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What are merchant services?

At merchant services the services are not limited to credit card processing. You have various options when it comes to accepting incoming payments in a secure and efficient manner. Regardless of your online or off-line status, always accept debit or credit cards from your customers. 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 will pay you with the finest payment processor in order to suit your needs and meet your budget.

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. But don’t worry, our specialists in card payment at Tow-Law 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. 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?

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 are solely about processing and accepting incoming payments by credit or debit cards. 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 Tow-Law.

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. If you have a merchant account, you are eligible for digital payments instead of simply accepting cash in hand. 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. Merchant service solutions can become available to you in mere days.

Merchant services and misconceptions.

Simply submitting an application will not be enough for you to obtain a merchant account for your business. Having an account that has been approved is accompanied by a variety of terms and rates of treatment that must be agreed upon by the commercial user. it can be quite simple to use a merchant account, despite any confusion at the start. At first they can be quite daunting if you’re not familiar with what you are getting into. A willing fall merchant service provider scrubber provider will going to more detail and help you with your application process. 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 also a myth that merchant services are very costly to start up. 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. If you are a small business owner, choosing the right merchant services providers can make your life as a merchant easier and more profitable. While there are a number of aspects surrounding the service that you need to consider before choosing the right provider for your business, you are not stuck with your current provider and can freely choose another one. 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 Tow-Law.

Using our merchant services will provide you with a multitude of advantages. We are a leading vendor of merchant accounts in Tow-Law, we provide quick and simple solutions regardless of the size of your business. Our focus is on creating a ready made fix in order for you to be successful 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.

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’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 must comply with the PCI, which provides worldwide standards on how credit card information is processed, used and then stored.

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. This can be done online or by contacting your merchant service purchaser directly.

Fast payment settlement.

Same day settlement means you get the money in your account from your merchant services a lot faster. With credit card processing and merchant services from wireless terminal solutions, you are granted access to your funds right away. In the current environment, many businesses are focused on not only timelines but timely payment settlement. Get absorbed in the daily management of your business with our comprehensive merchant service. Get your money quicker and lower your payments processing costs – call us today for a free quote. Please note – same day settlement is only available to some businesses, and dependent on various factors. In general, the merchant acquires discretionary power and other factors, including the way you negotiate on 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.

Under the current environment, there is a need to provide various options when accepting payments. The assistance that you will need in order to get paid on time, regardless of your credit history, high-risk merchant services is here to provide you with that assistance. Our merchant services can help you beat the credit crunch by accepting payments to credit cards and related products.

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.

The benefits of accepting merchant services and card processing are numerous. Businesses who accept credit cards can effectively increase their customer base. 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 small and medium-size companies. So we can manage and grow with 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. This all depends on which type of business they are and how they generally deal with their client. While there are various carmakers in the United Kingdom, some of the best include Ingenico, VeriFone, PAX, Spire and Castle. In respect to card machines we are experts in the field and we offer the best regarding those card machines. 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. 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. 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.

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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