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What are merchant services?

Merchant services offer a wide range of services, other than the preparation of your credit card. You have various options when it comes to accepting incoming payments in a secure and efficient manner. Welcome your customers credit and debit cards, both online and off-line. 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. We match you with the best merchant payment processor that fits your needs and budget.

Our merchants card services in Sidcup 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. 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 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. The right product for you is right around the corner, get in touch today with one of our experienced payment solution handlers.

Are business bank accounts the same as merchants bank accounts?

This subject is often confusing to new business owners regarding the process of payment. Your total operating expenses rely on the corporate bank account associated with your business. Merchant account deals exclusively with merchant processing and acceptable scrubber and acceptance of debit and credit card payments. 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 Sidcup to access merchant service credit card processing and EPOS till system.

What are the benefits of having merchant services?

With merchant services you are able to take payments from your customers that wish to use their debit or credit cards. 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. If you have a merchant account, you are eligible for digital payments instead of simply accepting cash in hand. Merchant services are essential to small businesses in order to monitor the growth and increase in credit or debit card payments. Enjoy the merchant services that we provide, using them to ensure a safe and simple payment process anywhere, at any time. Our merchant service solutions take only a few days to become accessible to.

Merchant services and misconceptions.

To get a merchant account for your Sidcup company, one application will not suffice. An approved account brings with it a wide range of terms and conditions rates that commercial users will have to accept. it can be quite simple to use a merchant account, despite any confusion at the start. When first enrolling in a merchant account it can seem very confusing. A reputable merchant services provider will explain everything in great detail, and support your business through the application process. Make sure you pick the right one scrubber make sure you pick the one that suits your business best by verifying any myths or misconceptions that surround merchant accounts and getting to the bottom to the bottom of them. There is a myth surrounding merchant services, that means it is expensive to get started with a merchant service. Merchant services can be complicated, so it is natural for a business owner to wonder how much it will cost to get started.

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, selecting the right merchant services provided can make your training life’s more simple and much more profitable. 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. 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 Sidcup.

Using our merchant services has numerous advantages. 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 supply merchant services to switches, and are new to cards and any other companies, and we strive to offer the lowest rates you will be able to find and credit card processing. 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

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. It has never been so easy to set up a merchant account with wireless terminal solutions. 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 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. All merchant accounts must conform to the PCI norms that will explain how you process use and store all credit card information.

You may not trust anybody to look through your credit card information, gather information on working with a provider that complies with PCI. 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. This can be done online or by contacting your merchant service purchaser 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. With the credit card processing and merchant services provided by wireless terminal solutions, these funds can be accessed immediately. During the current climate, many businesses are geared around quick turnaround and needing fast payment settlement. 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. Please note – same day settlement is only available to some businesses, and dependent on various factors. 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 the current climate, in today’s environment, providing as many options as possible for accepting payment is imperative. Merchant services can provide your business with the help it needs to get paid on time and in full, even if you have a bad credit history, we specialise in high risk merchant services. All merchant services can help you deal with the crisis surrounding credit by accepting credit card payments and any related products also.

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.

The number of benefits are many when you accept in-store services and the processing of cards. Credit card companies can indeed grow their customer base. The option of accepting payment by credit card will facilitate the experience for the merchant. Our merchant services and payments technology is already in use by thousands of retailers and businesses across the UK, if you like to join the revolution in merchant processing, contact us now. 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. This is all dependent on the type of business they are and how they engage with their customers. 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 have one mark distributor feet budget on configuration. 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. All come with a whole host of benefits and owners will enjoy hassle free transactions and lower processing fees. Every single one comes with a variety of benefits and owners will benefit from stress free transactions and lower processing costs.

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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