Arlington Heights Merchant Banc FAQs

The best place is to meet at your location. The bank requires a site inspection. (more)

A: Usually, there are two components to the cost of processing each transaction: a per item fee (usually between $0.10 and $0.40) and a fee that is a percentage of the transaction amount, called a “Discount Rate.”

The discount rate can vary substantially from one processor to another. It commonly is between 1.5 – 3.5%, based on the type of credit card and the method of processing used. For example, if the discount rate offered is 3%, and you receive a payment of $100 you will be charged $3 as the processing fee. Most of this money goes to the card issuing company such as Visa, MasterCard, etc. (they call this an ‘Interchange’ fee). (more)

We love start ups. Please call me at 847 398 6210 (more)