PNC Bank Launches PNC Mobile Accept®, A New Pay-As-You-Go Payment Processing Solution for Micro Businesses

Rhea-AI Summary

PNC Bank has introduced PNC Mobile Accept®, a new payment processing solution designed specifically for micro businesses processing under $300,000 in card transactions annually. The solution integrates directly with the PNC Mobile Banking App, allowing business owners to accept credit and debit card payments through manual entry or a pocket-sized reader supporting tap, dip, or swipe transactions. Key features include tax-and-tip functionality, cardholder data encryption, and near real-time transaction tracking, with funds typically available within two business days. The pay-as-you-go solution requires no monthly fees and is available to PNC small business clients with active business checking accounts. The service, provided through PNC's subsidiary Tempus Technologies, aims to address the challenges micro businesses face with traditional payment solutions.

Positive

• Solution specifically targets underserved micro businesses processing under $300,000 in annual card transactions
• No monthly fees, making it cost-effective for small businesses
• Fast access to funds with typical settlement within two business days
• Comprehensive payment acceptance capabilities including tap, dip, and swipe transactions
• Enhanced security features with cardholder data encryption

Negative

• Limited availability to only PNC business checking account holders
• Requires additional hardware (card reader) for certain transaction types

Insights

Banking and FinTech Specialist

PNC's new Mobile Accept solution targets underserved micro-merchants with a zero monthly fee payment processing option, potentially growing its SMB market share.

PNC Bank has strategically expanded its small business offerings with the launch of PNC Mobile Accept®, a payment processing solution specifically designed for micro-merchants processing under $300,000 in annual card transactions. The key differentiator here is the pay-as-you-go pricing model with no monthly fees, addressing a critical pain point for very small businesses that have historically been excluded from the digital payments ecosystem due to prohibitive fee structures.

The integration directly within PNC's existing mobile banking app creates a unified financial management hub for small business owners, eliminating the need to juggle multiple platforms. This represents a clear competitive response to fintech disruptors like Square and PayPal who have captured significant market share in this segment. By offering both manual card entry and a physical card reader supporting tap, dip, and swipe transactions, PNC is ensuring flexibility for various merchant scenarios.

While the press release doesn't specify the per-transaction fee structure, this move positions PNC to potentially capture a larger share of the massive small business banking market by addressing the long tail of micro-merchants. The solution also strengthens customer retention by deepening relationships with existing business checking account holders, as the service requires an active PNC business account. This creates a strategic cross-selling opportunity while potentially reducing customer churn. The processing timeline of funds availability within two business days aligns with industry standards, neither exceeding nor falling behind competitive offerings.

New solution enables small businesses to securely accept card payments via the PNC Mobile Banking App

PITTSBURGH, June 11, 2025 /PRNewswire/ -- PNC Bank today announced the launch of PNC Mobile Accept^®, a fully integrated payment solution that provides its micro business clients with the ability to accept in-person credit and debit card payments directly within the PNC Mobile app.

Designed for businesses processing less than $300,000 in credit and debit card transactions annually, PNC Mobile Accept is a self-service solution that gives business owners fast, secure access to accept funds directly from their phone or tablet with no monthly fee.

"Micro businesses are often left behind by traditional card payment solutions due to high fees, restrictive card programs and approval delays," said Matt Evans, head of PNC Merchant Services for Small Businesses. "With PNC Mobile Accept, we're meeting small businesses where they are, delivering enterprise-grade payments capabilities at micro business scale – fast, affordable, and accessible."

PNC Mobile Accept enables card payments through manual entry or via a pocket-sized reader that supports tap, dip, or swipe transactions. The solution boasts enhanced features like tax-and-tip functionality, cardholder data encryption, and near real-time transaction tracking, bringing consumer-grade ease to business-grade payments. Additionally, business owners can accept card payments from all credit card providers and access funds from transactions typically within two business days. This solution is ideal for micro businesses that are always on the go, and until now, lacked an easy way to accept card payments.

PNC small business clients with an active PNC business checking account can apply for PNC Mobile Accept in all PNC Bank branches and online. To apply or for more information about PNC Mobile Accept, please visit http://www.pnc.com/en/small-business/payments-and-processing/mobile-accept.

The payment processing services through PNC Mobile Accept are provided by Tempus Technologies, Inc., a wholly owned subsidiary of PNC Bank, PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

CONTACT:

Darby Rowe
(717) 824-6314
darby.rowe@pnc.com

 

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SOURCE PNC Bank

FAQ

What is PNC Mobile Accept and who is it designed for?

PNC Mobile Accept is a payment processing solution designed for micro businesses processing less than $300,000 in annual card transactions, allowing them to accept card payments through the PNC Mobile app.

What are the fees associated with PNC Mobile Accept?

PNC Mobile Accept operates on a pay-as-you-go model with no monthly fees, though specific transaction fees are not disclosed in the announcement.

How long does it take to receive funds through PNC Mobile Accept?

Funds from transactions are typically available within two business days.

What payment methods does PNC Mobile Accept support?

It supports credit and debit card payments through manual entry or via a pocket-sized reader that accepts tap, dip, or swipe transactions from all credit card providers.

Who is eligible to apply for PNC Mobile Accept?

PNC small business clients with an active PNC business checking account are eligible to apply, either in PNC Bank branches or online.