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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. 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. We will combine your necessities and your given budget when we provide you with the trustworthy payment handling.

Our merchants card services in Camborne 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 Camborne will gain great knowledge on how you and your vocation can arrange future strategies that will fulfil all your needs.

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. 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?

It often confuses business owners who are new to the world of payment processing. Your business bank account represents any expenses associated with what it takes to run your business through to its biggest extent. 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 Camborne 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 give your company the opportunity to allow your customers to pay you via credit or debit cards. For scrub that More and more customers insist on having the option to pay by card and under the current climate, less people are wanting to handle cash over fears caused 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. For small business owners, merchant services are a requirement in order to keep pace with the advancements of card payments, which is still growing today. Enjoy the merchant services that we provide, using them to ensure a safe and simple payment process anywhere, at any time. Within a few days, we can provide you with solutions regarding merchant services.

Merchant services and misconceptions.

Getting a merchant account for your Camborne business takes more than filling out an application. Once an account has been approved, there are numerous conditions and rates must be agreed upon by the business user. Merchant accounts are not as difficult as they seem.. 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. 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 complicated, so it is natural for a business owner to wonder how much it will cost to get started.

There is also a myth that merchant services are very costly to start up. In order to make your life as a merchant easier and increase profits, you must choose the right merchant services provider. If you are looking to choose a different provider another misconception is the business owner thinking they are stuck with their existing acquirer, think carefully and choose wisely. Wireless terminal solutions is here to help you see your way out of your contract. Offering several paths into finding better rates and fees and providing superior merchant services as a result.

Key benefits to using our merchant services in Camborne.

Using our merchant services will provide you with a multitude of advantages. We are a leading provider of merchant accounts in Camborne, offering fast and easy solutions for businesses of all sizes. We aim to build a ready made solution in order for you to succeed online. If you are looking for the lowest rates available on credit card processing, our merchant services will provide. 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. Creating a merchant account with a wireless terminal solution is as easy as ever. If you are just getting started with your business or you are already established, the payment platform that you choose will make it easier to set up with all the payment options that you need.

Added card security.

Small businesses are responsible for ensuring that the 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 all merchant accounts must lie with the PCI after providing how credit card information is processed ,stored and used.

You can’t trust anybody to read through your credit card information. PCI compliant providers will help prevent any breach in security. If your business is currently accepting payments by card and you are worried about security vulnerabilities, it is highly advisable for you to keep any contact information up-to-date with relevant acquiring merchants. You may do so online or by getting in touch with the purchaser of your in-store services directly.

Fast payment settlement.

Same day settlement means you get the money in your account from your merchant services a lot faster. Credit card processing and merchant services from wireless terminal solutions makes it perfectly possible to get access to those funds right away. In the current climate, most companies are focused on steady timelines and prompt payment resolution. Soak up the daily management of your business with our full merchant service. Your money can be accessed faster and your payment processing fees can be lower – call us and get a free quote today or any day. 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 on your merchant services account enables business owners to receive money from clients.

Offer flexible payment options for your customers.

Under the current environment, there is a need to provide various options when accepting payments. 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 numerous benefits in starting to accept in-store services and card processing. Credit card companies can indeed grow their customer base. Furthermore, the option of accepting payment by card provides the merchant with additional relaxation. Our merchant services and payment technology are already in use by thousands of businesses and companies in the UK, if you would like to be a part of this which will benefit your company please call us today. The companies we work with are of all different sizes, which is how we manage and grow your business.

What types of card machines come with the merchant service account?

Once your company has a merchant service account, you will have to decide what kind of card machine it needs. Type of business they are and how they interact with their customers is what it all comes down to. There are a variety of card manufacturers across the United Kingdom, the most popular ones being in Ingenico, VeriFone, PAX, Spire and Castle. We specialise in payment for card machines and we offer nothing but the best, including hardware that is designed to benefit your business. We provide a card dispenser feet budget and configuration. You can take advantage of the benefits of owning your own card machine, or leasing on a short or long term rental contract. 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. Every single one comes with a variety of benefits and owners will benefit from stress free transactions and lower processing costs.

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.

Our innovative products will encourage you to take the next step regarding your business.

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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