Give your customers easy payment options
Easily and efficiently process card payments and digital payments to give your customers an exceptional checkout experience.
Overview
RCU has partnered with Select Bankcard1 to provide you some of the best merchant services and payment processing products for your business.
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Highlights
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Account fees waived
When you sign up for RCU merchant services, we’ll waive the minimum balance fees on your active Business Savings, Essential Checking, or Choice Checking account.
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Flat Fee Program
Qualified small businesses may be eligible for our predictable Flat Fee Program that offers a low monthly service fee and set processing rates. Ask us for details.
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E-commerce integrations
Add a payment gateway on your website to synchronize your online and offline sales channels and ensure a smooth, secure online checkout experience.
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Contactless point of sale solutions
Accept all payment types including chip cards, mobile wallet, and contactless cards via customizable, cloud-based options. This allows your customers to scan, dip, or swipe to pay at your business.
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And more...
Additional services
Loyalty programs
Boost customer spending and increase visits with easy-to-use loyalty programs.3
Gift cards
Easily issue and manage your business-branded gift cards.3
Data breach protection
Safeguard your business against data breaches with PCI compliance.3
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Schedule an appointment
You can schedule a 30-minute call with a business account specialist to discuss your options.
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Set up services you need
After your personalized consultation, you can set up the services that are best suited for your business.
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Grow your business
Use the services you select to run your business more efficiently and focus on what matters most.
Delight your customers with a seamless purchasing experience
Let your customers pay the way they want with easy payment processing and merchant services.
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1Redwood Credit Union partners with select third-party vendors to provide merchant services as a benefit to our Members. All fees/rates are set and charged by the third-party vendor and are separate from RCU.
2Intuit and QuickBooks® are trademarks and service marks of Intuit Inc., registered in the United States and other countries.
3Additional fees apply.
Highlights
Account fees waived
When you sign up for RCU merchant services, we’ll waive the minimum balance fees on your active Business Savings, Essential Checking, or Choice Checking account.
View Cost Recovery and Fee ScheduleFlat Fee Program
Qualified small businesses may be eligible for our predictable Flat Fee Program that offers a low monthly service fee and set processing rates. Ask us for details.
E-commerce integrations
Add a payment gateway on your website to synchronize your online and offline sales channels and ensure a smooth, secure online checkout experience.
Contactless point of sale solutions
Accept all payment types including chip cards, mobile wallet, and contactless cards via customizable, cloud-based options. This allows your customers to scan, dip, or swipe to pay at your business.
Automatic credit card payment deposits
Automatic payment deposit is one of the best ways to improve your cash flow. It allows you to spend less time manually depositing your business's incoming funds.
Accept all major credit cards
Provide your customers the flexibility to pay with whichever credit card they have.
Analytics
You can improve your business by learning from customers. With the analytics provided through RCU, you can start learning from your customer's purchases at your business.
Interchange pricing options
With interchange pricing options you can provide more transparent charges as opposed to tiered or blended pricing for your customers.
Quickbooks®2 integration and processing
By integrating Quickbooks into your system you can easily take care of accounting tasks, save time, and have accurate books done automatically.
Set Up Merchant Services
RCU has partnered with The City POS to provide you the best merchant services and payment processing products for your business.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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