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Payment Processing Options

Take more types of payments today

Increase your sales by accepting more forms of payment.

Talk to a Merchant Specialist Today 1-866-380-9828
Customers today rely less on cash and checks, and more on debit and credit cards. There are many reasons why you should consider accepting credit and debit cards – like making it convenient for people to pay you, potentially increasing your average sales orders, and bolstering your credibility.

See below for all the information you need on the many ways your customers may choose to pay you.

Credit Card ProcessingShow Details

 
In today’s business environment, accepting credit card payments is a standard business practice. It offers convenience and choice to paying consumers. In addition it may help lower administrative costs and increase overall sales and average tickets1. Businesses can get next day funding for most transactions when funding to a Wells Fargo checking or savings account.

All major card types supported: Visa®, MasterCard®, Discover® Network, American Express®, JCB, Diners.

Benefits and features:
  • Potential for increased sales – Attract new and repeat business by providing customers an easy way to pay using credit1.
  • Enhanced security – Safer than cash or checks2, credit card processing reduces your risk of fraud and bounced checks.
  • Convenience – Offering consumers the convenience of paying by credit card reduces cash collection errors.
  • PCI (Payment Card Industry) Compliance – When you accept credit card payments from your customers, you’re responsible for ensuring their information is secure. We provide information and updates to help you manage your compliance with PCI-Data Security Standards.
  • Security – The TransArmor® solution helps protect your customers’ card data with encryption and tokenization technology.
  • EMV (Europay, MasterCard, Visa) – The global standard for chip card technology, is a chip-based payment commonly used in many parts of the world today. When it is introduced to the United States, we can help you ensure you are on board with this new technology.
  • Contactless Support – Your customer may want to use new forms of payment such as “contactless” payments, or to make payments with a mobile wallet. We can help you accept remote and mobile payments with the latest in credit card processing solutions.
American Express OnePoint®3 card acceptance and Discover Full Service4
Wells Fargo Merchant Services offers two credit card processing options that allow our customers to easily accept and process credit cards

Both programs offer:
  • Faster funding – We’ll deposit funds for all cards directly to your Wells Fargo business checking account as soon as the next business day for most transactions.
  • One consolidated statement5 – All transactions are billed on one statement from Wells Fargo.
  • One stop customer service5 Wells Fargo Merchant Services will be your single point of contact for all Visa, MasterCard, Discover, and American Express transactions.
  • More payment choices for your customers – Accepting more payment options helps you reach more customers and avoid lost sales.

We’re here for all your payment processing needs and our consultants are available to help you.
Call us at 1-866-380-9828, Monday - Friday, 7:00 am to 6:00 pm, Pacific Time.

1 Visa U.S. Payment Panel Study, 2Q11 to 1Q12
2 Visa TC40 Fraud Reporting (as of 31 March 2012)
3 The American Express One Point Program is available to customers of Wells Fargo Merchant Services who process less than $500,000 in annual American Express charge volume.
4 Some existing Discover merchants do not qualify for Discover Full Service.
5 One consolidated statement reporting and one stop customer service are available only to customers who qualify for American Express OnePoint® and Discover Full Service programs. Other conditions apply.

Debit Card ProcessingShow Details

 
More and more consumers are using debit cards as the preferred choice of payment. Unlike a credit card, debit card processing directly withdraws funds from the customer's primary checking account – with all of the benefits of a secure and seamless electronic transaction.

Benefits and features:
  • Potential for increased sales – Attract new and repeat customers by providing them access to their checking account funds6.
  • Enhanced security – Safer than cash or checks, debit card processing reduces your risk of bounced checks and disputes7.
  • Improved customer service – Keep the lines moving by allowing customers to avoid writing checks.
  • PIN and signature debit transactions – We support both kinds of transactions. Learn the difference between PIN and signature debit transactions.


We’re here for all your payment processing needs and our consultants are available to help you.
Call us at 1-866-380-9828, Monday - Friday, 7:00 am to 6:00 pm, Pacific Time.

6 Visa U.S. Payments Tracker, 2011;
7 Visa TC40 Fraud Reporting (as of 31 March 2012)

Check ProcessingShow Details

 
For some customers, checks may still be their preferred method of payment. Wells Fargo’s electronic check processing solutions turn paper checks into electronic payments automatically at the point of sale. Electronic check payment processing provides your business with a fast, easy, and secure way to accept payments by check. Your business can also benefit from a reduction in returned check expenses.

Benefits and features:
  • Customer satisfaction – Customers make payments the way they're comfortable paying.
  • May increase cash flow – With our electronic payment solution, funds are automatically deposited into your account. No more waiting to make a trip to the bank.8
  • Enhance security – Our solution reduces the risk associated with taking paper checks – like fraudulent checks or insufficient funds – by accessing the customer’s account in real time.9
  • Reduce errors and save timeWells Fargo’s electronic check processing solutions ensure all data is captured accurately on each transaction, reducing manual effort.
  • Reduce Fraud – Our electronic check processing solution examines historical check data and identifies patterns by analyzing and comparing the characteristics of valid check transactions vs. fraudulent check transactions. Using these analytical data points, we can reduce and potentially eliminate acceptance of fraudulent checks or checks with insufficient account balance.

We’re here for all your payment processing needs and our consultants are available to help you.
Call us at 1-866-380-9828, Monday - Friday, 7:00 am to 6:00 pm, Pacific Time.

8 Brookings Institution: The Economics of a Cashless Society, September 2004;
9 Visa TC40 Fraud Reporting (as of 31 March 2012

Gift Cards and RewardsShow Details

 
Customers are often looking for a quick, thoughtful present, and a gift card from your business can be the perfect solution, especially during the holidays.

Offering gift cards or reward points customized to your business may help build brand awareness, loyalty, and ultimately increase sales10. It can also keep your brand top of mind and wallet – helping you grow your sales and build a loyal customer base for years to come.

Benefits and features:
  • Acquire new customers – Gift cards can attract new customers, potentially increasing overall revenue and incremental sales. They can also increase the frequency of customer visits as the average card is used 2.5 times.10
  • Build brand awareness and loyalty – Gift cards are not only advertising your business in the consumer's wallet, but they can be reloaded with value, encouraging repeat business.
  • Increase sales – A national survey reported 56% of consumers spend more than the initial face value of the gift card.10
  • Enhance cash flow – Gift cards are prepaid before you provide goods and services. You can invest these prepaid dollars in your business.
  • Standard Card ProgramWells Fargo offers pre-designed cards with your business name. Download our Gift Card Options Program brochure (PDF*) to see the variety of styles you can choose from. Minimum order starts at 100 cards.
  • Custom Card Program – Gift cards can be custom designed exclusively for your business. As simple as providing your company logo and any other artwork in electronic format along with the text for the back of the card and we do the rest. Minimum order starts at 500 cards.
  • Reduce cash back – Gift cards allow partial redemptions with no cash back as the balance remains on the gift card. They can also be issued instead of cash in exchange for returned merchandise.

We’re here for all your payment processing needs and our consultants are available to help you.
Call us at 1-866-380-9828, Monday - Friday, 7:00 am to 6:00 pm, Pacific Time.

10 Source: First Data Prepaid Service/ValueLink - Consumer Insights Survey 2005
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Mobile WalletsShow Details

 
As more and more consumers carry smartphones, and mobile wallet technology becomes mainstream, businesses that support mobile wallets may have an edge. Mobile wallet payments free up consumers from carrying credit cards while offering them the convenience of maintaining multiple cards on file. And many mobile wallet solutions offer loyalty programs and location-based services.

All major card types supported: Visa®, MasterCard®, Discover® Network, American Express®, JCB, Diners.

Benefits and features:
  • Speed and convenience – Speed up payment processing in your store by supporting mobile wallet and contactless payments. In some cases, there is no need to print a receipt, which enables you to process payments faster.
  • Security – Whether a consumer is paying by a mobile device or a chip-and-PIN card, we support all payment options securely.
  • Support – We’ll help you prepare for the US EMV liability shift (the migration from traditional magnetic stripe cards to EMV/Chip and PIN cards) that will take place in October 2015.

We’re here for all your payment processing needs and our consultants are available to help you.
Call us at 1-866-380-9828, Monday - Friday, 7:00 am to 6:00 pm, Pacific Time.

International PaymentsShow Details

 
Is your business going global? Many United States-based businesses are expanding internationally to reach customers around the world. With Wells Fargo, you can offer seamless payment acceptance in the local currency of your customer.

Benefits and features:
  • Increase sales – Attract new and repeat customers who reside outside of the US, and International travelers visiting the US.
  • Offer your goods and services in the local currency of your customers.
  • Get In-depth reporting to review exchange rates, buybacks, and total sales in each local currency.

We’re here for all your payment processing needs and our consultants are available to help you.
Call us at 1-866-380-9828, Monday - Friday, 7:00 am to 6:00 pm, Pacific Time.
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The TransArmor® solution

 
The TransArmor solution helps protect your customers’ card data with a double layer of security: encryption and tokenization. It helps to reduce your risk of data theft and subsequent liability, and may simplify your PCI compliance.

Here’s how it works:
  • When you send a transaction for processing, the information you send will be encrypted.
  • When information is sent back to you, the customer account number is replaced by a token (substitute) number.
  • Both actions take place in about one second, to keep your sales moving.
TransArmor may simplify your PCI compliance by:
  • Removing sensitive card data from your merchant system. The data is not stored at your business, so there’s less data in your records for thieves to steal.
  • Removing card data from PCI scope.
 
 
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PIN and Signature Debit Transactions

 
PIN debit transactions
The most secure form of debit transactions require the debit card and cardholder to be present, and the cardholder to enter a PIN (Personal Identification Number) into a PIN Pad at the time of purchase. With this method of payment, you can also offer optional cash back to your customer with a purchase. PIN debit transactions provide immediate access to the cardholder's checking account funds. PIN Pad technology encrypts the information for secure transmission.

Signature debit transactions
Very much like credit card transactions, the debit card must have either the Visa®, MasterCard® or Discover® Network logo, which allows it to work in any card-present or card-not-present purchasing situation, including mail order, telephone order, and Internet. Cash back is not available when processing a signature debit card transaction.