What are merchant services?

There is more to merchant services than simply processing credit cards. There are a number of ways to welcome payment safely and effectively. Whether it is online or off-line, always accept credit and debit cards from your customers. Merchant services will not only provide you with any needs during the payment process, but also with an abundance of payments, payments to be made online, e-commerce, repetitive invoicing, endless integration and much more, there are many methods to choose from when receiving payments. One of the best payment processors will be available so your necessities and budget don’t go unnoticed.

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.

We get to know you, your business and the industry you work in, so that we can build a credit or debit card payment solution that works for you, uniquely tailored to your customers needs. Get the know-how from one of our payment solutions experts to deliver the right product.

Are business bank accounts the same as merchants bank accounts?

It often confuses business owners who are new to the world of payment processing. Any business associated bank account equals the cost of running your business globally. Processing and accepting payments falls on the responsibilities of merchant accounts. We work exclusively surrounding any aspect of merchant services, and our goal is to create a perfectly unified system for business owners located in Teignmouth to then have access to merchant services, the processing of credit cards and EPOS till schemes.

What are the benefits of having merchant services?

With merchant services you are able to take payments from your customers that wish to use their debit or credit cards. More and more customers insist on having the option to pay by card and under the current climate, less people are wanting to handle cash over fears caused from the pandemic. Reducing the amount of checks and notes you would usually come into contact with and offering card payments instead is what having a merchant account is all about. In order to be acquainted with the current times and the growth surrounding card payments, merchant services are the key to obtaining that knowledge and keeping your business on track. Take advantage of our merchant services, and you can provide a fast, safe, and secure way to pay for goods and services by card via physically or online. Merchant service solutions can become available to you in mere days.

Merchant services and misconceptions.

To get a merchant account for your Teignmouth company, one application will not suffice. Having an approved account comes with a wide range of terms and processing rates the business user will need to agree on. Merchant accounts are not as difficult as they seem.. At first they can be quite daunting if you’re not familiar with what you are getting into. 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. In order to choose the right one for your business you must dig deep on any myths and misconceptions you may know about merchant accounts and find out the truth. There is a myth surrounding merchant services, that means it is expensive to get started with a merchant service. Wondering how much it cost to start up surrounding merchant services is a normal step to take.

Another example of a misconception that surrounds merchant services is that they can be expensive to start with. If you are a small business owner, choosing the right merchant services providers can make your life as a merchant easier and more profitable. There are various sides to the service that you must think carefully about prior to choosing a new provider for your business. Wireless terminal solutions are help ahead scrubber wireless terminal solutions are here to help you get off the hook, providing different parts in order to find more suitable rates and fees.

Key benefits to using our merchant services in Teignmouth.

There are a multitude of benefits to using our merchant services. Regardless of the size of your business, we offer quick and simple solutions through our merchant account. We focus on creating a turnkey solution that will lead to your online success. We provide in-store services for switches, that are new to cards and many other companies and our goal is to provide the lowest rates available when processing credit cards. Residents of the United Kingdom chose to pay with their mobile phone more than ever before and with the no contact limits being increased to £45 earlier this year in order to reduce the amount people handling money, the amount of card processing transactions is likely to increase.

Business owners in the United Kingdom are lucky in a variety of ways when it comes to accepting payments and we accept that it is about giving customers a choice, and also the option of paying how they want, when they want. Registering as a merchant through wireless terminal solutions has never been this simple. 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. Merchant service providers can help you protect yourself and your customers by managing payments on various payment gateways and various websites. Merchant accounts must conform to the PCI which provides a universal standard for how credit card information is processed, used and stored.

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. You can contact your merchant service acquirer directly online scrap that you can contact your merchant service acquirer directly or online.

Fast payment settlement.

Same day settlement means you get the money in your account from your merchant services a lot faster. The credit card processing and merchant services of wireless terminal solutions are perfect for accessing funds immediately. During the current climate, many businesses are geared around quick turnaround and needing fast payment settlement. Soak up the daily management of your business with our full merchant service. Get your money quicker and lower your payments processing costs – call us today for a free quote. Same day settlement is only accessible to hand-picked companies and depends on many different factors that are taken into consideration. In general, the merchant acquires discretionary power and other factors, including the way you negotiate on the nature of your business. The same day settlement service on your merchant services account allows business owners to receive funds from your customers.

Offer flexible payment options for your customers.

In the current climate, in today’s environment, providing as many options as possible for accepting payment is imperative. Merchant services can give your company the assistant it needs in order to get paid at the right time and the right amount, regardless if you have a poor credit record, high-risk merchant services are what we specialise in. Our merchant services can assist you in overcoming the credit crisis by accepting credit card payments and related products.

For over 12 years, wireless terminal solutions innovative and creative approach to all aspects relating to merchant services has been helping business owners with a variety of payment options that meet their particular needs.

Take advantage by accepting or debit and credit cards.

There are numerous benefits in starting to accept in-store services and card processing. Credit card companies can indeed grow their customer base. Furthermore, the option of accepting payment by card provides the merchant with additional relaxation. 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 business has a merchant services account, you need to determine the type of card machine that suits your business. It all comes down to the type of company they have and the interactions they have with their customers. 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 provide a card dispenser feet budget and configuration. You must take advantage of the benefits when it comes to owning your own card machine, renting an assured long-term lease is also an available option. While there are many types of card machines, the main ones are CounterTop card terminals which include Internet and phone line connected or mobile solutions that include Wi-Fi Bluetooth and Sim card products. 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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