Merchant Services are provided by PNC Merchant Services Company and subject to application, credit review of the business and its owners, and approval. Promotional offer is only available for qualified new and approved Small Business Customers of PNC Merchant Services Company (“New PNC Merchants”) between January 1, 2026, and December 31, 2026 (“Promotional Period”). Existing customers of PNC Merchant Services Company (“PNCMS”) and businesses with more than $5 million in annual revenue (or more than $10 million in annual revenue if healthcare business) are excluded from this promotion.
To qualify for a statement credit, New PNC Merchants must (i) execute a PNC merchant agreement with PNCMS, (ii) establish a new PNC merchant services account approved by PNCMS (assigned a merchant account number) during the Promotional Period, (iii) use device(s) other than, or in addition to, the Electronic Payments Center (“EPC”), Clover® Go, and/or Clover® Account-Only and (iv) submit Valid Transactions to PNCMS for processing with a gross dollar value during the first ninety (90) days from Merchant Account Activation that equals (A) $375,000.00 or more (“Threshold 1”), (B) $125,000.00 to $374,999.99 (“Threshold 2”), (C) $75,000.00 to $124,999.99 (“Threshold 3”), and (D) $22,500.00 to $74,999.99 (“Threshold 4”). Projected annual transaction volumes for each threshold are: (i) $1,500,000 and above for Threshold 1, (ii) $500,000.00 to $1,499,999.99 for Threshold 2, (iii) $300,000.00 to $499,999.99 for Threshold 3, and (iv) 90,000.00 to $299,999.99 for Threshold 4.
A statement credit will be issued typically within two billing cycles once PNCMS determines all qualifying criteria have been satisfied. New PNC Merchants meeting Threshold 1 will be issued a statement credit equal to $1,000.00. New PNC Merchants meeting Threshold 2 will be issued a statement credit equal to $400.00. New PNC Merchants meeting Threshold 3 will be issued a statement credit equal to $250.00. New PNC Merchants meeting Threshold 4 will be issued a statement credit equal to $150.00.
Any earned statement credit will be forfeited if the PNCMS account is closed before the credit is applied. Statement credits may be reported on IRS Form 1099-INT (or other appropriate tax form) for the year in which they are received.
For purposes of this promotion: “Valid Transactions” are debit or credit card transactions submitted to PNCMS for full-service processing (authorization and settlement) and do not include authorization-only transactions, Electronic Payment Center (“EPC”) transactions, Clover® Go transactions or Clover® Account Only transactions; “Merchant Account Activation” means the first live, non-test transaction submitted to PNCMS for processing with a dollar value equal to or above $25.01; and “Small Business Customer” means either (a) health care business with annual revenue less than $10 million or (b) any other business industry with annual revenue less than $5 million.
PNCMS reserves the right, in its sole discretion, to modify, suspend, withdraw the qualifying criteria, statement credits, or the promotion at any time. This promotion cannot be combined with any other PNCMS offer.
Customers must establish a new merchant account (subject to application, credit review of the business and its owners, and approval) and execute a merchant services agreement with PNC Merchant Services Company.
Subject to availability, point-of-sale devices (including Clover devices) are purchased from PNC Merchant Services Company. Purchased devices are not returnable or refundable. Equipment lease options may be available from a third-party, subject to separate agreement that cannot be cancelled. In addition to procurement cost, other fees associated with the use of any point-of-sale device will apply.
Except as is otherwise set forth in your agreement for merchant services, your funds for transactions will ordinarily be processed and transferred to select PNC business checking accounts within one business day from the time PNC Merchant Services receives your batch (which is an electronic file containing your card transactions). If a batch is received after our cut-off time of 10:00 PM ET, or on a day that is not a business day, we will generally consider the batch as being received on the next business day. Business day means Monday through Friday, excluding Federal holidays.
Rapid Deposit is a registered mark of Clover Network, Inc., a wholly owned subsidiary of Fiserv, Inc. Eligibility for use of Rapid Deposit is determined by Clover.
Clover, a Fiserv company, has enabled certain Clover devices with an application to enroll in its Clover Rapid Deposit service, offering you the ability to request faster access to your card proceeds. Clover Rapid Deposit is a third-party service feature and you will be subject to the terms and conditions agreed upon when you enroll in the service. There will be a 1% fee per transaction request when using the Rapid Deposit service.
PLEASE BE ADVISED THAT IF YOUR DEPOSITORY BANK HAS A CUT-OFF TIME FOR POSTING DEPOSITS TO YOUR BANK ACCOUNT, YOU MAY NOT RECEIVE YOUR RAPID DEPOSIT FUNDS UNTIL THE NEXT BUSINESS DAY. PLEASE CONTACT YOUR DEPOSITORY BANK FOR INFORMATION ON DEPOSIT CUT-OFF TIMES.
Maximum daily total deposit limitations and individual transactions in a 24-hour period is dependent on merchant account processing status and sales volume. See your Rapid Deposit agreement for details. Deposit limits disclosed with your debit card will also apply.
PNC Merchant Services is not responsible for any third-party services, including the Clover Rapid Deposit Service. The Clover Rapid Deposit Service is subject to Clover’s terms and conditions and fees. You are responsible for selecting your third-party services. If you enroll in Clover Rapid Deposit using the Clover device associated with your PNC Merchant Services account, PNC Merchant Services may receive a share of the revenue.
Except as is otherwise set forth in your agreement for merchant services, your funds for transactions will ordinarily be processed and transferred to select PNC business checking accounts within one business day from the time PNC Merchant Services receives your batch (which is an electronic file containing your card transactions). If a batch is received after our cut-off time of 10:00 PM ET, or on a day that is not a business day, we will generally consider the batch as being received on the next business day. Business day means Monday through Friday, excluding Federal holidays.
Wi-Fi access or cellular data may be required. Additional costs for cellular data usage.
A separate software package is required to use Clover devices and subject to agreement and fees directly with Clover. Clover may also assess additional fees for continued use of end-of-service Clover devices, as determined by Clover. Certain other features and functions for Clover devices may also require third-party applications subject to terms of the developer and/or additional fees. These software packages and apps are not provided by PNC Merchant Services. PNC Merchant Services is not responsible for these apps or Clover software packages, or fees charged by Clover or other third-parties. However, PNC Merchant Services may receive a commission.
This product or service is offered from an affiliate of PNC Merchant Services Company or one of its third-party partners. Separate contract and fees apply. Should you elect to receive these services, PNC Merchant Services Company may receive a commission.
Clover Security features from PNC Merchant Services include solutions that offer data encryption, tokenization and software monitoring for virus protection. These services are offered through TransArmor and Clover Security, and are only available for a fee. PNC Merchant Services is not liable for any breach that occurs and it is the customer’s obligation to comply with all data security requirements related to the use of the offered security features. PNC Merchant Services makes no representations, warranties or guarantees regarding your use of the security features.
