Business Banking — Credit Card Processing
Are your customers frequently asking to pay with a credit card? Do you already accept credit cards but would like lower fees and better service?
With Nova Network/Elan, one of the largest national processors of credit card transactions, we will provide you a merchant account. You can begin taking credit cards from your customers for purchases.
If you already accept credit card transactions, you may be able to receive a better discount rate and have funds credited to your account faster with our program.
What is Merchant Processing?
Merchant processing is the process for business or merchant to accept a credit card from their customer as payment for goods and services. The credit card is swiped into an electronic terminal or the account number of the credit card is keyed into an electronic terminal. This information is then sent to Nova Network/Elan, processed, and the funds are credited back to the business or merchant's account at Rosemount National Bank.Â
You can offer more payment options to your customer without having to assume the risk of individual credit lines. You can take advantage of the services of the major credit card companies such as Visa and MasterCard and pay a fee on each transaction for the privilege.
Credit cards have become an important payment option in our society for most goods and services. Don't let your sales be slowed because you limit how your customers can pay you.
Benefits
Here are just some of the benefits you will receive when you are a merchant processor with Rosemount National Bank and Nova Network/Elan:
- Instant approval of your transaction
- Quick credit to your bank account, usually two business days
- Automatic batching of your totals each day to the credit card processor
- Some of the lowest fees in the industry
- A local representative from Nova Network/Elan to handle your account needs
For more information on the merchant processing program with Rosemount National Bank, please contact us.Â
