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What are merchant services?

At merchant services the services are not limited to credit card processing. The ways in which payments can be obtained safely and efficiently are endless. Always say yes to your customers credit or debit cards, online or off-line. 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. You will be matched with the finest process of payment that stays within your budget and provide you with anything you may need.

Merchant card services located in Barnet 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. But don’t worry, our specialists in card payment at Barnet 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. 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. Your business bank account represents any expenses associated with what it takes to run your business through to its biggest extent. Merchant accounts only prose says and accept payments by credit and 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 Barnet 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?

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. 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. 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. Merchant services is a necessity for small business owners to keep up with the times as the growth in card payments goes from strength to strength. You can benefit from our merchant services, and you can offer quick, secure ways to pay whether it is in person or online. Merchant service solutions can become available to you in mere days.

Merchant services and misconceptions.

In order to obtain a merchant account for your Barnet business, you will need to submit more than one request. 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. Merchant accounts can be easier to use then you might think. At first they can be quite daunting if you’re not familiar with what you are getting into. A distinguished merchant service provider will explain in more detail and support your business throughout your application process. 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 myth surrounds the aspect that merchant services are very expensive to get started with. Merchant services can be quite difficult to navigate, so figuring out what the cost is in order to start is formality.

There is a myth surrounding merchant services, that means it is expensive to get started with a merchant service. If you are a small business owner, choosing the right merchant services providers can make your life as a merchant easier and more profitable. If you are looking to choose a different provider another misconception is the business owner thinking they are stuck with their existing acquirer, think carefully and choose wisely. 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 Barnet.

There are many benefits when you use our merchant services. Being a leading merchant account provider in Barnet, 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. 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 limit is now £45 as of April 2020 in order to reduce him out of people who handle money on a day-to-day basis, the amount of transactions made by credit card is likely to increase significantly.

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 has never been so easy to set up a merchant account with wireless terminal solutions. Regardless of whether your business has been around for a long time or is new, selecting our payment platform will simplify the setup of all of your payment options.

Added card security.

Small businesses have a responsibility to make sure that their credit card information is safeguarded. Merchant service providers will help keep your customers safe and secure by managing your payments on various payment gateways in different websites. All merchant accounts must conform to the PCI norms that will explain how you process use and store all credit card information.

Not everyone can be trusted to monitor your credit card information. Avoid this by working with a provider that complies with PCI. 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. This can be done online or by contacting your merchant service purchaser directly.

Fast payment settlement.

You may receive your money in your account from your merchant services on the same day. Wireless terminal solutions credit card processing and merchant services provide immediate access to these funds. 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. 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 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, in today’s environment, providing as many options as possible for accepting payment is imperative. 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. Our merchant services can help you beat the credit crunch by accepting payments to credit cards and related products.

For at least 12 years, wireless terminal solutions have created a different systematic approach to many aspects of merchant services that have assisted business owners in providing a number of different payment options in order to meet their specific needs.

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 can do so by increasing their customer base. The option of accepting payment by credit card will facilitate the experience for the merchant. 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. The companies we work with are of all different sizes, which is how we manage and grow your business.

What types of card machines come with the merchant service account?

Deciding what type of card machine suits your company should be done after you have a merchant services account to 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. The hardware is designed to ensure that your business grows, therefore we are experts when it comes to card machines and we offer nothing but the best. We provide a card dispenser feet budget and configuration. Take advantage of how owning a card machine or renting an assured long-term lease will benefit your business in the long run. The main types of card machines for business owners to use are, CounterTop card terminals, definite/phone line connected, all mobile solutions including 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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