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Merchant Banking

Simplify your company's operations and offer your customers a variety of payment options by installing an electronic Point of Sale (POS) terminal to accept credit cards in a fast and secure manner. POS equipment electronically authorizes all major credit card transactions and automatically deposits the funds into your account.

This service is available for most types of businesses and can be installed in a number of key locations. We provide technical support seven days a week. Take advantage of this excellent service that can help you increase your sales volume.

  • Fast availability of deposited funds.
  • Reduces the possibility of fraud.
  • Eliminates returned checks.
  • Reduces check handling costs.
  • Daily reporting and copies of all transactions, which provides a complete audit trail for easy reconcilement and monitoring of credit card transactions.
  • Electronic settlement processing on VISA, MasterCard, American Express, Diner's Club, Discover, and check authorization so your account is credited faster.

Application Procedure:

  • Completed Merchant application.
  • Copy of current business license.
  • Copy of the last 2 years corporate tax return (or individual, if sole proprietorship or new business).
  • Copy of corporate financial statement (or personal, if sole proprietorship or new business).
  • Corporate Resolution or LLC/ LLP Security & Agreement Letter(s).
  • Copies of merchant statements for last three (3) months (if applicable).
  • Projected annual bankcard volume.
  • Proof of identification (2 photo IDs are required).

FirstBank Merchant Accounts are subject to credit approval. A credit report will be conducted on the principal applicant(s) and authorized signers. Other forms of identification might be required.


Contacts:

St. Thomas/St. John: Andrea Quetel (340) 775-8837 or (340) 775-8839
andrea.quetel@firstbankvi.com or merchant@firstbankvi.com

St. Croix: Levelle Christian (340) 772-6230
levelle.christian@firstbankvi.com or vicommercialsales@firstbankvi.com

Tortola: Shevone Thomas (284) 496-7248
shevone.thomas@firstbankvi.com or merchant@firstbankvi.com