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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. 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. One of the best payment processors will be available so your necessities and budget don’t go unnoticed.

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. 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 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. Gather the information you need surrounding our payment solution services and what will suit you best.

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. 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 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 PoultonleFylde to access merchant service credit card processing and EPOS till system.

What are the benefits of having merchant services?

Merchant services will give your business the option of paying you with their debit or credit card for two £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. 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. Merchant services can be fundamental in this day and age, allowing you to make and accept any payment while avoiding having to use cash. Enjoy the merchant services that we provide, using them to ensure a safe and simple payment process anywhere, at any time. We are able to equip you with merchant service solutions in just a few days.

Merchant services and misconceptions.

To get a merchant account for your PoultonleFylde company, one application will not suffice. Once an account has been approved, there are numerous conditions and rates must be agreed upon by the business user. Merchant accounts are not as difficult as they seem.. If you are not aware of how merchant accounts work they can seem quite intimidating. A willing fall merchant service provider scrubber provider will going to more detail and help you 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. Another example of a misconception that surrounds merchant services is that they can be expensive to start with. Merchant services can be quite difficult to navigate, so figuring out what the cost is in order to start is formality.

There is also a myth that merchant services are very costly to start up. 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. The wireless terminal solution company is there to provide you with help in order to end your contract, offering different rates and fees.

Key benefits to using our merchant services in PoultonleFylde.

There are a multitude of benefits to using our merchant services. We are one of the leading merchant account providers in PoultonleFylde, providing quick and easy solutions for businesses of any size. We focus on creating a turnkey solution that will lead to your online success. Here you can find services for switches, card newbies and many other businesses, as we strive to offer the lowest rates possible when credit card processing. 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.

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. Creating a merchant account with a wireless terminal solution is as easy as ever. 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 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 can’t trust anybody to read through your credit card information. PCI compliant providers will help prevent any breach in security. 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 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. In today’s environment, many businesses focus on payment resolution using timelines and prompts. 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. You must note that, same day settlement will only be accessible to select businesses as it depends on a variety of factors. 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.

Under the current environment, there is a need to provide various options when accepting payments. 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 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. The option of accepting payment by credit card will facilitate the experience for the merchant. Our merchant services payments technology is being used across the UK by thousands of businesses. If you are interested in dealing merchant’s, contact us now. The companies we work with are of all different sizes, which is how we manage and grow 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. Type of business they are and how they interact with their customers is what it all comes down to. 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. We have a card machine for every budget and set up. 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. The main types of card machines for business owners to use are, CounterTop card terminals, definite/phone line connected, all mobile solutions including Wi-Fi, Bluetooth and Sim card enabled products. Every single one comes with a variety of benefits and owners will benefit from stress free transactions and lower processing costs.

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.

You can take your business one step further if you include our innovative products. Take any business to the next level 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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