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Accepting Visa/MasterCard credit and/or debit cards are one way to increase sales for your business. A Merchant Service account is a product that will allow your business to accept and process credit card and/or debit card payments from your customers. We offer several equipment options, which will enable you to efficiently process and then deposit your credit card and/or debit card sales to your business checking account at Lake City Bank. One of our Merchant Service Representatives will personally set up your equipment at your business site and provide training for you and your employees. We offer personal service and competitive pricing.
Below is a brief description of our most popular account options. Please contact a Merchant Services Representative to discuss additional options available.
- Electronic Data Capture (EDC)
This option utilizes a POS (Point of Sale) terminal, which captures all sales transactions by performing an electronic authorization. Upon authorization, an attached printer will generate a sales slip for your customer to sign. Daily transactions are stored in the terminal until an electronic deposit is made, via the terminal. This system will also allow for mail/phone order transaction processing, including Address Verification and check CVV2 (a 3-digit security code on the back of customer's credit card) to reduce your risk of fraudulent transactions. Accepts credit and/or debit card transactions.
- Electronic Data Capture With Pinpad
All the features of regular Electronic Data Capture, but also able to process ATM cards. Customer must be present to enter PIN #. Pinpad attached to unit for authorization on ATM or Debit cards.
- Terminal Only
Same features as the Electronic Data Capture, however you will utilize a manual imprinter for receipt purposes only, no electronic receipt printer. Lower cost for equipment.
- ARU (Automated Response Unit)
Call an toll free 800 number to receive an authorization from the customer's issuing bank. The transaction is electronically captured and processed following the phone authorization.
Applications
E-mail
*Subject to credit approval.
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