Explore Payment Options for Your Business

Digital applications continue to provide your customers with new and convenient ways to pay for products and services.

Our expert Commercial Deposit team can help you identify and utilize the best customer payment option to suit your business needs.

Common Business Payment Options Include:

Cash

Paying with cash is simple. You don’t have to wait for funds to transfer, and there aren’t processing fees involved. Handling large amounts of cash can present a security risk, so it’s not ideal for large transactions. We can meet with you to review your number monthly of transactions to ensure proper cash flow management.

Credit/Debit Cards

Cards are common for in-person and e-commerce transactions. Card chips and fraud detection services provide more secure transactions. You must have a point-of-sale (POS) system to accept credit and debit cards, so you’ll need a reliable internet connection. Our team can help you coordinate your POS system with a business checking account.

Mobile Payments

Customers can use smartphones to pay for goods and services. Applications such as Google Pay, Samsung Pay, and Apple Pay are faster than card transactions, but not every customer is comfortable making mobile payments. You’ll need a compatible POS system to accept these payments.

Bank Transfers

Also known as electronic fund transfers, bank transfers send funds from a customer’s account directly to your business account. That’s beneficial for large transactions, but it can take time to process the payment. The Croghan team is well-versed in ACH transactions and bank/wire transfers and can help you get setup to monitor these transactions.

Contact our Commercial Deposit Team to learn more about your business payment options.