In the payments industry, you will see companies offering enticing deals in the hope that you will commit to using their facilities. WTS understands that business owners are looking to keep costs down and secure the best deal possible, and that’s why tens of thousands of businesses have used our cost effective solutions on a short and long term basis. WTS knows that for our business to grow, we need to keep our existing customers coming back, and that’s why we don’t just limit ourselves in delivering low cost terminal fees.
It can appear a little daunting when you first contemplate accepting card payments. First and foremost, you will need a merchant account to accept card payments for your business. A merchant account is a form of bank account which provides the capacity for companies to accept payments by debit and credit cards. Merchant accounts, are held in agreement between a merchant and a merchant acquiring bank. By using WTS’ services, you are gaining in the knowledge, that we are an independent seller and we can save customers money by shopping around for them. The costs associated with merchant accounts vary from provider to provider, although most will structure their fees in a similar way.
When companies first contemplate accepting payments for their business they have to factor in the card terminal fees involved. Not only will they have to pay a fee for the card terminal based on the period they require it for, but they will also be paying fees for each transaction they process on all major debit and credit cards.
Every card transaction you process through the card terminal will attract a fee – as a merchant acquirer there will be a percentage fee, which applies to the whole transaction amount. This is agreed at the time of setting up the merchant account. Don’t feel pressurised into committing to a contract; it has to be right for you and the business.