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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. Regardless of your online or off-line status, always accept debit or credit cards from your customers. When it comes to needs during the payment process, online payments, e-commerce, recurring billing cycles, types of integration and many more things to choose from, merchant services will provide these services as there is more than one way to receive a payment safely and securely. One of the best payment processors will be available so your necessities and budget don’t go unnoticed.

Depending on what past experience you hold, what your credit history looks like, what type of business you have established, how you intend to receive any payment, regardless of how it is received, you will be eligible for our merchant card services. 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. 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?

This subject is often confusing to new business owners regarding the process of payment. A business bank account is for expenses relating to the overall running of your business. When your payment is being processed and will soon be accepted it falls in the hands of our merchant accounts. 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 Hampton.

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. The amount of customers choosing to pay by card versus cash due to their fears that were brought on by the pandemic has increased significantly. Reducing the amount of checks and notes you would usually come into contact with and offering card payments instead is what having a merchant account is all about. If you are looking to remain up to date with the improvements being made concerning your business, merchant services help you remain up-to-date and increase card payments over cash payments. 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.

To get a merchant account for your Hampton company, one application will not suffice. 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. One of the biggest misconceptions is that merchant accounts can be intimidating. If you are not aware of how merchant accounts work they can seem quite intimidating. A willing fall merchant service provider scrubber provider will going to more detail and help you with 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 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. When you own a small business and you are looking to increase profit and simplicity, you must think carefully before choosing your merchant services providers. 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 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 Hampton.

Using our merchant services will provide you with a multitude of advantages. We are one of the leading merchant account providers in Hampton, providing quick and easy solutions for businesses of any size. We focus on creating a turnkey solution that will lead to your online success. If you are looking for the lowest rates available on credit card processing, our merchant services will provide. Many people in the UK are now choosing their mobile devices to pay for their goods and a contactless transaction. As the limit is now £45 since April 2020 it is likely that card processing transactions will go up.

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. Signing up to a merchant account using wireless terminal solution has never been easier. Whether your business is already established or a new start-up, selecting our payment platform is a simple way to set up all the payment options your business requires.

Added card security.

Small businesses have a responsibility to make sure that their credit card information is safeguarded. Merchant service providers can help you protect yourself and your customers by managing payments on various payment gateways and various websites. All merchant accounts must conform to the PCI norms that will explain how you process use and store all 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. You may do so online or by communicating directly with your merchant service acquirer.

Fast payment settlement.

Same day settlement means you will receive money into your account for your in-store services much quicker. Credit card processing and merchant services provided by wireless terminal solutions allow access to these funds right away. In today’s environment, many companies focus on timelines and prompt settlement of payment. Get absorbed in the daily management of your business with our comprehensive merchant service. Get access to your money quicker than ever and cut down on costs for payment processing – you can get a free quote if you call us today. You must remember – only certain businesses are eligible for same day settlement depending on various factors. Generally down to the merchant acquirer’s discretion and other factors including how you trade and 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.

In the current climate, in today’s environment, providing as many options as possible for accepting payment is imperative. 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 will help you in order to avoid a credit crunch by accepting anything related to a credit card payment and such.

Every aspect of merchant services has helped business owners with many aspects of payment options and wireless terminal solutions have been assisting business owners for over 12 years in order to meet their needs.

Take advantage by accepting or debit and credit cards.

There are numerous benefits in starting to accept in-store services and card processing. Companies that accept credit cards can do so by increasing their customer base. 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. 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?

Once your company has a merchant service account, you will have to decide what kind of card machine it needs. It all depends on what kind of company they are and the way in which they interact with their clients. There are a variety of card manufacturers across the United Kingdom, the most popular 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 one mark distributor feet budget on configuration. The advantages of owning your own card machine are numerous, while you can also rent if you do not wish to purchase one. 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 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.

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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