What are merchant services?

Merchant services offer a wide range of services, other than the preparation of your credit card. The ways in which payments can be obtained safely and efficiently are endless. Always say yes to your customers credit or debit cards, online or 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. You will be matched with the finest process of payment that stays within your budget and provide you with anything you may need.

Our merchants card services in Wainfleet-All-Saints is based on a multitude of things, including the type of business you own, how you plan to take payments, over the phone or face-to-face, your credit history and prior experience. Don’t worry though, our card payment specialists in Wainfleet-All-Saints will get a really good understanding of what makes you and your business take to design a plan that works for you.

In order for you to fulfil your customers needs we gather knowledge that will lead us to create any credit or debit card payment solution. Get the know-how from one of our payment solutions experts to deliver the right product.

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. An enterprise bank account corresponds to the expenses related to the overall operation of your company. 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 Wainfleet-All-Saints to then have access to merchant services, the processing of credit cards and EPOS till schemes.

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. 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 are essential to small businesses in order to monitor the growth and increase in credit or debit card payments. Take advantage of our merchant services, and you can provide a fast, safe, and secure way to pay for goods and services by card via physically or online. We are able to equip you with merchant service solutions in just a few days.

Merchant services and misconceptions.

In order to obtain a merchant account for your Wainfleet-All-Saints business, you will need to submit more than one request. Once an account has been approved, there are numerous conditions and rates must be agreed upon by the business user. Merchant accounts can be easier to use then you might think. If you are not aware of how merchant accounts work they can seem quite intimidating. A reputable merchant services provider will explain everything in great detail, and support your business through the application process. 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 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. If you own a small business, choosing the right merchant service provider will ease your merchant life and make it more beneficial. While there are a number of aspects surrounding the service that you need to consider before choosing the right provider for your business, you are not stuck with your current provider and can freely choose another one. If you need help ending your contract, wireless terminal solutions is there to help. Also offering a number of rates and fees while providing different methods and services.

Key benefits to using our merchant services in Wainfleet-All-Saints.

Using our merchant services has numerous advantages. We are a leading provider of merchant accounts in Wainfleet-All-Saints, 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. We provide in-store services for switches, that are new to cards and many other companies and our goal is to provide the lowest rates available when processing credit cards. As the contactless limit was raised to £45 in April of this year, people in the UK chose to pay by their mobile devices more than ever. This means the number of card processing transactions will grow stop

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. Registering as a merchant through wireless terminal solutions has never been this simple. 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 need to be sure your credit card information is safe. Throughout a variety of payment gateways and websites merchant services providers will help to protect you and your customers by managing the payments. Merchant accounts must comply with the PCI, which provides worldwide standards on how credit card information is processed, used and then stored.

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 own a business and you accept card payments and you are concerned about any security breaches, we advise you to keep your up-to-date and relevant contact information handy. This can be done online or by contacting your merchant service purchaser directly.

Fast payment settlement.

Settlement on the same day means you will receive the money into your accounts for your merchant services much quicker. Wireless terminal solutions credit card processing and merchant services provide immediate access to these funds. In today’s environment, many companies focus on timelines and prompt settlement of payment. 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 note that, same day settlement will only be accessible to select businesses as it depends on a variety of factors. Typically, the merchant will acquire discretion and other factors, that include the way in which you negotiate and what your business is. Same day settlement service on your merchant service account simply allows business owners to receive money from clients.

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. All merchant services can help you deal with the crisis surrounding credit by accepting credit card payments and any related products also.

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.

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. 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. Companies that we work with we are of any and all sizes, allow us to develop and manage your company in order for it to grow.

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. This all depends on which type of business they are and how they generally deal with their client. 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. There is a card machine feet budget and installation. You can take advantage of the benefits of owning your own card machine, or leasing on a short or long term rental contract. 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 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.

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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