Merchant Card Services

Merchant Benefits           

In addition to excellent support and service, there are many benefits associated with Merchant Card Services:

Direct Credit to your Business Checking Account

Your business will benefit from quick credit sales processing with direct deposit into your business checking account.

Supplies

When you sign up for Merchant Card Services, sales drafts, EDC paper and ribbon, window decals, signage and imprinters are provided at no additional charge. You can pick up supplies at your local bank branch, or have them delivered to your business location. For faster response, our local customer service center maintains a direct on-line connection with our cards and forms supply warehouse. Available locally, and provided at no additional charge.

Local Service and Support for Depositors

Every day our trained Merchant Card Services Specialists are out in the field making calls and offering support to local merchants who are depositing with us.

Merchant Accounting

We have a comprehensive accounting system tailored to meet a merchant's needs, which includes month-to-date credit card deposit information on a transaction statement. Discount fees are assessed monthly, allowing merchants full use of all funds during the month.

E-Connections

We have available 24 -hour internet access to merchant reports that allow business customers to review information concerning merchant statements and authorized, captured, cleared and settled transactions.

Voice Authorization

We offer voice authorization at no cost for merchants as a back-up support for merchants utilizing the Point Of Sale terminal and Dial Pay programs.

Electronic Check Service

Our Point of Sale (POS) Check Service converts paper checks presented at the point of sale into safe, efficient "electronic" transactions. Your business can continue to offer the option of paying by check, while reducing paper handling and the cost and risk of check acceptance, depending on which service option you select. This improves your cash flow and minimizes the risk involved with check acceptance.

Reasonable Set Up and Renewal Charges

For each location, the setup charge is competitive and includes new application processing, imprinter, related supplies, and authorization information. On the anniversary date of your merchant account, a renewal fee is assessed.

How Much Will it Cost

To process sales drafts for deposit, a fee is assessed called a "Discount." We charge a straightforward and competitive Discount. Some card processors quote a reduced Discount, or what is commonly known as an unbounded rate, and then tack on additional costs - i.e. interchange charges, per item charges, transaction charges, statement fees, charge-back fees and other miscellaneous charges. Your quoted Discount will be charged once a month for actual drafts processed for deposit that month. The rate you will be quoted includes the majority of costs involved in processing those drafts. If you lease Point Of Sale terminals for draft capture, that fee is listed separately. Please contact us with any questions you may have regarding pricing, or applying for Merchant Card Services.