What is the difference between a “swiped” transaction and a “non-swiped” transaction?
A swiped transaction means the credit card was present at the time of the sale and was run through a card swipe machine or imprinter. A non-swiped transaction means the card was not present for the sale, as is the case in Telephone/Mail Order or online transactions. Swiped transactions typically incur lower card processing fees (discount rates) for the merchant.
Related Questions
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