Bancolombia

Bancolombia is a Colombian bank, Bancolombia S.A., that explicitly offers adquirencia (merchant acquiring) as well as business current accounts. Its services include POS, e-commerce, cheques and business digital banking.

Acquiring Sales taken through a datáfono (card terminal) or online are credited to the merchant's current or savings account at the bank. The accepted card brands are Visa, Mastercard and American Express. The bank states that technical questions about terminals are handled by Credibanco and Redeban, separately from the bank's acquiring contract, so merchants deal with more than one party for equipment support.

Business accounts The bank's current accounts for companies are accompanied by cheques and digital banking for business. Having acquiring and the settlement account in one bank keeps proceeds in the same place as operating funds, which simplifies cash management for retailers and e-commerce sellers.

What to clarify Commission rates, settlement periods, terminal costs and account fees are not given in the material. A merchant should ask for the tariff for each card brand and for the e-commerce and in-person channels, and confirm which terminal provider will serve the business.