Chase Merchant Services Offer, Get $1,000 When You Sign Up
Chase has an offer for business customers with a huge bonus for signing up for a new Merchant Services account. This offer is usually for $500 or $750, so it’s much better this time around. Most likely you will receive this offer, or similar ones, when opening a Chase Business account. Let’s take a look at the details.
The offer
To get this $1,000 bonus, you must complete the following requirements:
- complete an application by 10/27/2023;
- get approved by Chase;
- activate a new Chase Payment Solutions account; and
- process $2,000 of credit and/or debit card payments (not including fees) over at least five transactions by 12/27/2023.
Key Terms
- Customers can only receive a total of two Chase Payment Solutions® bonuses every 12 months from the last offer enrollment date.
- To receive this bonus, the enrolled merchant services account must not be closed or restricted at the time of payout.
- The cash bonus will be deposited into your Chase settlement account within 15 days after the requirements are met.
- Employees of JPMorgan Chase Bank, N.A. and our affiliates are not eligible.
- Bonuses are considered interest and may be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
- Offer applies only to Chase Mobile Checkout, portable terminals (Ingenico Move5000, Ingenico iWL250, Verifone Vx680), countertop terminals (Ingenico Desk 5000, Ingenico ICT250, Verifone Vx520) or Orbital Virtual Terminal, with the exception of any payment solutions paired with partner software solution.
Conclusion
Chase Merchant Services has no upfront or monthly fees. You just need to pay processing fees for the transactions that are required to complete the bonus. The processing fees are either 2.6% + 10 cents per tap, dip, or swipe, or 3.5% + 10 cents per keyed in transaction.
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isn’t that the $2000 payment that you receive into your account is taxable as well?
if this is the case, your business in total receive $3000 ($2000 from payment , $1000 from chase bonus) and assume the average tax rate is 30%, you will end up paying extra tax of $900. Effectively you are only receiving $100 bonus.
Yes any bonus like this is taxable.
Where do you find this promo link?
If these were ultimate rewards points, then I would be all over this.