Elan Merchant Accounts - MasterCard/VISA

At Bank of Elmwood, we offer complete and customized support for processing your customer's credit purchases, both electronically and by Audio Response Authorizations (ARU).

Instant electronic authorization or Electronic Draft Capture (EDC) reduces processing costs and maximizes your cash flow.

Expenses involved with EDC:

Monthly membership fee is $2.00
Monthly support fee is $6.00
Ticket charges per transaction deposited
Charge on each sale $0.21 - $0.23
Network authorization fee $0.10
Equipment leased for $27.00/month or purchased for $495.

Expenses involved with Audio Response Authorizations:

Monthly membership fee $5.00
Ticket charges of $0.25 per sale
A percent charge on each sale
Voice authorization at $0.55 per occurrence
No equipment needed.

Corporate Credit cards are also available.