Banorte

Banorte is a Mexican bank that provides merchant acquiring through TPV terminals and mPOS readers, both with contactless payment. Accepted networks are Carnet, Mastercard, Visa and American Express.

Pricing

The discount rate is not a single published figure: it depends on the merchant's sector and turnover. A merchant should ask for a quotation based on its own business profile and expected volume.

Settlement and installation

According to the bank, funds become visible in the merchant's account on the next business day. After the contract is signed, installation of a terminal may take up to seven business days, which is worth planning for when opening a new outlet.

Services

The service list is merchant acquiring, POS and mPOS. Account products, e-commerce gateways and recurring payments are not described in the source material, so a business that needs them should confirm availability separately.

Who it suits

Mexican retailers and service providers, including small sellers who prefer a mobile reader over a fixed terminal, and anyone who wants domestic Carnet acceptance alongside the international schemes.