Arvest Merchant Services provides a variety of solutions that allows business customers throughout the bank’s four-state footprint to accept credit and debit cards. Additionally, local merchant relationship advisors provide dedicated support to their customers. When you choose Arvest for your merchant services, you will experience:
- Local customer service – we have dedicated merchant services relationship advisors that will assist you from the initial application and beyond.
- Experience – Arvest’s credit card division has provided credit card services for more than 30 years, offering competitive card products and exceptional support that strives to exceed the financial expectations of its customers.
- Competitive rates – we proudly offer competitive rates and a free, no-obligation analysis of your current processor.
In 2021, Arvest Merchant Services posted records in both transaction count (4.7 million) and sales volume ($968.8 million). Those totals are up 29.5 percent and 19.3 percent, respectively, over 2020.
“We are proud of the growth last year, which can be attributed to a variety of factors,” said Lorrie Madden, president of Arvest’s credit card division. “One of the most significant in terms of merchant purchase volume was the increased move from purchases made with cash and checks to purchases made with a card and, specifically, tap-to-pay or contactless purchases. It seems the pandemic increased customers’ willingness to use these capabilities and minimize the need to touch devices and have others handle their cards.
“Arvest has offered contactless cards and wallet applications that are supported by our merchant services solutions for some time now and it seems more businesses are making the necessary moves to align with these customer preferences. The trend is continuing this year and it’s reflected by additional growth in merchant purchase volume.”
We truly appreciate our customers this past year and look forward to supporting their merchant services needs throughout 2022. If you are ready to take your business to the next level, you can learn more about Arvest Merchant Services here.