What Are Mobile Merchant Services?

If you own a business, you know how essential technology is to making it run smoothly. You may have even asked the question, “What are mobile merchant services?” Read more to figure out what mobile merchant services are and how First Bank can help you use them.

What Are Mobile Merchant Services?

In today’s world, keeping up with changes in technology is important, especially when running a business. Payment methods have evolved throughout the years, from cash and checks to credit and debit cards. Now, the mobile platform is being heavily utilized. Your business should be positioned to accommodate this changing landscape.

Mobile merchant services are when a bank handles mobile electronic payment processing for merchants. In other words, mobile merchant services allow you to accept electronic payments through your cell phone or other mobile devices.

First Bank offers a variety of merchant services, including in-store and mobile credit card processing. Credit card processing is a convenient way to control your cash flow by ensuring timely, automatic deposits into your account. With First Bank’s in-store and mobile merchant services, you get:

• Competitive rates with no hidden fees
• Multiple authorization networks and transaction processing methods
• Experienced and dedicated sales staff support
• National processing capabilities
• Comprehensive 24-hour online reporting
• Automated in-house chargeback/retrieval processing system with 24-hour turnaround
• 24-hour in-house merchant help desk
• 48-hour merchant settlement (24-hour merchant settlement if going to a First Bank account)
• Easy application process

Contact First Bank Today

Since 1935, First Bank has been dedicated to helping local businesses get the most out of their money. To learn more or to sign up for a free demonstration of our card processing services, call or visit a local branch.

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Sources:

Investopedia: http://www.investopedia.com/terms/m/merchant-account.asp