Merchants who open a merchant business account with Intergiro receive free banking services.
In an attempt to ease the pressure of inflation, Intergiro offers free banking services to merchants who open a merchant business account with the company.
This offer is part of The Swedish business account provider and payment processor’s response to the ongoing economic crisis and the increasing pressure on businesses to reduce their costs.
By providing free business banking services, Intergiro aims to help merchants save money and cope better in difficult economic times.
“We understand that running a business can be difficult, especially in times of economic instability,” Johan RyerThe CCO of Intergiro admits.
Ryer confirms the move as a business saver during “turbulent times of high prices and economic instability.” The move, he explains, is ultimately “to help retailers reduce the ever-increasing costs of doing business.”
New users now have free access to banking services through the Intergiro user portal.
Same day calculations
In addition, merchants who open a business merchant account with Intergir will soon benefit from same-day (T+0) settlement. Same-day settlements guarantee access to funds and reduce a company’s need for expensive working capital.
Delays in settlement can have a negative impact on working capital. Delays can threaten a company’s ability to continue operating and require them to seek alternative sources of liquidity. However, rising interest rates are making this option increasingly expensive.
“As we move into 2023, many companies are struggling to maintain a strong cash flow position,” continues Ryer.
“With supply chain issues, staff shortages and rising prices putting pressure on operating costs, it’s more important than ever to carefully manage a company’s finances,” he comments.
Ryer subsequently describes addressing delays between customer payments and the settlement of funds on those accounts as an “industry-wide priority.”
Adding to this, Nick Rootthe company’s chief executive officer, says “Our fast settlements give merchants the ability to access their funds faster.” He describes this as “a huge advantage in today’s fast-paced business environment.”
Intergir’s free business banking services include a range of features such as online banking, mobile banking, physical and virtual cards, merchant accounts and integrated payment solutions.
The entourage is in tune help companies save time and increase efficiency by enabling unified management of business and merchant accounts.