Chase Merchant Services Bonus

Chase is targeting some customers with a big bonus for signing up for a new Merchant Services account. Most likely you will receive this offer, or similar ones, when opening a Chase Business account. The offer was sent out by email.

Offer

Here’s how you can get this $500 bonus:

• Present this offer at any Chase branch or enter your information into our online form.
• Open a new Chase Merchant Services account and a new eligible Chase business checking account. For new merchant services customers only.
• Complete qualifying activities: Activate your account and settle $1,500 or more into your Chase business checking account within 90 days of the coupon enrollment date

This offer was sent out by email, but you can also check your Chase business accounts, in the Just for You section. Offer expires 07/23/2021.

Offer Terms

• Customers that are currently processing with Chase Merchant Services, or have participated in a similar offer 12 months from enrollment date do not qualify.
• The offer is valid for new U.S customers through 07/23/2021.
• 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.

Guru’s Wrap-up

I’m not sure what fees you would have to pay to sign up for Chase Merchant Services. I looked through the Chase website and I don’t see any monthly fees mentioned. It could be that you just pay processing fees for whatever card payments you take. You need to have $1,500 or more settled into your Chase business checking account within 90 days to get this bonus, and obviously you need to have a Chase business checking account. Check your emails or Chase business accounts for this offer. Let me know if you have it! We have seen an offer for $750 in the past, but $500 is also a good bonus.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.