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What are merchant services?

Merchant services do not only revolve around processing credit cards. 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. When it comes to needs during the payment process, online payments, e-commerce, recurring billing cycles, types of integration and many more things to choose from, merchant services will provide these services as there is more than one way to receive a payment safely and securely. We match you with the best merchant payment processor that fits your needs and budget.

Merchant card services located in Torquay include a multitude of defining aspects, such as what field your business is in, how you expect to be receiving payments, in person or over the phone, your credit past and past experience. But don’t worry, our specialists in card payment at Torquay will gain great knowledge on how you and your vocation can arrange future strategies that will fulfil all your needs.

We will retrieve information regarding you, your company and the field you are currently in, in order to establish a payment solution by credit or debit card that is well adapted to the needs of your customers. The right product for you is right around the corner, get in touch today with one of our experienced payment solution handlers.

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. Any business bank account is the expense associated with operating your business as a whole. Merchant accounts only prose says and accept payments by credit and 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 Torquay.

What are the benefits of having merchant services?

Merchant services will offer your business the ability for your customers to pay you, using their credit or debit card, this also includes pay and wave transactions which is up to the value of £45. 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. By having a merchant account, your business can accept payments digitally, and reduce the inconvenience of allowing them to use cheques or cash. 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. Enjoy the merchant services that we provide, using them to ensure a safe and simple payment process anywhere, at any time. Anybody is eligible for merchant service solutions, only taking a short amount of days to be provided to you.

Merchant services and misconceptions.

To get a merchant account for your Torquay company, one application will not suffice. An approved account brings with it a wide range of terms and conditions rates that commercial users will have to accept. Merchant accounts are not as difficult as they seem.. If you are not aware of how merchant accounts work they can seem quite intimidating. Merchant services supply you with the support and personal descriptions on how to go through with your application process. Make sure you pick the right one scrubber make sure you pick the one that suits your business best by verifying any myths or misconceptions that surround merchant accounts and getting to the bottom to the bottom of them. There is a myth surrounding merchant services, that means it is expensive to get started with a merchant service. Merchant services can be very complicated, so making an enquiry surrounding what the cost is to start up is understandable.

Another example of a misconception surrounding merchant services is that they cost quite a bit of money to start up. If you own a small business, choosing the right merchant service provider will ease your merchant life and make it more beneficial. 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 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 Torquay.

There are various advantages and benefits when you use our merchant services. We are a leading provider of merchant accounts in Torquay, offering fast and easy solutions for businesses of all sizes. We focus on creating a turnkey solution that will lead to your online success. If you are looking for the lowest rates available on credit card processing, our merchant services will provide. As the contactless limit was raised to £45 in April of this year, people in the UK chose to pay by their mobile devices more than ever. This means the number of card processing transactions will grow stop

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. It has never been so easy to set up a merchant account with wireless terminal solutions. If your company is well established you will need a secure payment platform that is easy to use, if you are just getting started, you will need to choose wisely surrounding what payment platform will best suit your company.

Added card security.

Small businesses are responsible for ensuring that the credit card information is safe. In order to protect your customers and the management of your payments merchant service providers will help to protect and manage those payments across a variety of 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 can’t trust anybody to read through your credit card information. PCI compliant providers will help prevent any breach in security. If you own a business and you accept card payments and you are concerned about any security breaches, we advise you to keep your up-to-date and relevant contact information handy. This can be done online or by contacting your merchant service purchaser directly.

Fast payment settlement.

Same day settlement means you will receive money into your account for your in-store services much quicker. Wireless terminal solutions credit card processing and merchant services provide immediate access to these funds. During the current climate, many businesses are geared around quick turnaround and needing fast payment settlement. Get absorbed in the daily management of your business with our comprehensive merchant service. Get your money faster and reduce your payment processing fees – call for a free quote today. You must remember that same day regulations are only available to certain businesses and depend on a variety of factors stop 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. 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. Our merchant services can help you beat the credit crunch by accepting payments to credit cards and related products.

If you are looking for an innovative and creative approach regarding aspects of merchant services with a variety of payment options that will meet your specific needs, wireless terminal solutions have more than 12 years experience in this field.

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. Businesses who accept credit cards can effectively increase their customer base. Moreover, the possibility of accepting payments by card gives the merchant peace of mind. 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. Companies that we work with we are of any and all sizes, allow us to develop and manage your company in order for it to grow.

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. This is all dependent on the type of business they are and how they engage with their customers. There are a variety of card manufacturers across the United Kingdom, the most popular ones being in Ingenico, VeriFone, PAX, Spire and Castle. We are payment specialists when it comes to card machines and we offer the best card machines. The hardware is designed to help your business grow. We will provide card machines to fit each budget and set up. You can enjoy the benefits of owning your own card machine, or renting on a short or long term lease agreement. 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 include an array of benefits and owners will benefit from these transactions as their processing fees are quite slow.

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.

Our innovative products will encourage you to take the next step regarding your business.

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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