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What are merchant services?

There is more to merchant services than simply processing credit cards. There is more than one way to accept safe and effective payments. Whether it is online or off-line, always accept credit and debit cards from your customers. Merchant services covers all payment processing needs, with a bountiful number of payment gateways, online payments, e-commerce, recurring billing, infinite integrations and more, there are many ways to accept payments. 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. As our incoming payments by card are handled by professionals, they gain insight for knowledge in order to determine what your business is missing and what steps you need to take to obtain what is missing.

Payments made by credit or debit card depend on you, your business and the field you’re in. You will be given a quick fix that we offer based on retrieved information. Would you like to know what types of products we offer or which one is right for you? Get in touch with one of our experts today.

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. Any business bank account is the expense associated with operating your business as a whole. Merchant accounts only prose says and accept payments by credit and debit cards. We work exclusively surrounding any aspect of merchant services, and our goal is to create a perfectly unified system for business owners located in Hugh-Town 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 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. When you own a merchant account your business will be able to receive incoming payments digitally, while diminishing the downside of permitting anybody to use cheques or cash instead. If you are looking to remain up to date with the improvements being made concerning your business, merchant services help you remain up-to-date and increase card payments over cash payments. You can benefit from our merchant services, and you can offer quick, secure ways to pay whether it is in person or online. Our merchant service solutions take only a few days to become accessible to.

Merchant services and misconceptions.

To get a merchant account for your Hugh-Town company, one application will not suffice. 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. When first enrolling in a merchant account it can seem very confusing. Merchant services supply you with the support and personal descriptions on how to go through with your application process. Make sure you choose the right one for your business by checking out these merchant account myths and discovering the real truth. There is also a myth that merchant services are very costly to start up. Wondering how much it cost to start up surrounding merchant services is a normal step to take.

Another example of a misconception that surrounds merchant services is that they can be expensive to start with. In order to make your life as a merchant easier and increase profits, you must choose the right merchant services provider. There are various sides to the service that you must think carefully about prior to choosing a new provider for your business. 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 Hugh-Town.

There are many benefits when you use our merchant services. We are a leading provider of merchant accounts in Hugh-Town, offering fast and easy solutions for businesses of all sizes. We focus on creating a turnkey solution that will lead to your online success. Here you can find services for switches, card newbies and many other businesses, as we strive to offer the lowest rates possible when credit card processing. Many people in the UK are now choosing their mobile devices to pay for their goods and a contactless transaction. As the limit is now £45 since April 2020 it is likely that card processing transactions will go up.

Business owners in the United Kingdom are lucky in a variety of ways when it comes to accepting payments and we accept that it is about giving customers a choice, and also the option of paying how they want, when they want. Registering as a merchant through wireless terminal solutions has never been this simple. 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. Merchant service providers can help you protect yourself and your customers by managing payments on various payment gateways and various websites. Merchant accounts must comply with the PCI, which provides worldwide standards on how credit card information is processed, used and then 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 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 may do so online or by getting in touch with the purchaser of your in-store services directly.

Fast payment settlement.

Settlement on the same day means you will receive the money into your accounts for your merchant services much quicker. With credit card processing and merchant services from wireless terminal solutions, you are granted access to your funds right away. In today’s environment, many businesses focus on payment resolution using timelines and prompts. Soak up the daily management of your business with our full merchant service. Get your money faster and reduce your payment processing fees – call for a free quote today. 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 on your merchant services account enables business owners to receive money from clients.

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 business support it needs to be paid on time and in full, regardless of whether or not you have poor credit history, we specialise in merchant services that are highly in demand. 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. Companies that accept credit cards are able to increase their clientele, thus increasing the profits. Furthermore, the option of accepting payment by card provides the merchant with additional relaxation. 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. 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 a merchant services account, you need to determine the type of card machine that suits your business. This all depends on which type of business they are and how they generally deal with their client. There are various card manufacturers in the UK, the main ones being in Ingenico, VeriFone, PAX, Spire and Castle. We are payment experts as far as card machines are concerned and we offer the best card machines around. As they are designed to advance your business. We will provide card machines to fit each 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. We recommend you use countertop card terminals that include ethernet and a phone line connection or mobile solutions Inc that include Wi-Fi Bluetooth and silk are unable products as your main type of card machine for your business. They all come with a host of perks and homeowners will enjoy scrap that they are, the host of perks and company owners will enjoy stress free transactions while paying less for processing cards.

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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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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