Accepting credit card payments is an important part of any business. In order to provide you with everything you need for your business to grow, Northwest Community Credit Union (NWCU) partners with Retail Profit Systems (RPS), a merchant services provider.*
What are Merchant Services?
Merchant services usually refer to credit card processing for businesses. Credit card processing is the ability for a business to accept credit cards as a form of payment and to have that money directly deposited into the business’s NWCU checking account. These card types may include: Visa, MasterCard, Discover, and American Express (AMEX).
Merchant services also include available services like:
- Credit card processing
- Gift card and loyalty programs
- Check guarantee and recovery services
- Point-of-sale systems
- Service and support
- ATM sales and service
RPS offers all of these services to our business members.
How Can I Sign Up?
If you are interested in credit card processing or other merchant services from RPS, all you have to do is fill out this form and RPS will get in touch with you to discuss your options.
How long does setup take?
It depends on what type of account you are setting up with RPS. Traditional “brick and mortar” storefront setup can take as little as 2-5 days. Mobile and website processing may take a little longer. Terminals are downloaded and tested, then delivered directly from the RPS local warehouse in Oregon, rather than a distant distribution center.
How long does it take to receive the funds in your account?
If you batch by 3:45 PM PST, funding can happen the next day. Otherwise, funding takes 48 hours with batch closures after 4:00 PM, PST.
What Kind of Contracts does RPS Have?
RPS offers long-term contracts because RPS likes to build relationships with local business members. All Merchant Service Contracts are for a minimum of three years and most carry an Early Termination Fee (usually for $500.00 - $1,500.00). If a business wishes to cancel their merchant processing, RPS asks the merchant to cover their cost of $100.00 to close out the merchant account with their processor.
How does RPS Compare with Square?
Square is a commonly known payment processing company that you’ve probably seen multiple businesses use. Square is usually an option for the non-traditional merchant who sells at farmer’s markets and craft fairs, or merchants that transact less than $5,000 a month. RPS can offer competitive rates and personal service to businesses of any size.
What’s Your Next Step?
RPS’s website has more information about its merchant services. Merchant services are necessary for any business that needs a method of collecting funds with a dependable payment-processing system.
It’s important for your business’s growth and adaptability to meet to your customers’ needs using the right technology. RPS offers customized processing solutions that serve your customers in a convenient and accessible way. RPS also supports you throughout the entire process, starting from introduction to installation.
Options for processing credit and debit card payments have increased dramatically while costs have decreased to the point that even the smallest businesses can afford to offer this option to their customers. In partnering with RPS, it is our goal to provide you with the ability to make collecting funds easy.
We know that each business is unique and requires its own specific services. Please feel free to contact us for more information by (800) 452-9515, visiting our branches, or submit an inquiry form to Retail Profit Systems (RPS) to discuss your interest in their products and move forward in getting your own card processing system established.
*RPS is not owned or operated by NWCU. Retail Profit Systems is affiliated with RPS Bancard, LLC, a registered ISO of Wells Fargo Bank, Concord, CA. Retail Profit Systems is affiliated with Card/Pay LLC, a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA. Retail Profit Systems is a Contracted Agent of Cardtronics USA, Inc.