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What are merchant services?

Merchant services aren’t just about credit card processing. There are numerous ways to accept payments securely and efficiently. Accept consumers credit and debit cards at all times, off-line and online. 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 Lewisham 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. But don’t worry, our specialists in card payment at Lewisham will gain great knowledge on how you and your vocation can arrange future strategies that will fulfil all your needs.

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. 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 bank account is the expense associated with operating your business as a whole. 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 Lewisham.

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. The option of paying by credit or debit card has become much more in demand and ever since the pandemic took place. 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 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. 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 Lewisham 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. Merchant accounts can be easier to use then you might think. If you are new to merchant accounts they can seem quite disorientating at the start. 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. Make sure you pick the right one scrubber make sure you pick the one that suits your business best by verifying any myths or misconceptions that surround merchant accounts and getting to the bottom to the bottom of them. There is a myth surrounding merchant services, that means it is expensive to get started with a merchant service. Merchant services can be quite difficult to navigate, so figuring out what the cost is in order to start is formality.

There is a myth surrounding merchant services, that means it is expensive to get started with a merchant service. If you own a small business, selecting the right merchant services provided can make your training life’s more simple and much more profitable. There are many different aspects of the service that you should consider before selecting the right provider for your business ‘I’m stuck with my existing acquirer’ is another common misconception. 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 Lewisham.

There are a multitude of benefits to using our merchant services. We are one of the leading merchant account providers in Lewisham, providing quick and easy solutions for businesses 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.

We understand that customers are free to pay how they want, and when they want. However transactions by card are safer. It has never been so easy to set up a merchant 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 are responsible for ensuring that the credit card information is safe. Merchant service providers will help keep your customers safe and secure by managing your payments on various payment gateways in different websites. All merchant accounts must conform to the PCI norms that will explain how you process use and store all credit card information.

Not everyone can be trusted to monitor your credit card information. Avoid this by 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. You can contact your merchant service acquirer directly online scrap that you can contact your merchant service acquirer directly or online.

Fast payment settlement.

Noting on the same day means that you will receive money into your account from your merchant services much much 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. Absorb yourself in the day-to-day running of your business with our comprehensive merchant service. Get your money faster and reduce your payment processing fees – call for a free quote today. Same day settlement is only accessible to hand-picked companies and depends on many different factors that are taken into consideration. Generally, the merchant acquires discretionary power and other considerations, this includes your negotiation skills 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.

In the current climate, we must offer a number of options in order to receive payments from clients. 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. In order to avoid credit crunches by accepting credit card payments and associated products all merchant services can help you.

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. Businesses that accept credit card payments can indeed expand their clientele by accepting those payments. 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?

Deciding what type of card machine suits your company should be done after you have a merchant services account to your business. Type of business they are and how they interact with their customers is what it all comes down to. Although there are many different card makers across the UK, the recommended ones are in Ingenico, VeriFone, PAX, Spire and Castle. The hardware is designed to ensure that your business grows, therefore we are experts when it comes to card machines and we offer nothing but the best. We have a card machine for every budget and set up. You can enjoy the benefits of owning your own card machine, or renting on a short or long term lease agreement. Countertop card terminals which include ethernet and phone line connection or mobile solutions that include Wi-Fi Bluetooth and Sim card enabled products are the main types of colour machines for business owners to use. 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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