Do you use your own, or a third-party, software solution? Our compatibility with thousands of independent software vendors (ISVs), gateways, and point-of-sale systems allow us to support most core card processing needs. Consult with us today to assess compatibility with your current technology.
Make it easy for your customers to pay by credit card, debit card, digital wallet, online and in person through a single omnichannel payment gateway. Powered by Cybersource, a Visa® solution, our gateway gives you stability and scalability to support your growing transaction volume while helping reduce the friction of payments acceptance.
Don’t let paper slow you down. Replace paper invoices and manual reconciliation with online bill presentment and payment with Wells Fargo’s E-Bill Express service.
Manage the cost of credit card acceptance and ensure your customers have electronic payment options that vary from free to a fee with our surcharge and service fee solutions.
Protect your business, and your customers, from the continually evolving threat of fraud in the electronic payments space. We provide a wide variety of solutions, including tokenization, encryption, real-time fraud screening, account takeover protection, payer authentication, and account validation services.
Work with our vertical market-aligned teams of Merchant Services consultants and relationship managers who understand how organizations in your industry operate. Partner with our professionals so they can understand your needs, provide valuable industry insights, and recommend relevant solutions, including solutions that can work with your industry-specific software.
Employing the right tools to support B2B transactions can optimize cost and efficiency. Whether you are looking to reduce Days Sales Outstanding (DSO), streamline payments acceptance, enhance data security, or increase customer satisfaction, our Merchant Services consultants specializing in B2B solutions can provide guidance and solutions.
A surcharge is a percent fee that may be applied only to credit card transactions. Wells Fargo supports surcharging only for commercial and corporate banking segment merchants whose business-to-business (B2B) transactions represent at least 50% of their total credit card transaction volume.
Surcharging example: A wholesaler charges a 2% surcharge for qualified B2B credit card payments where other forms of payment do not have this fee.
Key information about surcharging:
Your business model is unique and requires adaptable and secure payment acceptance processing. Strategies such as large ticket interchange programs and passing Level 2 and 3 data can reduce the cost of accepting card payments. Products like online bill presentment and payment can help reduce days sales outstanding (DSO).
Streamlining your payments ecosystem can keep your staff focused on growing your business instead of spending hours posting and reconciling payments and handling exceptions. Let’s talk about tailoring a merchant services solution that can meet your needs.
Do you need flexibility in accepting premium payments and quickly disbursing funds for claims?
Near real-time payment confirmation provides insurers with the information you need to bind policies correctly. We can also empower insurers with multiple solutions for accepting ACH payments to save on processing costs. Talk to a Merchant Services consultant today about solutions to cover your needs.
You may be looking for more efficient payment acceptance solutions to counter budget shortfalls, new legislation, increased risk, and shifting workforce demographics. For many government entities, adding more convenient payment options for constituents, especially digital payments, is key to meeting these challenges. Let our Merchant Services consultants help you identify solutions to turn those challenges into opportunities.
A service fee is a variable or a flat fee that may be applied to debit card and credit card transactions through any payment channel.
Service fee example: A city government agency charges a 2% service fee to pay for building permits with a debit card or credit card instead of a check or another form of payment.
Key information about service fees:
Taking care of patients while managing your revenue cycle is not for the faint of heart. Patients expect a smooth experience when making a payment, whether it’s for a copay or a prescription. In fact, 42% of consumers are either likely to switch or have already switched health care providers for a better payments experience.
The right payments acceptance technology can securely store patient payment credentials on file for their convenience while also helping to settle balances quickly after insurance adjudication. Talk to a Merchant Services consultant today about how we can help your practice thrive.
You are likely facing challenges as varied as the goods you sell. Everything from supply chain, to changing trends, to inflation has the potential to make or break a fiscal year. Make sure you have a Merchant Services provider you can count on to be there for your customers — when, where, and how they want to make a purchase.
You can optimize revenue by adapting to consumer demand for multiple payment channels with customizable solutions and reporting tools that integrate with your point-of-sale and enterprise resource planning (ERP) systems. Is it time to enhance your payment acceptance process? Talk to a Merchant Services consultant about potential solutions today.
You have a lot on your plate these days, from supply chain issues to a steady rise in food and labor costs. Mix in a constant reliance on cash, and the need to better manage that cash, and we see an industry that’s hungry for better ways to manage deposits and improve cash flow.
Satisfy your diners’ needs while optimizing your payments acceptance process with technology designed to speed table turns. Talk with a Merchant Services consultant who can serve up solutions to meet your payment processing needs.
The subscription and recurring billing services market is projected to reach $1.5 trillion by 2025. As the market grows, the battle to keep your churn rates low will depend on how efficiently you retain your subscribers.
A good payments experience can help you build brand loyalty. Implementing a combination of tokenization services and automated payment account updating can help you manage your subscription database with minimal manual intervention, while ensuring that sensitive customer payment credentials are not stored within your systems. Talk to a Merchant Services consultant today.
Location, location, location. There’s simply no substitute for where a property is built. A similar truth applies to your payments: Electronic, electronic, electronic. Staying competitive means developing payment options that go beyond checks and other paper-based processes.
Whether your customers are home buyers, residential renters, commercial tenants, or others in the property market, commercial real estate (CRE) professionals can find value in the convenience, efficiency, and security that electronic payment solutions offer. As a leading Treasury Management and capital provider with expertise in the CRE industry, our Merchant Services consultants can help you find solutions to help unlock the value of electronic payments.
Given the sprawling nature of university systems, it’s difficult to get an end-to-end view of how various departments collect revenue and apply dollars to accounting frameworks.
Our Merchant Services consultants dedicated to higher education can help you map all your collection channels with corresponding payment options. We’ll then work closely with your treasury team and department stakeholders to consolidate payments technologies and streamline the cash application process.
A service fee is a variable or a flat fee that may be applied to debit card and credit card transactions through any payment channel.
Service fee example: A city government agency charges a 2% service fee to pay for building permits with a debit card or credit card instead of a check or another form of payment.
Key information about service fees:
We’re ready to discuss your needs, show you big picture trends, and help you apply the tools and payments technology that are right for your organization.
Terms and conditions apply. Some (but not all) digital wallets require your device to be NFC (Near Field Communication) enabled and to have the separate wallet app available. Your mobile carrier’s message and data rates may apply.
Additional fees apply for these optional services.
Eligibility requirements apply. Your Merchant Services consultant can provide additional information. Wells Fargo Payment Gateway eCheck services are a prerequisite for Account Validation Service. Use of our ACH service is subject to thorough credit analysis and requires use of a Wells Fargo commercial deposit account. In addition, you are responsible for all applicable laws, regulations, and rules associated with ACH transactions, including securing authorization from the consumer to debit his or her account.
Trends in Healthcare Payments Annual Report - InstaMed (2022)
Merchant Services are provided by Wells Fargo Merchant Services L.L.C. and Wells Fargo Bank, N.A.
Wells Fargo Merchant Services L.L.C. does not offer deposit products, and its services are not guaranteed or insured by the FDIC or any other governmental agency. When you use a Wells Fargo Bank deposit account for settlement or other Merchant Services purposes, you must use a Wells Fargo Bank business or commercial deposit account. Deposit products offered by Wells Fargo Bank, N.A. Member FDIC. Merchant Services are subject to application, credit review of the business and its owners, and approval.
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