Merchant Services for Small Businesses | Union Community Bank
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Setting Up Payment Accounts for Your Business

Having the capability to perform digital transactions is vital for any business that hopes to grow in the 21st century. If your company is not able to accept debit, credit, or online payments, you could be missing out on a large amount of revenue. Merchant services for small businesses make payments easy. Learn more about the benefits of utilizing merchant services today.

Is your business ready for a payment solution? Contact a member of the Union Business Banking team today.

What are Merchant Services?

Merchant services is a broad term that encompasses a wide range of payment processing options. In it’s most basic form, merchant services act as a debit and credit card processing method. However, these services have a variety of other uses as well.

Establish Automatic Payments

Having merchant service allows you to make Automated Clearing House (ACH) transactions. This method of electronic funds transfer allows customers to make payments from their checking accounts without the need to write a check or use a debit card. This is ideal for businesses that require monthly payments.

Want automatic payment capabilities for your business? Learn more about Union’s ACH options.

Sell Gift Cards 

Gift cards are a great way for businesses to gain additional revenue. Once a consumer purchases a gift card, that money belongs to your business, whether they use the card or not.

Create a Loyalty Program 

If you wish to encourage your customers to continue to return to your business, loyalty programs are an excellent incentive. Merchant services provide you with the ability to create the loyalty program of your choosing. This can include a club card that offers customers specific discounts or a points card that lets customers earn rewards points as they spend.

Benefits of Using Merchant Services for Small Businesses

Cash and checks are becoming less and less common with customers. While it’s important to keep this more traditional form of payment, it’s important for any growing business to offer convenient debit, credit, or online payments. There are a number of other benefits to utilizing merchant services including:

  • Legitimizing your business
  • Boosting sales
  • Encouraging impulse buying
  • Enabling business to be done online
  • Convenient for customers

More than a Payment Method

Having a convenient and easy way to complete financial transactions between your business and customers is an essential aspect of our merchant services, but it’s not all it can do. Merchant services can help businesses manage their money and keep track of their inventory as sales are made.

Convenient, Easily Accessible Reporting

Gain insights into sales trends and more as you monitor your account from any web browser through our online reporting tool.

Take Your Business to the Next Level

Tap into your business’s full earning potential today. Union Community Bank has a variety of easy-to-use merchant service solutions available through Elavon. Elavon is an industry leader with 25 years in payment acceptance. The benefit of working with Union for your merchant services needs means you have an accessible partner you can trust.

Union Merchant Services Solutions

No matter what type of business you own, we have a solution to fit your needs:

  • In-person, online and mobile payment solutions
  • Chip Card/EMV terminals and tablet Point of Sale systems
  • Solutions to help keep payments secure and adhere to PCI DSS standards
  • Loyalty and gift card programs to help market, grow, and retain your business
  • Accept mobile wallets including Apple Pay™ and Android Pay™
  • Next Day Business Funding

 

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