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What are merchant services?

Merchant services aren’t just about credit card processing. There are a number of ways to welcome payment safely and effectively. Always say yes to your customers credit or debit cards, online or off-line. 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 match you with the best merchant payment processor that fits your needs and budget.

Factors such as what kind of business you have, how you plan to take payments, whether it is by telephone or in person, your credit history and any previous experience are the baseline of our merchant card services. But don’t worry, our specialists in card payment at West-Bromwich will gain great knowledge on how you and your vocation can arrange future strategies that will fulfil all your needs.

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. Tap into the expertise of one of our payment solution experts to deliver the perfect product for you.

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 business bank account represents any expenses associated with what it takes to run your business through to its biggest extent. Merchant accounts only prose says and accept payments by credit and debit cards. 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 West-Bromwich to access merchant service credit card processing and EPOS till system.

What are the benefits of having merchant services?

In store merchant services offer the ability for any customer payment to be made not only with credit or debit cards, but also pain wave transactions with a limit of £45. The option of paying by credit or debit card has become much more in demand and ever since the pandemic took place. 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 is a necessity for small business owners to keep up with the times as the growth in card payments goes from strength to strength. Enjoy the merchant services that we provide, using them to ensure a safe and simple payment process anywhere, at any time. Our merchant service solutions take only a few days to become accessible to.

Merchant services and misconceptions.

Acquiring a merchant account means more than completing an application is required. All the terms, and processing rates must be discussed and agreed upon by the business owner before an account is approved is that merchant account. One of the biggest misconceptions is that merchant accounts can be intimidating. 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. 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. When you own a small business and you are looking to increase profit and simplicity, you must think carefully before choosing your merchant services providers. 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. 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 West-Bromwich.

There are many benefits when you use our merchant services. Regardless of the size of your business, we offer quick and simple solutions through our merchant account. Our objective is to create a 10 key solution that will make your presence online successful. We provide merchant services. Which is, new two cards and many other businesses and we aim to offer the lowest rates available on 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. It has never been so easy to set up a merchant account with wireless terminal solutions. Regardless of whether your business has been around for a long time or is new, selecting our payment platform will simplify the setup of all of your payment options.

Added card security.

Small businesses are responsible for ensuring that the credit card information is safe. In order to protect your customers and the management of your payments merchant service providers will help to protect and manage those payments across a variety of gateways and 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 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 do this online or by contacting your merchant services acquirer directly.

Fast payment settlement.

Same day settlement means you will receive money into your account for your in-store 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. In today’s environment, many businesses focus on payment resolution using timelines and prompts. Absorb the daily management of your company with our all-inclusive merchant services. Get your cash quicker and minimise your payment processing costs – in order to get a free quote,. Please note – same day settlement is only available to some businesses, and dependent on various 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 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.

In the current climate, in today’s environment, providing as many options as possible for accepting payment is imperative. 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.

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 numerous benefits in starting to accept in-store services and card processing. Businesses who accept credit cards can effectively increase their customer base. The ability for your business to accept card payments will ensure peace of mind for the merchant. 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. 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?

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 is all dependent on the type of business they are and how they engage with their customers. There are different carmakers in the United Kingdom, the major ones being 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 have a card machine for every budget and set up. The advantages of owning your own card machine are numerous, while you can also rent if you do not wish to purchase one. The major types of card machines for business owners to use are our CounterTop card terminals or mobile solutions that include 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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