More information on Woodforest Merchant Services is presented below.
Woodforest works with some of the top credit card processors in the country to offer your business services such as credit card and debit card processing, check services, and gift and loyalty cards.
Credit Card Transaction: As the usage of cash and checks is decreasing, the demand for the option to pay by credit card is increasing. Merchants that offer consumers the ability to pay with credit cards tend to have an advantage in expanding their customer base, increasing customer satisfaction, and increasing revenue!
PIN Debit Card Transactions: Requires the card, the card holder and the customer’s four digit PIN number to be entered at the time of purchase. PIN debit transactions are authorized through the ATM network and can provide a faster settlement of funds to the merchant with a lower risk of chargebacks, as compared to signature transactions.
Signature Debit Card Transactions: Works just like a credit card transaction and requires that the VISA, MASTERCARD or DISCOVER Network Logo is present. Allows the debit card to work in a present and non-present situation.
Gift Cards: Gift cards are among the top gift ideas consumers plan to buy. Not only does the consumer want it, it can also increase brand awareness, cash flow and average ticket size!
Market Research and Benefits:
Loyalty Program: Offers rewards to your clients to keep them coming back to spend money with you. This program can be customized specifically for the rewards you would like to offer your clients.
Woodforest offers a wide variety of products and services that help businesses accept more checks and increase cash flow while reducing risk.
Woodforest Merchant Services not only offers the best in merchant products, we also offer solutions with a competitive pricing advantage. We understand that every business is unique and special. We know what may work for a restaurant owner, may not work for an auto repair shop. Let us learn more about your business and we will recommend a comprehensive processing solution tailored to your specific needs and budget.
Call us today and speak with one of our specialists.
Becoming a customer with Woodforest Merchant Services is as easy as 1-2-3.
*New accounts are typically activated within 3 business days of receiving the signed application. All agreements are subject to approval.
Woodforest Merchant Services offers 24/7 technical support for your credit card processing by calling:
eProcessing Technical Support is available by calling:
800-971-0997 or 713-880-0327.
EZ Check Technical Support is available Monday through Friday from 7:00am - 7:00pm CST by calling:
800-797-5302 or 281-647-6911
Quick Reference Guides:
A Woodforest Merchant Account enables you to process credit cards, debit cards, gift cards and electronic check transactions. How you process, i.e. stand alone terminal, internet or over the phone, it’s unique to your business.
Credit is reviewed to assist us in determining the risk associated with sponsoring your transactions into the card association networks. When you send us a transaction to process, we issue you credit typically within 2-3 business days and those funds are made available for you to use. The transaction is posted to your customer’s statement and they have the right to dispute any charges applied to their account. If they dispute it, a chargeback may be generated which would be debited against your business checking account. A credit check is required to ensure you have the funds to cover any potential chargeback.
After the application has been submitted for underwriting, we will have a response within 24 hours (exceptions apply if additional information is needed). Once it’s approved, your account is active by midnight the day of the approval.
Terminals purchased from Woodforest will be shipped no later than the 2nd business day after the account is approved. Delivery or pick up is optional.
Yes, to ensure superior customer satisfaction, we test every terminal shipped.
Cards that can be accepted are: Visa, MasterCard®, Discover Network, American Express, and JCB. AMEX and JCB are subject to association approval.
This is the fixed percentage amount that is deducted from the transaction amount. It's a fee associated with collecting, assessing, approving, processing and settling credit card transactions.
Woodforest Merchant Services will collect information unique to your business to determine the best pricing. We look at average ticket, sales volume, the way you process (i.e. face-to-face), Internet, phone, credit card types, chargeback procedures, and conduct a risk assessment.
Your statement will have a summary of card deposits (broken down by Visa/MasterCard®/Discover/American Express), summary of card fees, summary of monetary batches (settlement of transactions), and summary of deposits.
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