Looking for a payment processing tool?
Look no further. At AFFCU, we’re committed to offering our members the very best tools and services. That’s why we’ve partnered with Newtek* to give our business account holders the best of the best.
Newtek’s Electronic Payment Processing Program enables merchants, including retail, mail-order and Internet businesses, to accept all major credit cards as well as debit and ATM cards for payment.
Newtek gives free training on how to efficiently operate the electronic payment systems and reduce fraud, as well as help you reconcile your deposits, understand your account statements, and answer questions about rates, fees, chargebacks and retrievals.
Credit and Debit Card Acceptance
Accept MasterCard®, Visa®, American Express®, Discover®, PIN-based debit cards and signature-based debits cards. Systems are easy to install and operate. In addition, you can monitor your transactions with Internet reporting.
Electronic Check Services
Accept paper checks with convenience and confidence. At the point-of-sale, you can convert paper checks into electronic transactions. A verification service searches for your customer in a national database of bad-check writers. A guarantee service will reimburse you if a verified customer’s check bounces. This service enables you to settle payments in 1-2 business days.
Newtek Advantage Club
The Newtek Advantage Club is a merchant club that provides its members with discounted supplies, 24-hour emergency replacement on equipment, online reports, and emailable batch reports available 24/7/365.
Electronic Gift and Loyalty Program
Create a compelling reason for your customers to come back to your business. Gift cards act as mini-billboards in your customers’ wallets and allow your customers to prepay for goods and services, as well as earn points towards rewards. Gift cards also enable you to refund store credits rather than cash, track customer behavior and history, and replace hard to manage paper-based gift certificatea and loyalty programs.
Start accepting credit cards anywhere you go with your smartphone. This payment solution is a downloadable application which supports iPhone, Android and Blackberry devices with an electronic signature capture to help you gain an edge over your competition. New merchant accounts receive a free Card Reader!**
NewtPay™ Mobile: Lower Costs Than Square. Free Virtual Terminal. Free Signature Capture. No Wireless Fees. No Gateway Fees. No Cancellation Fees. No Statement Fees. Supports Apple, Android and Blackberry®.
Conduct business online through a secure internet payment gateway with no setup fees. This service enables you to equip your website with a shopping cart as well as inventory, order management and consumer billing support capabilities. Better rates than PayPal.
NewtPay™: Ideal for new businesses or businesses not currently accepting credit card payments
NewtPay™ Pro: Perfect for established businesses already accepting credit card payments
Allows you to generate one-time or recurring ACH’s directly from your customer’s checking or saving account. Benefits include more reliable payments, reduces internal processing and reduces collections expenses, all improving your cash flow.
Why choose Newtek’s Merchant Processing?
Newtek processes more than $4.5 billion annually and is PCI compliant, which means your processing is secure. With full rate disclosure and no hidden fees, they can ensure that you get the best rates. In addition to the security of transactions and great rates, you will have the support of our 24/7/365 bilingual customer support teams.
Data Breach Protection: $100,000 of protection is offered to each merchant account to cover the costs of forensic audits, fines, penalties, and other expenses if a breach occurs or is suspected. This protection is offered at a fraction of the cost that a merchant would pay individually.
Opening a business account with AFFCU?
Interested in opening a business account with us? Making the process effortless by having all the necessary documentation in place. To help speed things up, please follow these steps:
1. Complete the Business Account Agreement
(The following steps are not required for Organizations*)
2. Complete the Company Profile
3. Complete the certificate of resolutions that best describes your business:
- DBA|Sole Proprietorship
- General Partnership
- Limited Liability Company
- Limited Partnership
*AFFCU has partnered with Newtek. These services are of the complete responsibility of Newtek Business Services Corp.
**NewtPay Mobile Free Card Reader Promotion is for New Merchant Accounts only and is not valid with any other offers or promotions. Limit 1 Free Card Reader per Merchant Account.