Investing Returns From A Merchants Bank For Individuals

Merchant bank services provide business with a way to process transactions.  This is important for businesses in order to facilitate the payment of products and services. Merchant banks do not offer retail banking services to individuals such as savings and checking accounts. They are design to provide transaction processing and allow businesses the widest range of services necessary to accept different forms of payment.

There are many services that merchant banks provide for their business customers.  These include:

• Debit Card Processing
• Flexible Benefit Card Processing
• Recurring Billing Payment Processing
• Processing Payments via the Internet
• Electronic Check Processing

Debit Card Processing

Merchant banks offer businesses the ability to process debit card payments. Debit cards are accepted by many businesses to allow your customers to pay for products and services. A merchant bank can help the business with tracking and reporting services as well as creating a point-of-sale mechanism for accepting debit cards as a form of payment.

Flexible Benefit Card Processing

Consumer-driven health plans provide a way for employees and employers to pay for non-reimbursed health-related expenses. These plans, which include health savings, medical savings, flexible spending and high deductible health plans, provide a way for businesses to set aside pre-tax dollars in order to pay for such things as doctor office visits, deductibles and co-insurance.

The merchant bank works with businesses and employers to provide a facility to accept payments and process transactions.

Recurring Billing Payment Processing

Businesses such as insurance companies and mortgage lenders have a need for payment processing services that permit their customers to pay bills on a regular or ongoing basis. Recurring bill payment processing provides a way for businesses to charge their customers on an ongoing basis without the necessity to generate invoices or billing statements. This service helps businesses reduce transactions costs and lower expenses associated with printing and labor necessary to generate bills.

Processing Payments via the Internet

As more and more companies seek online and e-commerce solutions for their products and services. A merchant bank acts as a third-party facilitator of payments between the merchant and their customers. Merchant banks help businesses establish systems and safeguards necessary to process various forms of payment via the internet.

Electronic Check Processing

Merchant banks provide electronic check processing services that permit businesses to accept checks through a point-of-sale terminal and online. This processing cuts down on the cost of handing paper checks by scanning and uploading electronic images of a check or keying in ACH account information from the check online. This permits the business to debit funds from the customer’s checking account as a form of payment for products and services.

Merchant banks provide a valuable service to the economy and to businesses specifically. The transaction processing services allows a facility for businesses and customers to pay for goods and services and reduce costs.