The free Grant Program is open to any business that is starting up, restarting, or recovering from the effects of the Coronavirus. The Grant is part of our Jump Start Package that includes your free PayAnywhere terminal and a merchant account from North American Bankcard. The amount of the Grant is based on 5% of the processing volume of your first FULL month of processing. So, for instance if you enrolled in June 2020; July 2020 would be your first full month.
Let’s say you processed $10,000 in charges. Your Grant would be $10,000 x 5% = $500. If your processed $20,000 it would be $1000. The Grant is capped at $1000 and will be paid out during the second full month of processing.
The Merchant Credit Card Processing Account that we set up offers a choice of pricing. Our near zero cost Edge program is by far the most popular. It’s an alternative cash discount program that passes the cost of the transaction to the customer with full disclosure, resulting it no, or very little cost to you as a merchant. We also offer conventional merchant account pricing at competitive rates. You can review the two different program features here: North American Bankcard – Credit Card Processing