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What are merchant services?

At merchant services the services are not limited to credit card processing. 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. 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 match you with the best merchant payment processor that fits your needs and budget.

Merchant card services located in Oswaldtwistle 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. In order for you and your business to succeed, you will need to put a plan in place. Our card payment specialists will develop any notable aspects surrounding what will affect your business in a more positive way.

We get to know you, your business and the industry you work in, so that we can build a credit or debit card payment solution that works for you, uniquely tailored to your customers needs. Tap into the expertise of one of our payment solution experts to deliver the perfect product for you.

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 accounts are solely about processing and accepting incoming payments by credit or debit cards. We are experienced in all sides of merchant services, and we are working to build a fully integrated platform in which business owners located in Oswaldtwistle can enjoy any type of merchant service, such as credit card processing or till system by EPOS.

What are the benefits of having merchant services?

Accepting payments by credit or debit cards is simple thanks to merchant services, including pay and wave which can increase in value of up to £45. The option of paying by credit or debit card has become much more in demand and ever since the pandemic took place. With a merchant account, your company will be able to accept thus lowering the number of checks or notes you will have to come into contact with. 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. Enjoy the merchant services that we provide, using them to ensure a safe and simple payment process anywhere, at any time. We can have you equipped with merchant service solutions in a matter of days.

Merchant services and misconceptions.

To get a merchant account for your Oswaldtwistle 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 new to merchant accounts they can seem quite disorientating at the start. 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. There is a myth surrounding merchant services, that means it is expensive to get started with a merchant service. Wondering how much it cost to start up surrounding merchant services is a normal step to take.

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, choosing the right merchant service provider will ease your merchant life and make it more beneficial. There are a lot of different aspects to the service that you must consider in order to make the right decision when selecting a new provider. 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 Oswaldtwistle.

There are many benefits when you use our merchant services. Being a leading merchant account provider in Oswaldtwistle, 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. 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. 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.

We understand that customers are free to pay how they want, and when they want. However transactions by card are safer. Registering as a merchant through wireless terminal solutions has never been this simple. 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 have a responsibility to make sure that their credit card information is safeguarded. Merchant service providers can help protect you and your clients by managing payments across multiple payment 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 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. You can contact your merchant service acquirer directly online scrap that you can contact your merchant service acquirer directly or online.

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. During the current climate, many businesses are geared around quick turnaround and needing fast payment settlement. Absorb the daily management of your company with our all-inclusive merchant services. Get your money quicker and lower your payments processing costs – call us today for 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 service account simply allows business owners to receive money from clients.

Offer flexible payment options for your customers.

In the current climate it is imperative to offer as many options as possible for accepting payment. In order to get paid on time and in full, regardless of your credit record, we specialise in high risk merchant services. It could give your business the help and support it needs. Our merchant services can assist you in overcoming the credit crisis by accepting credit card payments and related products.

For over 12 years, wireless terminal solutions innovative and creative approach to all aspects relating to merchant services has been helping business owners with a variety of payment options that meet their particular needs.

Take advantage by accepting or debit and credit cards.

There are a number of advantages when starting to accept merchant services and any type of card processing. Companies that accept credit cards are able to increase their clientele, thus increasing the profits. In addition, being able to accept card payments provides the merchant additional peace of mind. Our merchant services and different types of payment technology is only being used by thousands of retailers and companies across the UK, if you’re interested in joining this movement in merchant processing, contact us today. 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 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 There are various card manufacturers in the UK, the main ones being in 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. Take advantage of how owning a card machine or renting an assured long-term lease will benefit your business in the long run. 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 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.

Our innovative products will encourage you to take the next step regarding your business.

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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