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What are merchant services?

Handling credit cards isn’t the only service merchant services will provide you with. There are numerous ways to accept payments securely and efficiently. Accept consumers credit and debit cards at all times, off-line and online. Payment process, all aspects of payments, online payments, e-commerce, recurring invoicing, and all types of integrations are some of the many services that merchant services cover when you wish to receive payments. We will combine your necessities and your given budget when we provide you with the trustworthy payment handling.

Our merchants card services in Potton is based on a multitude of things, including the type of business you own, how you plan to take payments, over the phone or face-to-face, your credit history and prior experience. All worries aside, our card payment consultants are ready to supply you with an immediate plan of action based on a detailed assessment about you and your business.

Payments made by credit or debit card depend on you, your business and the field you’re in. You will be given a quick fix that we offer based on retrieved information. In order to receive the product that suits you best, call one of our experts today, regarding any payment solution.

Are business bank accounts the same as merchants bank accounts?

It often confuses business owners who are new to the world of payment processing. A business bank account is for expenses relating to the overall running of your business. Merchant accounts are solely about processing and accepting incoming payments by credit or debit cards. Services such as credit card processing and EPOS till schemes are what we specialise in, which is why we will be providing a fully unified system targeted at business owners located in Potton.

What are the benefits of having merchant services?

Merchant services will give your company the opportunity to allow your customers to pay you via credit or debit cards. For scrub that The amount of customers choosing to pay by card versus cash due to their fears that were brought on by the pandemic has increased significantly. When you own a merchant account your business will be able to receive incoming payments digitally, while diminishing the downside of permitting anybody to use cheques or cash instead. Merchant services is a necessity for small business owners to keep up with the times as the growth in card payments goes from strength to strength. By taking advantage of our merchant services, your payment process will definitely benefit, by becoming a secure way to pay for goods. We can have you equipped with merchant service solutions in a matter of days.

Merchant services and misconceptions.

To get a merchant account for your Potton company, one application will not suffice. All the terms, and processing rates must be discussed and agreed upon by the business owner before an account is approved is that merchant account. One of the biggest misconceptions is that merchant accounts can be intimidating. At first they can be quite daunting if you’re not familiar with what you are getting into. Merchant services supply you with the support and personal descriptions on how to go through with your application process. Be sure to pick the right one for your business by verifying these merchant account misconceptions and in covering the real truth. Another example of a misconception surrounding merchant services is that they cost quite a bit of money to start up. Merchant services can be quite difficult to navigate, so figuring out what the cost is in order to start is formality.

Another example of a misconception surrounding merchant services is that they cost quite a bit of money to start up. When you own a small business and you are looking to increase profit and simplicity, you must think carefully before choosing your merchant services providers. There are many different aspects of the service that you should consider before selecting the right provider for your business ‘I’m stuck with my existing acquirer’ is another common misconception. Wireless terminal solutions is here to help you see your way out of your contract. Offering several paths into finding better rates and fees and providing superior merchant services as a result.

Key benefits to using our merchant services in Potton.

There are many benefits when you use our merchant services. Regardless of the size of your business, we offer quick and simple solutions through our merchant account. Our goal is to create a turnkey solution that helps you succeed online. Here you can find services for switches, card newbies and many other businesses, as we strive to offer the lowest rates possible when credit card processing. As the limit is now £45 as of April 2020 in order to reduce him out of people who handle money on a day-to-day basis, the amount of transactions made by credit card is likely to increase significantly.

While business owners in the UK are aware that consumers still exercise their rights to pay in any way they prefer, business owners are lucky in a number of ways when it comes to accepting payments. Wireless terminal solutions have made it easier than ever to create a merchant account. Regardless of whether your business has been around for a long time or is new, selecting our payment platform will simplify the setup of all of your payment options.

Added card security.

Small businesses need to be sure your credit card information is safe. Throughout a variety of payment gateways and websites merchant services providers will help to protect you and your customers by managing the payments. All merchant accounts must conform to the PCI norms that will explain how you process use and store all credit card information.

Not everyone can be trusted to monitor your credit card information. Avoid this by working with a provider that complies with PCI. If you are a business owner that currently accepts card payments and you are concerned over security breaches, it is strongly advised to keep your contact details up-to-date with the relevant merchant acquirer. Your merchant services purchaser can be contacted online or directly.

Fast payment settlement.

You may receive your money in your account from your merchant services on the same day. With credit card processing and merchant services from wireless terminal solutions, you are granted access to your funds right away. During the current climate, many businesses are geared around quick turnaround and needing fast payment settlement. Absorb yourself in the day-to-day running of your business with our comprehensive merchant service. Get your money quicker and lower your payments processing costs – call us today for a free quote. Please note – same day settlement is only available to some businesses, and dependent on various factors. Generally, the merchant acquires discretionary power and other considerations, this includes your negotiation skills and the nature of your business. Same day settlement on your merchant services account enables business owners to receive money from clients.

Offer flexible payment options for your customers.

Even in the current environment, it is essential to provide many options as possible surrounding accepting payment. The assistance that you will need in order to get paid on time, regardless of your credit history, high-risk merchant services is here to provide you with that assistance. All merchant services can help you deal with the crisis surrounding credit by accepting credit card payments and any related products also.

For more than 12 years, wireless terminal solutions ingenious and original approach to merchant services has helped business owners provide various payment options that meet their unique needs.

Take advantage by accepting or debit and credit cards.

There are a number of advantages when starting to accept merchant services and any type of card processing. Credit card companies can indeed grow their customer base. Moreover, the possibility of accepting payments by card gives the merchant peace of mind. Our merchant services and payment technology are already in use by thousands of businesses and companies in the UK, if you would like to be a part of this which will benefit your company please call us today. We work with small and medium-size companies. So we can manage and grow with your business.

What types of card machines come with the merchant service account?

Once your company has a merchant service account, you will have to decide what kind of card machine it needs. It all comes down to the type of company they have and the interactions they have with their customers. While there are various carmakers in the United Kingdom, some of the best include Ingenico, VeriFone, PAX, Spire and Castle. We specialise in payment for card machines and we offer nothing but the best, including hardware that is designed to benefit your business. We will provide card machines to fit each budget and set up. You can take advantage of the benefits of owning your own card machine, or leasing on a short or long term rental contract. We recommend you use countertop card terminals that include ethernet and a phone line connection or mobile solutions Inc that include Wi-Fi Bluetooth and silk are unable products as your main type of card machine for your business. Every single one comes with a variety of benefits and owners will benefit from stress free transactions and lower processing costs.

The Ingenico Move/5000 card machine is the next generation of credit card machine and boasts lots of benefits including a tri communication connectivity that can be set up in less than a minute, this compact contactless enabled card machine provides owners everything they need to accept debit and credit card payments. The move 5000 payment terminal is capable of processing chip and pin, contactless and near field communications, NFC.

Your business to a new level with our ingenious products.

Introducing the move 5000 payment terminal, equipped with multiple connection options. The move 5000 mobile payment terminal provides a unique blend of cutting-edge hardware and is available on a rental agreement to meet the needs of your business.

FAQs

What are the benefits to having merchant services?

Put quite simply the opportunity for increased Sales. The last decade has seen the amount of businesses accept card payments with merchant services grow tenfold. It is fact, that more payments have been made by cards than by cash in the last few years.

What are merchant services?

Any money your business processes from card payments go into the merchant services account before being transferred to the business bank account. Merchant services is an online bank account set up with a merchant services provider, so it’s separate from your business bank account.

What are some of the key advantages to having merchant services?

The list is extensive, but here are just a few examples:
  • The ability to accept card payments from customers
  • Merchant services increases sales because customers are not restricted to cash only purchases
  • Merchant services provides new opportunities for sales via telephone mail order and online
  • Increased impulse purchasing opportunities as people go from browsers to buyers

How will the introduction of merchant services benefit my staff?

Introducing merchant services means staff handle less cash, reducing the potential for simple mistakes.

How long does a merchant services application take?

In most cases a merchant services application takes anything from 2 – 5 working days, once the customer has completed all relevant documentation. Every merchant services application is different and this can be based on the way the business operates, what they sell and where they trade from.

How to be kept up to date with a merchant services application?

All reputable providers should assign a dedicated account manager who manages all aspects of the merchant services application, and should keep all suitable parties involved in the merchant account application up to date.

Where do I get a merchant services application form from?

You will need to contact an affiliated merchant services acquirer (this can be a bank, ISO or independent seller) which you can source through Google. They will support and guide the business through the merchant services application form.

How do you get help with your merchant services application?

All companies who offer merchant services facilities should provide an infrastructure to provide merchant applicants the necessary support where required. If you are unsure, ask when you make an enquiry.

What documentation do I need to provide on a merchant services application?

In most cases the customer or business will need to provide proof of their business bank account. In addition, proof of ownership/director and copies of passport and address may be required. Everything will be outlined on the form and it is mandatory regardless of which merchant acquirer you use.

When I switch merchant services do I terminate my current agreement?

Everything should be outlined for you. If you are unsure check your current agreement. There have been instances where people have cancelled their merchant services agreement and then been penalised as they have broken their contract.

Who is my merchant services agreement with?

You should receive a monthly merchant services statement detailing all transactions and any relevant charges. Some businesses work with independent suppliers or an ISO but they will have a direct relation with one merchant acquirer. If you are unsure speak with them.

Who settles my funds on my merchant services?

This will always be done directly by the merchant services acquiring bank. Even in instances where your relationship is with a third party or ISO all settlement funds are never, at any time, held by a supplier.

What is the cost for terminating my merchant services contract?

This should have been outlined in the initial set up. In this instance we would suggest referring back to the original agreement, and if not speak with the acquirer outlining what implications there are for terminating the merchant services agreement.

Should I worry about PCI compliance on my merchant services account?

PCI DSS standards exist to protect the security of your customers’ credit card data. All UK based merchant accounts need to be PCI compliant and there is a criteria of requirements. It is paramount that every business that uses merchant services has this. This should be outlined in your merchant services agreement.

How to add AMEX to my merchant services account?

This should be offered at the time of setting up the merchant services account application. If you need to add this midway through the account, speak with AMEX at their Brighton offices and they will assist in getting this added to your merchant services account.

When do I receive my funds on my merchant services account?

In most instances it is typically 3 days but any restrictions should have been outlined at the time of signing up. In some cases some merchants are able to offer next day funding but this isn't available to everyone.

Do I get separate merchant services account numbers for debit and credit cards?

You will have one merchant number for face to face transactions that apply to all debit and credit cards. If you accept AMEX that will be an additional merchant services account number. If you were looking to accept payments online, or via your website you will need a separate merchant account set up.

How are my monthly fees paid on my merchant services account?

Monthly merchant fees are automatically debited from your business bank account normally in first week of each month for the previous month’s fees. This will be outlined and differs from each acquirer.

Can a sole trader have merchant services?

Yes. Anyone who is trading regardless of whether they are a sole trader, limited company or multinational retail establishment can accept debit and credit cards.

How long should I keep my merchant services transactional documents?

Most financial establishments in the merchant services industry recommend you to keep all transactional data and documentation for a period of at least 18 months.

How do I order an additional card machine for my merchant services account?

Speak with the merchant services acquirer, or speak with a card payment specialist.

Can I accept payments in more than one currency on my merchant services account?

Yes. It is advisable to check with the relevant merchant acquirer to see if this is possible. We suggest speaking with the relevant merchant services provider to discuss the currency you wish to trade in and how you wish your account to be settled.

What types of card machines come with a merchant services account?

You have 4 options. You have the mobile option which connects via a roaming SIM card. You have the portable option which connects via a router. The popular Wi-Fi card machine or the traditional countertop card machine which is popular for retail businesses who use merchant services account.

What do merchant services cost?

Some merchant services providers charge a set up fee, others don't. You will then have merchant services transaction fees, which is a set fee a business would pay on debit and credit cards for each transaction. In this instance, it is normally a flat rate or a percentage and you may have to pay an authorisation fee.

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