Merchant MasterCard/Visa Program
Thank you for your interest in First National Bank in Alamogordo’s merchant Mastercard/Visa program. All of our merchants are Electronic Draft Capture (EDC), which means deposits flow into a checking account at FNB on a transaction basis.
All of your merchant needs are handled in Alamogordo. Our network processing system is VisaNet.
Equipment and Fee Schedule
Set up Fee (one time only) |
$50.00 |
Equipment Rental (terminal & printer) |
$19.50 per month |
Equipment Rental (terminal/ printer/pin pad) |
$29.50 per month |
Equipment Purchase (Omni 3750) |
$585.00 |
Equipment Purchase (Vx570) |
$585.00 |
Equipment Purchase (Vx510) |
$495.00 |
Equipment Purchase (Imprinter) |
$55.00 |
Equipment Purchase (Pin pad) |
$350.00 |
The discount rate will be collected on a monthly basis. A merchant’s discount rate will be determined by First National Bank upon completion of interview.
Additional Fees (if applicable)
Monthly Service Charge |
$10.00 per month |
| EDC Support Fee |
$1.00 per month |
Chargeback |
$10.00 each |
Voice Authorization |
$1.00 each |
Transaction Fees (MC/V/DIS/AM) |
$0.25 each |
It is necessary to provide First National Bank with a current financial statement or a copy of the last tax return. Corporations will need to furnish a copy of their articles of incorporation, and corporate resolution, along with current financial information. Upon approval, set-up time is approximately 2 weeks after application is received.
Features:
- No Contract to sign
- Deposits are made to your account
- All supplies are provided free of charge to our merchants at all branch locations
- No monthly hidden costs. All fees are outlined to merchant prior to service setup
- All applications are approved at First National Bank by our officers, who are familiar with local businesses
- Merchants may call First National Bank for all questions and concerns, and avoid dealing with out-of-state companies
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