Not long ago, the thought of manufacturers and similar companies in the Business to Business (or B2B) segment making payments to and receiving payments from each other using credit and/or debit cards was almost unheard of. In recent years, though, the use of credit and debit cards has become more common in virtually all industries, including manufacturing and B2B.
Accelerated receivables and improved cash flow - When a customer pays an invoice with a card, you receive the funds next-business-day when deposited into a select PNC Bank Business checking account.
Greater processing efficiency and lower costs - With our online reporting tool, your accounting staff has access to a broad range of reports and can spend less time reconciling invoices to payments that might not arrive for weeks or even months.
Lower rates and fees - We'll work with you to develop effective programs to process cards in an efficient and cost effective manner.
At PNC Merchant Services®, we incorporate industry-specific research and data into the design of the merchant solutions we offer to key industry segments, including manufacturers and other B2B companies. These solutions are customized to address the specific needs of these types of companies, thus maximizing their benefits to manufacturers and B2B businesses.
It can accommodate an unlimited number of users and allows recurring billing and 24/7 Internet access.
It provides timely payment processing, cash flow, and reporting data on B2B customers' payment preferences and activity.
Except as is otherwise set forth in your agreement for merchant services, your funds for MasterCard, Visa, Discover, PayPal and American Express transactions will ordinarily be processed and transferred to select PNC business checking accounts within one business day from the time PNC Merchant Services receives your batch (which is an electronic file containing your card transactions). If a batch is received after our cut-off time of 10:00 PM ET, or on a day that is not a business day, we will generally consider the batch as being received on the next business day. Business day means Monday through Friday, excluding Federal holidays.
ClientLine® Reporting is a solution available through Business Track®, a registered trademark of the First Data Corporation. Summary information can be retrieved for up to 25 months, while 13 months of detailed historical data is accessible.
Payeezy Gateway is a service mark of the First Data Corporation in the United States and other countries.
Merchant Services are provided by PNC Merchant Services Company and are subject to credit approval. PNC Merchant Services is a registered mark of The PNC Financial Services Group, Inc.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.