Bank Associates Merchant Services

Bank Associates Merchant Services

8512 5th Avenue, Second Floor Brooklyn, NY 11209

Local: 718-412-3455, ext. 8001

Toll-Free: 866-510-2267, ext. 8001

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Bank Associates Merchant Services

Is a full-service global payment acceptance solutions provider offering world-class electronic transaction processing services. While our Processing Headquarters is located in New York City, we provide both national and worldwide payment services. BAMS offers credit and debit authorization services and bankcard settlement processing to direct merchant customers. Our team of Merchant Account Specialists is committed to helping each of our unique clients gain every opportunity for growth and profitability in today’s ever-changing global economy. With a commitment to offering customers a compelling value for their business based on superior quality and service, BAMS optimizes a merchant's mix of payment options to ensure an increase in their bottom line.

 

Superior Customer Support

To maintain our leadership position in the highly competitive electronic payments industry, we made a commitment to remarkable customer service an integral part of our corporate values. Our management team offers a combined total of more than 23 years of experience in the bankcard industry, and we are never more than a phone call away. In addition to 24/7 toll-free technical support, all of our clients are assigned an account representative to whom they will have 24/7 access to their mobile phone, allowing us to be provide the most accessible and efficient customer service in the industry.

Next Day Funding Advantage

In addition to our superior customer support services, BAMS provides clients with 12 hour fund deposits and availability. The length of time that it takes for credit card funds to land in a merchant's bank account has always been a big concern with businesses, and BAMS is one of the few companies in the industry which has the ability to provide next day funding.Your business could have thousands of dollars in sales on the books but still have to wait up to a week to get the money in your hands. We don’t want our merchants to experience cash flow problems - BAMS’ next day funding eliminates the wait.BAMS delivers businesses credit and debit card funds directly into the merchant's existing bank account the next day -- or in as little as 12 hours. All of our merchant’s funds are available the next business day, regardless of where the merchant’s banking institution is located. Learn more about our Next Day Deposit program.

Our Management Team

Dimitri Akhrin

Founder, President and CEO

Mr. Akhrin founded Bank Associates Merchant Services on the premise that delivering on every level of commitment is the cornerstone of successful business. Mr. Akhrin has established many solid relationships with CEOs and financial pioneers across a broad range of industries. His network of connections, coupled with his natural abilities to lead and teach, have allowed him to put together one of the most impressive teams in the industry. Having been in the payment processing industry for nearly ten years, Dimitri has been involved in the evolution of many products and services and truly understands their importance from the inside-out.

Dimitri Akhrin received his Bachelor of Science in Business & Technology Management from the Polytechnic Institute of New York University.

Drew Goldbaum

Director of Operations

Ms. Goldbaum comes to BAMS with over 5 years of experience in the payment processing industry. With astute problem solving and analytical skills, Ms. Goldbaum directs and manages the activities of the operations team in the day-to-day functions of the company. Directly responsible for maintaining operations activities, including: account acquisition, underwriting, new account setups, equipment deployment, account maintenance and support, she ensures that proper procedural processes are followed by the operations team for maximum productivity and quality of service. Ms. Goldbaum is continuously responsible for the improvement of company-wide efficiency andhas been an integral part of the company since day one.

Drew Goldbaum received her Bachelor of Arts from New York University.

Michael Sipershteyn

Northeast Regional Sales Manager

Mr. Sipershteyn comes to Bank Associates Merchant Services with five years of banking experience. Coming from the commercial banking side of the financial industry, Mr. Sipershteyn lends his expertise in structured corporate management. Michael's ability to train and mentor the sales force has allowed him to become a trusted and integral part of Bank Associates Merchant Services. With his help, Bank Associates Merchant Services continues to grow exponentially by acquiring new vertical and horizontal markets. BAMS has relied on Mr. Sipershteyn to reach new heights in the industry.

Our Purpose
We will provide superior quality, value and services in furtherance of continuing to be a leader in the merchant services industry. We will use our strategic banking and corporate relationships to stay one step ahead of our competition in order to meet the needs of our current and future clients. We strive to form truly mutually beneficial relationships with our clients that last a lifetime. 

Our Commitment

BAMS takes great pride in the high standards we have set for ourselves in regards to customer service and satisfaction. We are committed to providing all of our merchants and strategic partners with personalized attention and support.

BAMS is committed to providing a compelling value to our clients by simultaneously decreasing the fees affecting their bottom line and finding the right mixture of value added products and services for their unique business needs.

Bank Associates Merchant Services values the trust people place in us when they give us personal information. We are therefore committed to keeping your information private. Our privacy goal is to collect, use and protect personal information provided to us as if it is our own. We do not trade, sell or lease personal information entrusted to us.

A Choice of Payment Options

Studies show that merchants who offer 3 or more payment types realize a 14% increase in sales over those that offer two or fewer types. To stay inline and even ahead of payment trends, BAMS offers merchants a wide variety of payment types including credit card acceptance, PIN-based debit acceptance, gift card programs, and ACH and e-check services. Research among merchants and consumers supports the tactic of multiple payment. Larger merchants accept, on average, 3 payment types, while those with lower sales volume accept, on average, less than three. Consumers indicate that, given equivalent product and price, accepting the payment type they prefer is a key influencer in their purchase decision. Individual consumers may move among the payment options available to them depending on the type of purchase and current credit available to them. As such, it is essential to offer your customers a variety of payment options in order to be ensure each sale - BAMS provides you with this distinct advantage.