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What are merchant services?

There is more to merchant services than simply processing credit cards. You have various options when it comes to accepting incoming payments in a secure and efficient manner. 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.

Merchant card services located in Blackburn 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 Blackburn will gain great knowledge on how you and your vocation can arrange future strategies that will fulfil all your needs.

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. Would you like to know what types of products we offer or which one is right for you? Get in touch with one of our experts today.

Are business bank accounts the same as merchants bank accounts?

If any business owner isn’t familiar with the concept of payment processing, it can create a significant amount of disorientation. Your business bank account represents any expenses associated with what it takes to run your business through to its biggest extent. Processing and accepting payments falls on the responsibilities of merchant accounts. 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 Blackburn to access merchant service credit card processing and EPOS till system.

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. Due to this year’s pandemic, many customers have focused their efforts on avoiding human contact. Which is why accepting payments through credit or debit cards is a step forward. 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 can be fundamental in this day and age, allowing you to make and accept any payment while avoiding having to use cash. By taking advantage of our merchant services, your payment process will definitely benefit, by becoming a secure way to pay for goods. Anybody is eligible for merchant service solutions, only taking a short amount of days to be provided to you.

Merchant services and misconceptions.

Simply submitting an application will not be enough for you to obtain a merchant account for your business. 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.. When first enrolling in a merchant account it can seem very confusing. 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. 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 that surrounds merchant services is that they can be expensive to start with. If you own a small business, selecting the right merchant services provided can make your training life’s more simple and much more profitable. 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 Blackburn.

There are a multitude of benefits to using our merchant services. Being a leading merchant account provider in Blackburn, we will provide you with fast and simple solutions to any business of any size. 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. 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.

In the UK business owners are aware of their luck in diverse ways surrounding accepting payments, and understand that giving customers a choice is the possibility of paying by card. It has never been so easy to set up a merchant account with wireless terminal solutions. 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 have a responsibility to make sure that their credit card information is safeguarded. Merchant service providers will help keep your customers safe and secure by managing your payments on various payment gateways in different websites. Merchant accounts must conform to the PCI which provides a universal standard for how credit card information is processed, used and stored.

You mustn’t rely on anyone to monitor your credit card details, working with a provider that is PCI compliant will help you avoid this situation. 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.

Settlement on the same day means you will receive the money into your accounts for your merchant services much quicker. Credit card processing and merchant services from wireless terminal solutions makes it perfectly possible to get access to those 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 faster and reduce your payment processing fees – call for a free quote today. Please note – same day settlement is only available to some businesses, and dependent on various factors. Usually, the retailer acquires a certain level of discretion and other factors that include how you trade and what nature your business has. 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, 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. 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 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.

The number of benefits are many when you accept in-store services and the processing of cards. Companies that accept credit cards can do so by increasing their customer base. The option of accepting payment by credit card will facilitate the experience for the merchant. 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?

Deciding what type of card machine suits your company should be done after you have a merchant services account to your business. 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 are payment experts as far as card machines are concerned and we offer the best card machines around. As they are designed to advance your business. There is a card machine feet budget and installation. You can enjoy the benefits of owning your own card machine, or renting on a short or long term lease agreement. The major types of card machines for business owners to use are our CounterTop card terminals or mobile solutions that include Wi-Fi Bluetooth and Sim card enabled 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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