Update 1/18/21: Deal is now 750. Valid until 04/01/2021.
Update 7/15/20: More people targeted for this. Also requires opening a chase total business checking account as well. Making this deal even worse than before. Hat tip to reader shilph
The Offer
No direct link, check your Just For You in your Chase Business login
- Chase is offering some business customers $750 when signing up for Chase Merchant Services and processing $500 in payments.
The Fine Print
- Valid through April 2, 2020
- Must be opened in-branch or over the phone
Our Verdict
Reader Sammy got this offer, and clarified that there aren’t really any fees to sign up for merchant services, just the 2.5%-2.9% card processing fees, so the overall costs to run $500 in processing are minimal. Not sure if they’ll send a 1099-MISC for this bonus.
I imagine a lot of people have some sort of business or another which processes that amount and take advantage of this offer if targeted. Seems like Chase is targeting people who recently opened a business account with Chase (probably a business checking account).
Hat tip to reader Sammy, Oliver, Celia
RELATED: What Are Merchant Services (Common Requirement For Business Banking Bonuses)?
