Merchant Services are provided by PNC Merchant Services Company (“PNCMS”) and subject to application, credit review of the business and its owners, and approval. This promotional offer is exclusively available to Recipient who becomes a new customer of PNCMS (“New PNC Merchants”) during the promotional period of January 1, 2026 through December 31, 2026 (“Promotional Period”). Existing customers of PNC Merchant Services Company ("PNCMS") and businesses with more than $10 million in annual revenue are excluded from this promotion.

To qualify for a statement credit, New PNC Merchants must (i) execute a PNC merchant agreement with PNCMS, (ii) establish a new PNC merchant services account approved by PNCMS (assigned a merchant account number) during the Promotional Period, use device(s) other than, or in addition to, the Electronic Payments Center (“EPC”), Clover® Go, and/or Clover® Account-Only and (iv) submit Valid Transactions to PNCMS for processing with a gross dollar value during the first two billing cycles of Merchant Account Activation that equals (A) $250,000 or more (“Threshold 1”) (B) $83,333.33 to $249,999.99 (“Threshold 2”), or (C) $33,333.00 to $83,333.32 (“Threshold 3”). Projected annual transaction volumes for each threshold are: (i) $1,500,000 and above for Threshold 1, (ii) $500,000.00 to $1,499,999.99 for Threshold 2, and (iii) $200,000.00 to $499,999.99 for Threshold 3.

A statement credit will be issued typically within two billing cycles once PNCMS determines all qualifying criteria have been satisfied. New PNC Merchants meeting Threshold 1 will be issued a statement credit equal to $1,500.00. New PNC Merchants meeting Threshold 2 will be issued a statement credit equal to $800.00. New PNC Merchants meeting Threshold 3 will be issued a statement credit equal to $400.00.

Any earned statement credit will be forfeited if the PNCMS account is closed before the credit is applied. Statement credits may be reported on IRS Form 1099-INT (or other appropriate tax form) for the year in which they are received.

For purposes of this promotion: “Valid Transactions” are debit or credit card transactions submitted to PNCMS for full-service processing (authorization and settlement) and do not include authorization-only transactions, Electronic Payment Center (“EPC”) transactions, Clover® Go transactions or Clover® Account Only transactions; “Recipient” means the business to which this offer was directly sent; and “Merchant Account Activation” means the first live, non-test transaction submitted to PNCMS for processing with a dollar value equal to or above $25.01; and "Small Business Customer" means a business industry with annual revenue less than $10 million.

PNCMS reserves the right, in its sole discretion, to modify, suspend, withdraw the qualifying criteria, statement credits, or the promotion at any time. This promotion cannot be combined with any other PNCMS offer and is non-transferable and may not be shared, forwarded, or applied by any party other than Recipient.