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What are merchant services?

Merchant services aren’t just about credit card processing. The ways in which payments can be obtained safely and efficiently are endless. Accept consumers credit and debit cards at all times, off-line and online. When it comes to needs during the payment process, online payments, e-commerce, recurring billing cycles, types of integration and many more things to choose from, merchant services will provide these services as there is more than one way to receive a payment safely and securely. We will combine your necessities and your given budget when we provide you with the trustworthy payment handling.

Characteristics such as what business you own, what your plan of action is regarding incoming payments, this includes payments via telephone or direct payment, your past credit endeavours and your proceeding skills are what our merchant card services really entail. All worries aside, our card payment consultants are ready to supply you with an immediate plan of action based on a detailed assessment about you and your business.

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. 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?

A topic that frequently causes confusion amongst business owners who are new to the world of payment processing. Any business associated bank account equals the cost of running your business globally. Merchant accounts only prose says and accept payments by credit and debit cards. We are experienced in all sides of merchant services, and we are working to build a fully integrated platform in which business owners located in Hendon can enjoy any type of merchant service, such as credit card processing or till system by EPOS.

What are the benefits of having merchant services?

Merchant services will give your company the opportunity to allow your customers to pay you via credit or debit cards. For scrub that 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. In order to be acquainted with the current times and the growth surrounding card payments, merchant services are the key to obtaining that knowledge and keeping your business on track. 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.

Simply submitting an application will not be enough for you to obtain a merchant account for your business. Once an account has been approved, there are numerous conditions and rates must be agreed upon by the business user. If your initial thought is that using merchant accounts is difficult, there is no need to worry they are easier than they look. When first enrolling in a merchant account it can seem very confusing. 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. There is a myth surrounding merchant services, that means it is expensive to get started with a merchant service. Merchant services can be very complicated, so making an enquiry surrounding what the cost is to start up is understandable.

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 a lot of different aspects to the service that you must consider in order to make the right decision when selecting a new provider. 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 Hendon.

The use of our merchant services has many advantages. Regardless of the size of your business, we offer quick and simple solutions through our merchant account. Our focus is on creating a ready made fix in order for you to be successful online. 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. People in the UK are choosing to pay with their mobile devices more than ever before and with the contactless limit increased to £45 back in April 2022 eliminating people handling cash, the number of card processing transactions will 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. 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 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 accepts card payments and you are worrying about security breaches, we recommend you to keep any information of your point of contact with your relevant merchant acquirer. Your merchant services purchaser can be contacted online or 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. 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. Please note – same day settlement is only available to some businesses, and dependent on various factors. Generally down to the merchant acquirer’s discretion and other factors including how you trade and the nature of your business. 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.

Even in the current environment, it is essential to provide many options as possible surrounding accepting payment. In order to get paid on time and in full, regardless of your credit record, we specialise in high risk merchant services. It could give your business the help and support it needs. Our merchant services can help you beat the credit crunch by accepting payments to credit cards and related products.

For at least 12 years, wireless terminal solutions have created a different systematic approach to many aspects of merchant services that have assisted business owners in providing a number of different payment options in order to meet their specific needs.

Take advantage by accepting or debit and credit cards.

The benefits of accepting merchant services and card processing are numerous. Credit card companies can indeed grow their customer base. Moreover, the possibility of accepting payments by card gives the merchant peace of mind. 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. 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?

Once your business has become equipped with a merchant services account they will then need to decide what type of card machine they will require. This all depends on which type of business they are and how they generally deal with their client. 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 specialists when it comes to card machines and we offer the best card machines. The hardware is designed to help your business grow. We will provide card machines to fit each budget and set up. Take advantage of how owning a card machine or renting an assured long-term lease will benefit your business in the long run. While there are many types of card machines, the main ones are CounterTop card terminals which include Internet and phone line connected or mobile solutions that include Wi-Fi Bluetooth and Sim card 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.

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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UpSolution Themes

We highly recommend Wireless Terminal Solutions – they have been great to deal with from start to finish. The chip and pin card reader came into its own at Crufts and didn’t let us down once – the connection was great. We are looking forward to our next event, and will certainly be using WTS again. Many thanks for everything

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