Merchant services

Merchant services enable your business to accept credit cards, debit cards and other types of electronic payments. You can accept cards and electronic payments from customers and receive funds directly into any checking account. Funds are generally available to your business the next business day when credited to a Regions checking account.

Regions Merchant Services are provided by Worldpay. All transactions are subject to the operating rules and regulations of the applicable involved card brand networks

The pricing for merchant services involves a variety of card acceptance and processing costs that may be charged periodically, per item or on a transaction percentage basis. For credit and debit card processing, these costs can be broken down into three different types: discount rates, processor fees and interchange fees.

• The discount rate is used to calculate the amount your business must pay for each transaction. The rate is determined by several factors, including the number of transactions per month, average transaction amount, type of industry, and how the card is presented.
• Processor fees may be a percentage or fixed amount, and are based on the business' transaction amounts, frequencies and types.
• Interchange fees are set by the card networks — such as Visa®, Discover® and MasterCard® — and vary depending on card type, the type of business and the method of payment transaction acceptance. These fees typically are the largest portion of the costs for card acceptance and processing.

• Countertop and portable card machines for in-store payments
• Wireless and mobile card readers for payments on the go
• Smart POS systems that combine payments, reporting, and business management tools
• E-commerce solutions for accepting payments online
• Virtual terminal and phone-order options for remote transactions

All equipment and software — whether you own it already or need to purchase and/or rent it — must comply with the Payment Card Industry Data Security Standard for protecting cardholder information. PCI DSS compliance validation information can be found at pcisecuritystandards.org.

• Contact a Regions banker, call 1-800-REGIONS (734-4667) or complete the contact information at regions.com/merchantservices.
• Your information will be forwarded to Worldpay's merchant sales representative, who will contact you within 48 business hours.
• Once your account has been approved, you will receive a welcome kit that includes steps for getting started.
• You will then be able to begin accepting credit/debit card and electronic payments.