Bank One Visa Merchant Account: Premier Electronic Payment Solutions
Bank One Visa merchant account processing are services provided by a bank or a third party processor on behalf of the bank. This service is provided to the merchant and includes authorization of credit cards, settlement of funds through the bank associations such as with MasterCard or Visa, depositing of funds to checking accounts, merchant billing, and account activity reporting.
If you already have a retail merchant account, you still need a separate Bank One Visa merchant account. In fact, financial institutions and the Visa / MasterCard Card Associations have different criteria for evaluating the potential risk involved in credit card transactions where the card is not physically presented to the merchant. This type of business is typically referred to as card-not-present or mail order or telephone order. This is why a separate merchant account is needed.
The Bank One Visa merchant account delivers premier electronic payment solutions for merchant acquiring, point-of-sale transaction processing, and commercial card programs. Bank One is the largest merchant processor in the United States of America. The professional and experienced team behind Bank One ensures that you get the absolute best service in support of your credit card processing needs.
If you have a Bank One Visa merchant account, your funds will be automatically transferred to your business checking account via an electronic Automated Clearing House (ACH) transfer five business days after a transaction has been "captured" and settled for payment. For example, credit card transactions submitted on a Wednesday will be funded the following week on a Tuesday. Bank One has instituted this policy as an additional protection for you and your Internet transactions.