PNC Merchant Services Rate Increases, Fees, and Updates (2024)

Last Updated 1/9/2023

Merchants using PNC Bank for processing can use this guide to stay informed on the latest rate increases and processing fees from PNC Merchant Services.

Here’s a summary of the upcoming changes to your account.

PNC Bank Rate Increase Effective October 2022

Effective October 1, 2022, PNC Bank Merchant Services is increased its processing rates by $0.001. The new rate will automatically be reflected on October 2022 processing statements. 

Merchants who accept these terms do not need to take any action. Continuing to use PNC Bank for processing is considered an acceptance of the new rates.

For those of you who do not accept the terms, you must notify PNC Bank of your termination by September 30, 2022. You can provide written notice of your termination to:

PNC Merchant Services
PO Box 6600
Hagerstown, MD 21741

Alternatively, you can call 1-800-742-5030 to terminate your agreement. 

Additional Reading: How to Lower Credit Card Processing Rates WITHOUT Switching Processors

About PNC Bank

PNC Bank has a wide range of personal and business banking products. Headquartered in Pittsburgh, Pennsylvania, this bank has been around for more than 170+ years.

PNC Merchant Services offers end-to-end payment processing for small businesses and ecommerce brands. In addition to credit and debit card acceptance options, PNC Merchant Services also provides hardware and POS systems.

Click here to read our complete guide on interchange fees and processing rates.