If you’re looking to better understand merchant services and ATM merchant services, you’re in the right place.
In this article, we’re going to be discussing a few of the most common questions about these topics from the perspective of US companies.
This will range from the basics of acquiring payment processing in the US for US LLCs up to more complex operations like merchant-owned ATM machines.
As a result, it will be relevant for most US business owners seeking account opening, including those looking to open a Delaware business bank account online and more complex operations that have been in business for decades.
Feel free to use the table of contents to jump ahead to any sections that are immediately relevant to your search.
Table of Contents
- Merchant Services 101
- What is Included in Merchant Services?
- Frequently Asked Questions
- Ready to Open Accounts With Banks in the USA?
Merchant Services 101
Merchant services are vague and difficult to navigate for new business owners. There’s a lot of confusion surrounding the role of different companies and the services they offer.
In fact, you would be forgiven for not knowing which providers are actually merchant service providers and which ones are just digital interfaces with better customer service. The same goes for comparing other platforms for payment processing, including e-commerce alternatives to Square or Stripe.
In most cases, the merchant service provider’s new businesses are required to fit into this latter category of digital interfaces. They look like merchant service providers, and they offer the same services as merchant service providers. However, they deliver a significantly better experience than merchant service providers and often cater to a specific client niche.
Your standard payment processors fit into this category. However, these providers are more accurately referred to as ISOs (independent sales organizations).
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What Is Included in Merchant Services?
There are a wide range of activities included in merchant services. Below we have covered two of the most common for US businesses.
Visa & Debit Card Processing
The most basic form of merchant services is processing payments from client payment cards. Payment card processing typically includes both debit and credit card processing. As long as the debit cards are part of the same network (e.g. Visa debit card or Mastercard debit card).
ATM Merchant Services
ATM merchant services (or Merchant-owned ATMs) refer to merchant providers that lease ATMs to retail and commercial locations as a secondary income stream. These options only make sense for businesses with a local presence in a specific market and are not applicable to foreign non-resident-owned and operated businesses.
Frequently Asked Questions
Below are three of the most common questions that we receive from people looking for more information on merchant services and ATMs. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
What Is Merchant Services in Banking?
Merchant services refer to a range of different activities that facilitate receiving payments from customers. This includes online payment processing, point-of-sale terminals, and much more.
Do Banks Offer Merchant Services?
Many commercial banks offer merchant services directly to their business customers. This includes providing direct access to payment processing, online payment gateways, assistance with account opening, and much more.
How Do I Contact an ATM Merchant?
If you are specifically looking for merchant-owned ATM options, you should determine the specific providers that serve your geography. On the other hand, if you are looking to contact an ATM merchant related to a recent transaction, you should use the information that is available on the specific machine that you used to lodge a complaint.
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