTER.
Selling an Agreement
When colleting their Down Payment, select CARD and you will be giving the option to select ON FILE, SWIPE or ENTER.
