Enjoy swift, secure payments to your commercial account!
Not only will you make it easier for your customer to purchase, but you will simplify your company’s operations with an electronic Point of Sale (POS) terminal.
Available for most types of businesses, this service electronically authorizes all major credit card transactions and automatically deposits the funds into your account. Terminals can be installed at key locations throughout your business.
With a POS system you will enjoy:
The security of electronically authorizing transactions
Sales automatically deposited into your checking account
Multiple installations within your establishment
Technical support 7 days a week
In addition, you can take advantage of:
Instant authorization
Fund availability in less than 48 hours
Increased sales revenue
Reduced possibility of fraud
Reduced cash handling and theft
Less problems with returned checks and costs of check management
Printed sales summaries
Daily reporting and copies of all transactions, providing a complete audit trail for easy reconcilement and monitoring of credit card transactions
The ability to accept all cards, including Visa, MasterCard, American Express, Diner’s Club, Discover, debit cards and check authorization for faster account crediting
To apply for a Merchant Account, please provide the following:
Completed
merchant application1
Copy of current business license
Copy of the last 2 years of corporate tax return (or individual, in case of sole proprietorship or new business)
Copy of corporate financial statement (or personal, in case of sole proprietorship or new business)
Corporate Resolution or LLC/ LLP Security & Agreement Letter(s)
Copies of merchant statements for the last three (3) months (if applicable)
Projected annual bankcard volume
Proof of identification (2 photo IDs are required)2
For more information, please e-mail us at:
USVI: Cash Management
CashManagementUSVI@firstbankvi.com
BVI: Cash Management
CashManagementBVI@firstbankvi.com