Introduction
:
Cambridgeport Bank offers
both existing business customers and non-CPB business customers the ability to
process card payments transactions. This Merchant Card service allows businesses\merchants
the option to accept payments via credit, debit, ATM, or EBT Card.
Cambridgeport Bank has an
agreement with EFS National Bank to provide interested businesses with the set-up,
support and processing of card sales transactions. EFS Bank is based in Memphis
TN and specializes in merchant service processing for companies and agent banks
across the nation.
CARD
PAYMENT PROCESSING FEATURES
- Payment options that appeal
to various client demographics: MasterCard, VISA, American Express and EBT (Electronic
Benefits Transfer)
- Guaranteed transactions
debited from a DDA amount: Direct Debit, ATM
- Flat rate transaction fee:
Direct Debit, ATM and EBT
- Funds are credited directly
to the business customer's checking account via ACH
- Leasing and purchase of
terminals and printers are available
How
to set up an account:
The business (Merchant)
must complete an application to apply for an EFS account. These forms can be obtained
by visiting any one of our ten branch locations.
Timing: From the time applications
are received, the entire process takes about 2 ½ weeks to get terminals
and printers and all paperwork processed.
Merchant
Processing Costs & Fees
Service Installation Fee
(Customer activates equipment with assistance via phone)
- Non-Cambridgeport Bank
Customers $100.00
- Cambridgeport Bank Business
Customers $ 50.00
Service Installation Fee
(EFS Installs equipment for business)
- Non-Cambridgeport Bank
Customers $150.00
- Cambridgeport Bank Business
Customers $100.00
Other fees may apply, contact
your bank representative for a schedule of fees.
About
Us I Internet Banking I Personal
Banking I Business Banking I
Locations I Employment | Map | I Contact
Us
|