PNC Bank, headquartered in Pittsburgh, has introduced PNC Mobile Accept, a payment feature integrated into the PNC Mobile app, aimed at enabling micro business clients to accept in-person credit and debit card payments directly from a mobile device.

Targeted at businesses with annual card transactions below US$300,000, the self-service solution allows users to process payments through manual card entry or via a compact reader that supports tap, dip, and swipe transactions.

There is no monthly fee, and funds from transactions are typically available within two business days.

“Micro businesses are often left behind by traditional card payment solutions due to high fees, restrictive card programmes and approval delays,”

said Matt Evans, head of PNC Merchant Services for Small Businesses.

“With PNC Mobile Accept, we’re meeting small businesses where they are, delivering enterprise-grade payments capabilities at micro business scale, fast, affordable, and accessible.”

The solution also includes features such as tax and tip entry, encrypted cardholder data, and near real-time transaction tracking.

It supports all major credit card providers and is suited for mobile businesses lacking a convenient way to accept card payments.

PNC small business clients with an active business current account can apply for the service at any PNC Bank branch or online.

Featured image credit: PNC Bank