The MerchantCard is a virtual bank account and business card aimed at business owners and their employees, which features all capabilities of a traditional bank and debit card relationship, without the need for a bank account.
The MerchantCard can be used for purchases or to access cash anywhere MasterCard is accepted worldwide. Merchants can manage their funds via a series of features such as automatic email and text alerts. They can transfer funds to and from multiple cards and bank accounts, plus restrict use at any time. In addition, merchants can gain access to credit and debit card processing funds by having their daily settlement deposited on the MerchantCard. Merchants also earn cash back every time their cards are used at the point-of-sale.
Merchants can order and activate cards, manage expenses, pay bills, load and transfer funds via the MCR’s virtual business center.
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