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What are merchant services?

Handling credit cards isn’t the only service merchant services will provide you with. 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 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. We will combine your necessities and your given budget when we provide you with the trustworthy payment handling.

Merchant card services located in Ibstock 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.

We get to know you, your business and the industry you work in, so that we can build a credit or debit card payment solution that works for you, uniquely tailored to your customers needs. 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?

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. Processing and accepting payments falls on the responsibilities of merchant accounts. We work exclusively surrounding any aspect of merchant services, and our goal is to create a perfectly unified system for business owners located in Ibstock to then have access to merchant services, the processing of credit cards and EPOS till schemes.

What are the benefits of having merchant services?

With merchant services you are able to take payments from your customers that wish to use their debit or credit cards. 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. 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 are essential to small businesses in order to monitor the growth and increase in credit or debit card payments. In order to provide a quick, easy and secure payment process, use our merchant services, both physically or online. 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 Ibstock company, one application will not suffice. Having an approved account comes with a wide range of terms and processing rates the business user will need to agree on. One of the biggest misconceptions is that merchant accounts can be intimidating. At first they can be quite daunting if you’re not familiar with what you are getting into. 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. 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 myth surrounds the aspect that merchant services are very expensive to get started with. Wondering how much it cost to start up surrounding merchant services is a normal step to take.

There is also a myth that merchant services are very costly 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 a lot of different aspects to the service that you must consider in order to make the right decision when selecting a new provider. 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 Ibstock.

Using our merchant services has numerous advantages. We are a leading provider of merchant accounts in Ibstock, offering fast and easy solutions for businesses of all sizes. Our goal is to create a turnkey solution that helps you succeed online. If you are looking for the lowest rates available on credit card processing, our merchant services will provide. Many people in the UK are now choosing their mobile devices to pay for their goods and a contactless transaction. As the limit is now £45 since April 2020 it is likely that card processing transactions will go up.

We understand that customers are free to pay how they want, and when they want. However transactions by card are safer. It’s never been easier to create an account with wireless terminal solutions. Whether your business is already established or a new start-up, selecting our payment platform is a simple way to set up all the payment options your business requires.

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 all merchant accounts must lie with the PCI after providing how credit card information is processed ,stored and used.

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 may do so online or by communicating directly with your merchant service acquirer.

Fast payment settlement.

Settlement on the same day means you will receive the money into your accounts for your merchant services much quicker. With the credit card processing and merchant services provided by wireless terminal solutions, these funds can be accessed immediately. In today’s environment, many businesses focus on payment resolution using timelines and prompts. Get absorbed in the daily management of your business with our comprehensive merchant service. Get your money quicker and lower your payments processing costs – call us today for a free quote. You must remember that same day regulations are only available to certain businesses and depend on a variety of factors stop Generally down to the merchant acquirer’s discretion and other factors including how you trade 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.

Even in the current environment, it is essential to provide many options as possible surrounding accepting payment. 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 will help you in order to avoid a credit crunch by accepting anything related to a credit card payment and such.

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. Companies that accept credit cards can do so by increasing 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. 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. 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 experts as far as card machines are concerned and we offer the best card machines around. As they are designed to advance your business. We will provide card machines to fit each 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. 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.

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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