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Merchant Account and Credit Card Processing
Merchant Solutions Now Offering American Express OnePoint Settlement
As part of our ever expanding portfolio of merchant credit card processing benefits, Merchant Solutions, LLC is proud to now offer American Express OnePoint Settlement.
American Express One Point Settlement allows merchants to be funded on their Amex transactions in one lump sum deposit along with their Visa / MC / Discover (and if applicable, PIN debit) transactions. This provides merchants with the following benefits:
- Faster funding: traditionally, American Express transactions are funded at least one day later than Visa / MC and Discover transactions. With Amex One Point Settlement, you receive the cash flow benefit of a faster funding timeframe. And qualified merchants can even receive NEXT DAY FUNDING on their American Express deposits, including Monday morning availability for Friday / Saturday batches.
- One deposit – easier to track: Any merchant that accepts American Express knows this drill. A question comes up on a settlement, and now you have to go back and sort out your batch report vs. two separate sets of deposits on two different timeframes (that is, your bankcard deposits vs. your Amex deposits). With American Express OnePoint Settlement, this is a thing of the past. Every time there is one batch from the point of sale system or terminal, there is one deposit that correlates with that batch.
- One statement – ease of accounting: As well, you will now see all your rates and fees posted on one simplified statement. So no longer will you need to add up your American Express statement fees to your merchant account statement – all transactions and rates are listed on one easy to read statement.
American Express One Point settlement is available to any merchant, whether they are currently accepting American Express or not. There are no special rules or qualifications – as long as you pass standard merchant account underwriting, you can simply opt in for American Express OnePoint Settlement. And the best part is the price – there is no separate cost for doing so. You pay whatever applicable rates are for your industry as set by Amex, and we add the convenience of OnePoint Settlement.
If you are interested in learning more about American Express OnePoint Settlement, or would like to add this feature for your business, please don’t hesitate to contact us via one of the following options:
Request a return call or email: http://www.merchantsolutionsllc.com/contact/
Merchant Solutions, LLC
1350 Main St, Suite 206
Springfield, MA 01103
Phone: 866.326.3480
Email: contact@merchantsolutionsllc.com
