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What are merchant services?

There is more to merchant services than simply processing credit cards. 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. We will combine your necessities and your given budget when we provide you with the trustworthy payment handling.

Depending on what past experience you hold, what your credit history looks like, what type of business you have established, how you intend to receive any payment, regardless of how it is received, you will be eligible for our merchant card services. But don’t worry, our specialists in card payment at Wadebridge will gain great knowledge on how you and your vocation can arrange future strategies that will fulfil all your needs.

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?

An issue that frequently causes confusion among business owners who are new in anything involving payment processing. A business bank account is for expenses relating to the overall running of your business. Merchant account deals exclusively with merchant processing and acceptable scrubber and acceptance of debit and credit card payments. 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 Wadebridge.

What are the benefits of having merchant services?

Merchant services will offer your business the ability for your customers to pay you, using their credit or debit card, this also includes pay and wave transactions which is up to the value of £45. The number of customers that now insist on paying by card over cash has increased due to the pandemic’s aftermath. 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. 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. Within a few days, we can provide you with solutions regarding merchant services.

Merchant services and misconceptions.

To get a merchant account for your Wadebridge 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 are not as difficult as they seem.. If you are not aware of how merchant accounts work they can seem quite intimidating. 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 choose the right one for your business by checking out these merchant account myths and discovering the real truth. Another example of a misconception that surrounds merchant services is that they can be expensive to start with. Merchant services can be complex, so it is understandable for a business owner to ask what it is going to cost to start.

Another example of a misconception surrounding merchant services is that they cost quite a bit of money 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 various sides to the service that you must think carefully about prior to choosing a new provider for your business. Wireless terminal solutions are available to help you free up your contract and introduce you to different rates and fees that may benefit your company.

Key benefits to using our merchant services in Wadebridge.

Using our merchant services has numerous advantages. We are a leading vendor of merchant accounts in Wadebridge, we provide quick and simple solutions regardless of the size of your business. We focus on creating a turnkey solution that will lead to your online success. If you are looking for the lowest rates available on credit card processing, our merchant services will provide. 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.

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. It’s never been easier to create an account with wireless terminal solutions. 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 need to be sure your 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 need to be PCI compliant, meaning the payment card industry data Security standard, which provides a universal standard for how to handle, use and store credit card information.

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 can contact your merchant service acquirer directly online scrap that you can contact your merchant service acquirer directly or online.

Fast payment settlement.

You may receive your money in your account from your merchant services on the same day. Credit card processing and merchant services provided by wireless terminal solutions allow access to these 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 cash quicker and minimise your payment processing costs – in order to get a free quote,. You must note that, same day settlement will only be accessible to select businesses as it depends on a variety of factors. In general, the merchant acquires discretionary power and other factors, including the way you negotiate on the nature of your business. 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 today’s environment, we need to provide as many options as possible in order to accept 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. 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 many advantages to start accepting merchant services and card processing. Businesses that accept credit card payments can indeed expand their clientele by accepting those payments. In addition, being able to accept card payments provides the merchant additional peace of mind. Our merchant services payments technology is being used across the UK by thousands of businesses. If you are interested in dealing merchant’s, contact us now. We work with businesses of all sizes. Allow us to manage and grow your business.

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. It all comes down to the type of company they have and the interactions they have with their customers. Although there are many different card makers across the UK, the recommended ones are 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. The advantages of owning your own card machine are numerous, while you can also rent if you do not wish to purchase one. 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.

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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