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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 covers all payment processing needs, with a bountiful number of payment gateways, online payments, e-commerce, recurring billing, infinite integrations and more, there are many ways to accept payments. We will combine your necessities and your given budget when we provide you with the trustworthy payment handling.

Depending on what past experience you hold, what your credit history looks like, what type of business you have established, how you intend to receive any payment, regardless of how it is received, you will be eligible for our merchant card services. 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.

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. 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?

Payment processing can generate quite a bit of confusion to any recently acquired business owners. Your total operating expenses rely on the corporate bank account associated with your business. Merchant accounts only prose says and accept payments by credit and debit cards. We specialise in all aspects relating to the merchant scrub that relating to merchant services, and we aim to provide a seamlessly integrated platform enabling business owners in Newent to access merchant service credit card processing and EPOS till system.

What are the benefits of having merchant services?

Accepting payments by credit or debit cards is simple thanks to merchant services, including pay and wave which can increase in value of up to £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. With a merchant account, your company will be able to accept thus lowering the number of checks or notes you will have to come into contact with. 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. Enjoy the merchant services that we provide, using them to ensure a safe and simple payment process anywhere, at any time. Within a few days, we can provide you with solutions regarding merchant services.

Merchant services and misconceptions.

Simply submitting an application will not be enough for you to obtain a merchant account for your business. Having an approved account comes with a wide range of terms and processing rates the business user will need to agree on. If your initial thought is that using merchant accounts is difficult, there is no need to worry they are easier than they look. If you are not aware of how merchant accounts work they can seem quite intimidating. 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. 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 that surrounds merchant services is that they can be expensive to start with. Merchant services can be complex, so it is understandable for a business owner to ask what it is going to cost to start.

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. If you are looking to choose a different provider another misconception is the business owner thinking they are stuck with their existing acquirer, think carefully and choose wisely. Wireless terminal solutions are available to help you free up your contract and introduce you to different rates and fees that may benefit your company.

Key benefits to using our merchant services in Newent.

Using our merchant services will provide you with a multitude of advantages. We are a leading provider of merchant accounts in Newent, offering fast and easy solutions for businesses of all sizes. Our objective is to create a 10 key solution that will make your presence online successful. If you are looking for the lowest rates available on credit card processing, our merchant services will provide. 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.

Business owners in the UK are blessed in having a diversity of ways when it comes to accepting payments and we understand it’s all about giving customers scuppered consumers choice, and offering the option of paying how they want, when they want. Wireless terminal solutions have made it easier than ever to create a merchant account. 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 must ensure the security of their credit card information. 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. All merchant accounts must conform to the PCI norms that will explain how you process use and store all credit card information.

You may not trust anybody to look through your credit card information, gather information on working with a provider that complies with PCI. If you are worried about security vulnerabilities in your business, and you accept card payment it is advised that your contact information is accessible and up-to-date. You can do this online or by contacting your merchant services acquirer directly.

Fast payment settlement.

Same day settlement means you will receive money into your account for your in-store services much quicker. With credit card processing and merchant services from wireless terminal solutions, you are granted access to your funds right away. In today’s environment, many businesses focus on payment resolution using timelines and prompts. Absorb yourself in the day-to-day running of your business with our comprehensive merchant service. Get your cash quicker and minimise your payment processing costs – in order to get a free quote,. You must remember – only certain businesses are eligible for same day settlement depending 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 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 it is imperative to offer as many options as possible for 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. Our merchant services will help you in order to avoid a credit crunch by accepting anything related to a credit card payment and such.

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. 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 different types of payment technology is only being used by thousands of retailers and companies across the UK, if you’re interested in joining this movement in merchant processing, contact us today. We work with businesses of all sizes. Allow us to manage and grow your business.

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

You will need to decide what kind of card machine your company needs once you are equipped with a merchant services account. It all depends on what kind of company they are and the way in which they interact with their clients. There are different carmakers in the United Kingdom, the major ones being Ingenico, VeriFone, PAX, Spire and Castle. In respect to card machines we are experts in the field and we offer the best regarding those card machines. There is a card machine feet budget and installation. Take advantage of how owning a card machine or renting an assured long-term lease will benefit your business in the long run. Countertop card terminals which include ethernet and phone line connection or mobile solutions that include Wi-Fi Bluetooth and Sim card enabled products are the main types of colour machines for business owners to use. They include hasslefree transactions, lower processing cost, and with a wealth of benefits that business owners will enjoy.

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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