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What are merchant services?

Merchant services do not only revolve around processing credit cards. There are many available ways that payments can be made securely and effectively. Accept credit and debit cards from your customers, online and 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 pay you with the finest payment processor in order to suit your needs and meet your budget.

Our merchants card services in Essex 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. All worries aside, our card payment consultants are ready to supply you with an immediate plan of action based on a detailed assessment about you and your business.

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. Gather the information you need surrounding our payment solution services and what will suit you best.

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. Any business associated bank account equals the cost of running your business globally. Processing and accepting payments falls on the responsibilities of merchant accounts. 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 Essex 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. 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. 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. You can benefit from our merchant services, and you can offer quick, secure ways to pay whether it is in person or online. Within a few days, we can provide you with solutions regarding merchant services.

Merchant services and misconceptions.

Acquiring a merchant account means more than completing an application is required. Having an approved account comes with a wide range of terms and processing rates the business user will need to agree on. One of the biggest misconceptions is that merchant accounts can be intimidating. When first enrolling in a merchant account it can seem very confusing. 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. 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.

There is a myth surrounding merchant services, that means it is expensive to get started with a merchant service. If you own a small business, choosing the right merchant service provider will ease your merchant life and make it more beneficial. There are many different aspects of the service that you should consider before selecting the right provider for your business ‘I’m stuck with my existing acquirer’ is another common misconception. 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 Essex.

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 in-store services for switches, that are new to cards and many other companies and our goal is to provide the lowest rates available when processing credit cards. As the contactless limit was raised to £45 in April of this year, people in the UK chose to pay by their mobile devices more than ever. This means the number of card processing transactions will grow stop

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. Wireless terminal solutions have made it easier than ever to create a merchant account. Whether you’re an established business or just starting out, choosing our payment platform is an easy way to get set up with all payment options 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 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 you are a business owner that currently accepts card payments and you are concerned over security breaches, it is strongly advised to keep your contact details up-to-date with the relevant merchant acquirer. You may do so online or by getting in touch with the purchaser of your in-store services directly.

Fast payment settlement.

Noting on the same day means that you will receive money into your account from your merchant services much much faster. Credit card processing and merchant services provided by wireless terminal solutions allow access to these funds right away. In the current environment, many businesses are focused on not only timelines but timely payment settlement. Absorb yourself in the day-to-day running of your business with our comprehensive 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. You can receive money from your customers by using the same day settlement service on your merchant services account.

Offer flexible payment options for your customers.

In the current climate it is imperative to offer as many options as possible for accepting payment. 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.

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.

The number of benefits are many when you accept in-store services and the processing of cards. Businesses that accept credit card payments can indeed expand their clientele by accepting those payments. The option of accepting payment by credit card will facilitate the experience for the merchant. If you would like to take part in our merchant services and payment technology, much like thousands of retailers and businesses across the UK, please call us today. Companies that we work with we are of any and all sizes, allow us to develop and manage your company in order for it to grow.

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. It all comes down to what kind of company they are and the way in which they interact with their clients stop scrap that While there are various carmakers in the United Kingdom, some of the best include 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 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 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.

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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