Commerce Bank offers the following advanced processing solutions for NAED members, including:
- Credit/debit card acceptance
- Electronic check processing
- E-commerce
- Wireless mobile
- Multiple reporting options
Key Benefits to NAED members:
- Improve your cash flow with quicker access to electronically processed funds
- Save money by reducing operating costs with lower card processing fees for NAED members
- Access dedicated in-house customer service professionals from Commerce Bank
- Minimize your exposure to fraud and risk
Commerce Bank Industry Rankings:
- In 2009, Bank Director magazine ranked Commerce as one of the nation’s top 50 publicly traded bank holding companies for stability and soundness.*
- Based on market capitalization as of December 31, 2009, Commerce Bank is the largest commercial bank which chose not to accept TARP funds.
- Commerce Bancshares, Inc. was ranked number three on the Forbes Magazine, January 18, 2010 list of America’s Best Banks
* Bank Director magazine, 1st Qtr, 2010: 2009 Bank Performance Scorecard for the yearly period July 2008 to June 2009.
Click here for answers to Frequently Asked Questions, or you can reach a Commerce Bank representative by phone or email.
How to Contact Commerce Bank:
- Michael Hadley, Commerce Bank Account Representative – 314-746-8718
- E-mail: NAED Member Inquiry
Frequently Asked Questions and Comments
“What is the Commerce Bank Credit Card Acceptance Program?”
Commerce Bank’s payment processing solutions allow businesses to process payments taken over the phone, in person, by mail order or via the Internet. Commerce Bank provides electronic payment processing services, specifically credit and debit card processing which provide additional value to NAED members by addressing several key areas, including improved cash flow, risk mitigation and reduced credit exposure.
“What are the benefits for NAED member distributors?”
As a member, you will be offered exclusive pricing that can help save your business money. The Commerce Bank Credit Card Acceptance Program provides NAED members access to processing solutions that can help reduce operating costs and improving cash flow. Additionally, you will benefit from a consultative service approach that helps your business achieve its objectives.
“Do I have to pay in order to participate in the program?”
In coordination with NAED, Commerce Bank is offering special pricing exclusively to NAED members. If you choose these services, Commerce Bank will be offering you discounted pricing for your payment processing needs.
“How do I get an account set up?”
Getting set up is very easy. You can contact a Michael Hadley, Commerce Bank's designated account representative at 314-746-8718. Commerce's representatives have high levels of expertise and are available to help you set up your account.
“Why is switching processors good for my business?”
Switching processors allows you to take advantage of special pricing only available to NAED members. Commerce Bank has exclusive and very competitive rates coupled with dedicated service teams. This is all backed by a safe and strong bank that consistently ranks among the top ten nationally in terms of financial strength amongst its peers.
“I cannot switch processors now. I am in the middle of a contract.”
Commerce Bank’s high level of service and support benefits along with potential cost savings may outweigh cancellation fees. Additionally, you may realize improved cash flow with electronic transactions making most funds available within 24 to 48 hours.
“I don’t see the value in changing processors.”
Commerce Bank is offering exclusive rates for NAED members. The rates are extremely competitive and Commerce’s service is best in class. Commerce Bank also separates itself from other processors by providing value as a full service bank – it offers deposit accounts, business loans, and other banking needs. By truly understanding how you do business, Commerce Bank will work to provide a solution and cost structure that best suits your needs.
“We do not process cards. They are too expensive.”
This is a common concern. Many times the financial benefits of accepting cards may outweigh the costs. Additionally, accepting cards offer customers another way to pay and can boost average sales, while potentially improving cash flow by making most funds available within 24 to 48 hours.
“I already have a good discount rate.”
Discount rate is only one factor in your pricing and how you process cards can affect what you truly pay - you could possibly be wasting money. A cost analysis can help determine if your rate is truly low. Commerce may also be able to suggest more efficient processing methods that can help reduce back office expenses as well.