What are merchant services?

There is more to merchant services than simply processing credit cards. There are many available ways that payments can be made securely and effectively. Accept credit and debit cards from your customers, online and off-line. Regardless of the type of payment you would like to receive, whether it be online, monthly, or the payment process that you need assistance with, merchant services are here to cover any need or guidance you may request. We will combine your necessities and your given budget when we provide you with the trustworthy payment handling.

Merchant card services located in Lancaster 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. In order for you and your business to succeed, you will need to put a plan in place. Our card payment specialists will develop any notable aspects surrounding what will affect your business in a more positive way.

Payments made by credit or debit card depend on you, your business and the field you’re in. You will be given a quick fix that we offer based on retrieved information. 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?

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. When your payment is being processed and will soon be accepted it falls in the hands of our merchant accounts. 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 Lancaster.

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. Every day, more customers are insisting on being able to pay using their card, and based on the current conditions, fewer people choose to handle cash due to the concerns that come from the pandemic. When you own a merchant account your business will be able to receive incoming payments digitally, while diminishing the downside of permitting anybody to use cheques or cash instead. 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. In order to provide a quick, easy and secure payment process, use our merchant services, both 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 Lancaster company, one application will not suffice. 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. If your initial thought is that using merchant accounts is difficult, there is no need to worry they are easier than they look. They can be intimidating if you don’t understand what you’re signing up to. Merchant services supply you with the support and personal descriptions on how to go through with your application process. Choose carefully scrubber choose the right one for your business carefully by checking out these misconceptions surrounding merchant accounts and getting to the truth. There is also a myth that merchant services are very costly 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 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 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 Lancaster.

The use of our merchant services has many advantages. Being a leading merchant account provider in Lancaster, we will provide you with fast and simple solutions to any business of any size. We focus on creating a turnkey solution that will lead to your online success. We supply merchant services to switches, and are new to cards and any other companies, and we strive to offer the lowest rates you will be able to find and credit card processing. 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. It’s never been easier to create an account with wireless terminal solutions. Whether you’re an established business or just starting out, choosing our payment platform is an easy way to get set up with all payment options you need.

Added card security.

Small businesses must ensure the security of their credit card information. 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 can’t trust just anyone to watch your credit card information, protect yourself by working with the provider that is PCI compliant which is also designed to prevent security breaches. If your business is currently accepting payments by card and you are worried about security vulnerabilities, it is highly advisable for you to keep any contact information up-to-date with relevant acquiring merchants. You can do this online or by contacting your merchant services acquirer directly.

Fast payment settlement.

Noting on the same day means that you will receive money into your account from your merchant services much much faster. Credit card processing and merchant services from wireless terminal solutions makes it perfectly possible to get access to those funds right away. 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 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 Usually, the retailer acquires a certain level of discretion and other factors that include how you trade and what nature your business has. Same day settlement on your merchant services account enables business owners to receive money from clients.

Offer flexible payment options for your customers.

In today’s environment, we need to provide as many options as possible in order to accept payments. 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 more than 12 years, wireless terminal solutions ingenious and original approach to merchant services has helped business owners provide various payment options that meet their unique 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 option of accepting payment by credit card will facilitate the experience 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 businesses that are small medium or big so that we are able to manage and fully develop your company.

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 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. In respect to card machines we are experts in the field and we offer the best regarding those card machines. We have one mark distributor feet budget on configuration. Take advantage of how owning a card machine or renting an assured long-term lease will benefit your business in the long run. All come with a whole host of benefits and owners will enjoy hassle free transactions and lower processing fees. 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.

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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