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Offer your customers the convenience of using MasterCard® and Visa® for their purchases.
The growth of plastic payment options has been dramatic. Charge and credit card sales volume is on its way to $1 trillion worldwide as even previously credit card resistant industries embrace the convenience of plastic. First Midwest Bank’s Merchant Bankcard Services will enable your company to accept MasterCard® and Visa®. These transactions are processed quickly and easily right at your company’s location.
The Advantages
Increase Sales: MasterCard® and Visa® are accepted forms of payment worldwide. Cardholders typically spend more during a credit transaction than a cash transaction.
Minimize Risk: Reduces risks associated with accepting personal checks.
Enhance Customer Service: MasterCard® and Visa® are convenient and reliable ways for your customers to make purchases. Additionally our merchant bankcard terminals can be programmed to accept American Express® and Discover® Cards.
How it Works
1. Complete the Sale: Your customer will present their credit card for payment.You complete the sale by swiping the card through your electronic terminal. The transaction is captured and approved.
2. Submit Deposits: During or at the close of business you will submit the transaction electronically via your terminal.
3. Settlement: Your account at First Midwest Bank is credited for the total amount of your daily transactions. Funds are available within two business days after deposit.
Contact a Cash Manager
Return to Collection
Retail Lockbox
Wholesale Lockbox
Merchant Bankcard Services
ACH Collections
Wire Transfers
Financial Electronic Data Interchange
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