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What are merchant services?

Handling credit cards isn’t the only service merchant services will provide you with. You have various options when it comes to accepting incoming payments in a secure and efficient manner. Welcome your customers credit and debit cards, both online and off-line. 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.

Factors such as what kind of business you have, how you plan to take payments, whether it is by telephone or in person, your credit history and any previous experience are the baseline of our merchant card services. No need to worry our payments by card consultant will conduct a thorough insight as to what makes it possible for you and your business to come up with an arrangement that’s right for you.

A specially adapted payment solution via credit or debit card based on what you, your company and your company’s field tells us will be accessible to you. Gather the information you need surrounding our payment solution services and what will suit you best.

Are business bank accounts the same as merchants bank accounts?

An issue that frequently causes confusion among business owners who are new in anything involving payment processing. An enterprise bank account corresponds to the expenses related to the overall operation of your company. Merchant account deals exclusively with merchant processing and acceptable scrubber and acceptance of debit and credit card payments. Any aspect of merchant services, we specialise in, and we are aiming to provide a thoroughly planned out platform that will be accessible to business owners in Tavistock, followed by EPOS till system and process of credit cards.

What are the benefits of having merchant services?

In store merchant services offer the ability for any customer payment to be made not only with credit or debit cards, but also pain wave transactions with a limit of £45. 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. By having a merchant account, your business can accept payments digitally, and reduce the inconvenience of allowing them to use cheques or cash. If you are looking to remain up to date with the improvements being made concerning your business, merchant services help you remain up-to-date and increase card payments over cash payments. You can benefit from our merchant services, and you can offer quick, secure ways to pay whether it is in person or online. Our merchant service solutions take only a few days to become accessible to.

Merchant services and misconceptions.

Getting a merchant account for your Tavistock business takes more than filling out an application. 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. If you are new to merchant accounts they can seem quite disorientating at the start. In order to gain extra explanation and further details and support throughout your application process your merchant services provider will provide you with these needs. Make sure you choose the right one for your business by checking out these merchant account myths and discovering the real truth. Another example of a misconception that surrounds merchant services is that they can be expensive to start with. Wondering how much it cost to start up surrounding merchant services is a normal step to take.

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. The wireless terminal solution company is there to provide you with help in order to end your contract, offering different rates and fees.

Key benefits to using our merchant services in Tavistock.

There are a multitude of benefits to using our merchant services. We are one of the leading merchant account providers in Tavistock, providing quick and easy solutions for businesses of any size. 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.

We understand that customers are free to pay how they want, and when they want. However transactions by card are safer. It has never been so easy to set up a merchant account with wireless terminal solutions. If you are just getting started with your business or you are already established, the payment platform that you choose will make it easier to set up with all the payment options that you need.

Added card security.

Small businesses have a responsibility to make sure that their credit card information is safeguarded. Merchant service providers can help protect you and your clients by managing payments across multiple payment gateways and websites. Merchant accounts must conform to the PCI which provides a universal standard for how credit card information is processed, used and stored.

You may not trust anybody to look through your credit card information, gather information on working with a provider that complies with PCI. If your business accepts card payments and you are worrying about security breaches, we recommend you to keep any information of your point of contact with your relevant merchant acquirer. You may do so online or by communicating directly with your merchant service acquirer.

Fast payment settlement.

You may receive your money in your account from your merchant services on the same day. The credit card processing and merchant services of wireless terminal solutions are perfect for accessing funds immediately. In the current climate, most companies are focused on steady timelines and prompt payment resolution. Soak up the daily management of your business with our full merchant service. Get access to your money quicker than ever and cut down on costs for payment processing – you can get a free quote if you call us today. You must remember – only certain businesses are eligible for same day settlement depending on various factors. In general, the merchant acquires discretionary power and other factors, including the way you negotiate on the nature of your business. Same day settlement service on your merchant services account will enable any business owner to accept funds and payments from customers.

Offer flexible payment options for your customers.

In the current climate, we must offer a number of options in order to receive payments from clients. Merchant services can give your business support it needs to be paid on time and in full, regardless of whether or not you have poor credit history, we specialise in merchant services that are highly in demand. In order to avoid credit crunches by accepting credit card payments and associated products all merchant services can help you.

For at least 12 years, wireless terminal solutions have created a different systematic approach to many aspects of merchant services that have assisted business owners in providing a number of different payment options in order to meet their specific needs.

Take advantage by accepting or debit and credit cards.

There are numerous benefits in starting to accept in-store services and card processing. Companies that accept credit cards can do so by increasing their customer base. The ability for your business to accept card payments will ensure peace of mind for the merchant. Our merchant services and payments technology is already in use by thousands of retailers and businesses across the UK, if you like to join the revolution in merchant processing, contact us now. 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 what kind of company they are and the way in which they interact with their clients stop scrap that Although there are many different card makers across the UK, the recommended ones are in 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 have card machines available to adapt to any budget and set up. The advantages of owning your own card machine are numerous, while you can also rent if you do not wish to purchase one. 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. They all come with a host of perks and homeowners will enjoy scrap that they are, the host of perks and company owners will enjoy stress free transactions while paying less for processing cards.

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.

Go the extra mile with our innovative 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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