- PNC Bank unveils PNC Mobile Accept®, a new pay-as-you-go payment processing solution for micro businesses with under $300,000 in annual card transactions.
- The service, integrated into PNC Mobile Banking App, features no monthly fees, offering manual or pocket-sized reader card payments.
- Funds are typically available within two business days, enhancing cash flow efficiency for small businesses.
PNC Bank has announced the launch of its innovative payment processing solution, PNC Mobile Accept®, designed for micro businesses handling less than $300,000 in card transactions annually. This solution seamlessly integrates with the PNC Mobile Banking App, allowing business owners to process credit and debit card payments through manual entry or a compact card reader supporting tap, dip, or swipe transactions.
A significant advantage of PNC Mobile Accept is its pay-as-you-go pricing with no monthly fees, addressing a common barrier to entry for micro businesses in the digital payments space. The service includes features such as tax-and-tip functionality, cardholder data encryption, and near real-time transaction tracking.
Funds from transactions are typically available within two business days, providing fast access that helps improve cash flow management for small businesses. PNC Mobile Accept is available to PNC small business clients maintaining active business checking accounts, reinforcing PNC's commitment to supporting small enterprises.
The service is offered through Tempus Technologies, a subsidiary of PNC Bank. This strategic move positions PNC to strengthen its foothold in the small business banking market, catering to the needs of micro enterprises that have faced challenges with traditional payment solutions.