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What are merchant services?

Merchant services do not only revolve around processing credit cards. There is more than one way to accept safe and effective payments. Always say yes to your customers credit or debit cards, online or off-line. Payment process, all aspects of payments, online payments, e-commerce, recurring invoicing, and all types of integrations are some of the many services that merchant services cover when you wish to receive payments. We match you with the best merchant payment processor that fits your needs and budget.

Merchant card services located in Harlow include a multitude of defining aspects, such as what field your business is in, how you expect to be receiving payments, in person or over the phone, your credit past and past experience. No need to worry our payments by card consultant will conduct a thorough insight as to what makes it possible for you and your business to come up with an arrangement that’s right for you.

We will retrieve information regarding you, your company and the field you are currently in, in order to establish a payment solution by credit or debit card that is well adapted to the needs of your customers. Get the know-how from one of our payment solutions experts to deliver the right product.

Are business bank accounts the same as merchants bank accounts?

It often confuses business owners who are new to the world of payment processing. Any business bank account is the expense associated with operating your business as a whole. Merchant account is solely responsible for the processing and receiving 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 Harlow.

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. In order to be acquainted with the current times and the growth surrounding card payments, merchant services are the key to obtaining that knowledge and keeping your business on track. You can benefit from our merchant services, and you can offer quick, secure ways to pay whether it is in person or online. Anybody is eligible for merchant service solutions, only taking a short amount of days to be provided to you.

Merchant services and misconceptions.

Simply submitting an application will not be enough for you to obtain a merchant account for your business. 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.. At first they can be quite daunting if you’re not familiar with what you are getting into. A reputable merchant services provider will explain everything in great detail, and support your business through the application process. Be sure to pick the right one for your business by verifying these merchant account misconceptions and in covering the real truth. There is also a myth that merchant services are very costly to start up. 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. If you own a small business, selecting the right merchant services provided can make your training life’s more simple and much 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 are help ahead scrubber wireless terminal solutions are here to help you get off the hook, providing different parts in order to find more suitable rates and fees.

Key benefits to using our merchant services in Harlow.

Using our merchant services will provide you with a multitude of advantages. Being a leading merchant account provider in Harlow, we will provide you with fast and simple solutions to any business of any size. Our goal is to create a turnkey solution that helps you succeed online. 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.

While business owners in the UK are aware that consumers still exercise their rights to pay in any way they prefer, business owners are lucky in a number of ways when it comes to accepting payments. Wireless terminal solutions have made it easier than ever to create a merchant account. If your company is well established you will need a secure payment platform that is easy to use, if you are just getting started, you will need to choose wisely surrounding what payment platform will best suit your company.

Added card security.

Small businesses must ensure the security of their credit card information. In order to protect your customers and the management of your payments merchant service providers will help to protect and manage those payments across a variety of gateways and 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 anybody to read through your credit card information. PCI compliant providers will help prevent any breach in security. 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. Your merchant services purchaser can be contacted online or directly.

Fast payment settlement.

You may receive your money in your account from your merchant services on the same day. The credit card processing and merchant services of wireless terminal solutions are perfect for accessing funds immediately. In the current climate, most companies are focused on steady timelines and prompt payment resolution. Insert yourself into the daily operation of your company thanks to our extensive dealer service. Get your money faster and reduce your payment processing fees – call for a free quote today. You must remember that same day regulations are only available to certain businesses and depend on a variety of factors stop Generally, the merchant acquires discretionary power and other considerations, this includes your negotiation skills 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.

In today’s environment, we need to provide as many options as possible in order to accept payments. 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. All merchant services can help you deal with the crisis surrounding credit by accepting credit card payments and any related products also.

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 benefits of accepting merchant services and card processing are numerous. 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 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 company has a merchant service account, you will have to decide what kind of card machine it needs. This all depends on which type of business they are and how they generally deal with their client. Although there are many different card makers across the UK, the recommended ones are 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 have a card machine for every budget and set up. You must take advantage of the benefits when it comes to owning your own card machine, renting an assured long-term lease is also an available option. 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 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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