What is a merchant service provider?

A merchant service provider provides the tools necessary for businesses to successfully process credit card transactions.

NTD Payment Solutions provides a merchant bank account, processes credit card transactions, and forwards the funds from those transactions into the merchant's bank account. In order to uphold the relationship with our merchants, NTD Payment Solutions provides processing equipment, merchant statement and reports, risk management, and customer service.


How do I apply for a merchant account?

Applying for a merchant account with NTD Payment Solutions is easy.

Simply fill out the form, and we’ll be in touch with you shortly to help get you set up. You may also apply by phone at 847-977-6051.


How long after I apply for an account can I start accepting credit cards?

Usually within 1-2 business days. The process of setting up a new merchant includes getting approved by underwriting and setting up

or re-programming equipment or software.


When is money deposited into my account?

When it’s time to settle (or close) the batch, the merchant transmits all the authorization codes to their credit card processor, who sorts and forwards them on to the appropriate issuing banks. The banks release the funds to the processor, who deposits them into the merchant’s bank account. This step is typically completed within 24-48 hours of the transaction.


What is PCI and why was I assessed a fee?

The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that ALL companies that process, store or transmit credit card information maintain a secure environment. Essentially any merchant that has a Merchant ID (MID).


The Payment Card Industry Security Standards Council (PCI SSC) was launched on September 7, 2006 to manage the ongoing evolution of the Payment Card Industry (PCI) security standards with focus on improving payment account security throughout the transaction process. The PCI DSS is administered and managed by the PCI SSC (www.pcisecuritystandards.org),an independent body that was created by the major payment card brands (Visa, MasterCard, American Express, Discover and JCB).

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