Accept payments anytime, anywhere
BMO partners with Elavon to offer payment processing solutions to help your business improve cash flow, grow sales, and stay in control of finances—all with no long-term commitments, and U.S.-based customer service when you need it.
The right payment solution can benefit your business
Whether you run a restaurant, an ecommerce site, or a landscaping business, Elavon has solutions to meet your unique business needs and make accepting payments easier for you and your customers.
Increase sales
Ensure your business doesn’t miss a sale by accepting all payment types, from card payments in-store and online to contactless payment methods like mobile wallets and tap-to-pay.
Improve cash flow
Access funds from credit and debit card transactions fast, with options from next day funding when deposited into a BMO business checking account, to funding available within hours – including weekends and holidays.
Enhance security
From contactless payments and EMV to PCI-DSS and end-to-end encryption, your customer payment data is protected by the latest authentication and security technology.
Simplify payments with intuitive technology to help your business grow
Customized payment acceptance solutions — Whether in-store, online, with mobile wallet using a terminal, tablet, mobile device, or integrated point-of-sale (POS) solution, you have flexible payment acceptance options.- Competitive pricing — Clear and transparent pricing with no long-term contracts, plus flexible hardware options, available to rent or buy.
- Reliable support — A friendly, U.S.-based customer support team is ready and waiting to help when you need it most.
- Business management tools — Customized online reporting and support tools provide you with the right data to help you make smart decisions.
Get rewarded for your sales
Up to a $100 monthly credit
When you deposit Elavon card sales settlements into a BMO Elite Business Checking account footnote 2
Additional Merchant Services benefits
E-commerce solutions
Expand your business online and reach more customers with solutions to create a web-based store to accept payments online.
Cost reduction options
Payment optimization programs to help your business reduce card acceptance costs, mitigate risk and meet industry and card brand compliance standards.
Industry specific solutions
From restaurants and bars to services and retailers, Elavon POS solutions can be tailored to meet the unique needs of nearly any industry.
Accepting payments is just the beginning
Merchant Services can help you improve cash flow, grow sales, and stay in control of finances – all with no long-term commitments and U.S.-based customer service when you need it.
Talk to an Elavon Merchant Services specialist
Merchant Services FAQs
A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. The merchant account acts as the middleman between the swiping of the card and the deposit of the money into a business deposit account. It allows businesses to receive the money for transactions almost immediately instead of waiting for the customer to pay their credit card bills.
Yes. If you conduct traditional commerce or ecommerce, you will almost certainly need a merchant account. All merchants that accept credit cards have a merchant account of some kind.
The type of equipment and technology needed will depend on what types of transactions your business accepts and where.
The first step is to speak with a BMO Banker to assess the needs of your business. You can also request a call, or call 1-855-829-9577 to speak with an Elavon Merchant Services specialist.
Take the next step toward better business banking
Let us contact you
We’ll reach out at your convenience.
Call us
Talk to an Elavon Merchant Services specialist.
Visit us
Meet with a BMO Business Banker to talk about how we can help your business.
Footnote 1 details Merchants with an annual processing volume of $25,000 to $499,999.99 will receive a merchant services statement credit based on their annual processing volume as indicated by merchant on the Elavon Merchant Processing Application.
Merchants with $25,000 to $99,999.99 in annual processing volume are eligible for a $100 statement credit
Merchants with $100,000 to $499,999.99 in annual processing volume are eligible for a $300 statement credit
- Merchants with an annual processing volume of $500,000 or more will receive a merchant services statement credit based on their demonstrated annual processing volume, as supported by three consecutive months of payment processing statements within the last six months from their current processor.
Merchants with $500,000 to $999,999.99 in annual processing volume are eligible for a $600 statement credit
Merchants with $1,000,000 or more in annual processing volume are eligible for a $1,200 statement credit
- To qualify for the statement credit, merchants must (1) be approved and open a new Merchant Services account with Elavon between November 1, 2025, and October 31, 2026, and (2) activate their merchant services account within 30 days of account approval. A new merchant services account is activated by authorizing and settling a $10 minimum payment transaction. The statement credit will be applied to your Merchant Services account in two equal installments. The first installment will be applied within 60 days of account activation. The second installment will be applied within 180 days after account activation, if your merchant account is open, active and in good standing. All merchant account applications are subject to underwriting and approval by Elavon. Limit one (1) incentive offer per Merchant Business Entity, regardless of the number of business locations or merchant accounts established. Offer available for new merchant services customers only. Offer excludes Elavon Mobile solutions. This offer may be extended, modified or discontinued at any time without notice and is subject to applicable laws, rules and regulations.
- Footnote 2 details BMO Incentive for Elavon Merchant Services Users: Receive a credit from BMO based on your use of Elavon Merchant Services referred by BMO Bank N.A. Incentive is calculated monthly based on the total ACH credits posted from Elavon bank card sales settlements during the prior calendar month and your Relationship Package level:
- Elite Silver Relationship Package 0.045% of prior month's settlements
- Elite Gold Relationship Package 0.05% of prior month’s settlements
- Elite Platinum Relationship Package 0.06% of prior month’s settlements
- Elite Diamond Relationship Package 0.08% of prior month’s settlements
- Incentive will be credited by BMO to your BMO Elite Business Checking Account by the fifth Business Day of the following month. Incentive is limited to $100 per month per BMO Elite Business Checking Account. If you change your Account type, the incentive for that month will be based on ACH credits posted from Elavon bank card sales settlements while the Account was a BMO Elite Business Checking Account. If the BMO Elite Business Checking Account is closed, the incentive will not be paid.
- Merchant Services are made available by Elavon, Inc. and its affiliated entities which may be involved in providing any portion of the service (together, “Elavon”). BMO Bank N.A. (BMO) and Elavon are separate legal entities, which are not affiliated companies by common ownership, management, or control. BMO makes no representations or warranties either express or implied, of any kind with respect to the Merchant Services or any other products and services made available by Elavon, including, without limitation, those of merchantability and fitness for a particular purpose. Products and services made available by Elavon are subject to its management and credit approval. Elavon’s governing agreements contain the complete terms and conditions that apply to Elavon’s products and services. All product and service features are subject to change at any time without notice. Elavon is a registered trademark in the United States and/or other countries.
- Banking products are subject to approval and are provided in the United States by BMO Bank N.A. Member FDIC