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What are merchant services?

There is more to merchant services than simply processing credit cards. You have various options when it comes to accepting incoming payments in a secure and efficient manner. Accept credit and debit cards from your customers, online and 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. One of the best payment processors will be available so your necessities and budget don’t go unnoticed.

Merchant card services located in Wallington 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. 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.

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. 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?

If any business owner isn’t familiar with the concept of payment processing, it can create a significant amount of disorientation. Any business bank account is the expense associated with operating your business as a whole. Merchant account deals exclusively with merchant processing and acceptable scrubber and acceptance of debit and credit card payments. We work exclusively surrounding any aspect of merchant services, and our goal is to create a perfectly unified system for business owners located in Wallington to then have access to merchant services, the processing of credit cards and EPOS till schemes.

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 number of customers that now insist on paying by card over cash has increased due to the pandemic’s aftermath. 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. Take advantage of our merchant services, and you can provide a fast, safe, and secure way to pay for goods and services by card via physically or online. We are able to equip you with merchant service solutions in just a few days.

Merchant services and misconceptions.

Simply submitting an application will not be enough for you to obtain a merchant account for your business. 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. If your initial thought is that using merchant accounts is difficult, there is no need to worry they are easier than they look. When first enrolling in a merchant account it can seem very confusing. A distinguished merchant service provider will explain in more detail and support your business throughout your application process. Be sure to pick the right one for your business by verifying these merchant account misconceptions and in covering the real truth. Another example of a misconception that surrounds merchant services is that they can be expensive to start with. Merchant services can be complex, so it is understandable for a business owner to ask what it is going to cost to start.

There is also a myth that merchant services are very costly to start up. If you are a small business owner, choosing the right merchant services providers can make your life as a merchant easier and more profitable. There are various sides to the service that you must think carefully about prior to choosing a new provider for your business. The wireless terminal solution company is there to provide you with help in order to end your contract, offering different rates and fees.

Key benefits to using our merchant services in Wallington.

There are a multitude of benefits to using our merchant services. We are one of the leading merchant account providers in Wallington, providing quick and easy solutions for businesses of any size. Our focus is on creating a ready made fix in order for you to be successful 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. Residents of the United Kingdom chose to pay with their mobile phone more than ever before and with the no contact limits being increased to £45 earlier this year in order to reduce the amount people handling money, the amount of card processing transactions is likely to increase.

We understand that customers are free to pay how they want, and when they want. However transactions by card are safer. 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 need to be sure your credit card information is safe. Merchant service providers will help keep your customers safe and secure by managing your payments on various payment gateways in different websites. Merchant all merchant accounts must lie with the PCI after providing how credit card information is processed ,stored and used.

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 getting in touch with the purchaser of your in-store services directly.

Fast payment settlement.

Same day settlement means you get the money in your account from your merchant services a lot faster. The credit card processing and merchant services of wireless terminal solutions are perfect for accessing funds immediately. In today’s environment, many companies focus on timelines and prompt settlement of payment. Absorb yourself in the day-to-day running of your business with our comprehensive merchant service. Get your cash quicker and minimise your payment processing costs – in order to get a free quote,. You must remember – only certain businesses are eligible for same day settlement depending 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 it is imperative to offer as many options as possible for accepting payment. The assistance that you will need in order to get paid on time, regardless of your credit history, high-risk merchant services is here to provide you with that assistance. Our merchant services can help you beat the credit crunch by accepting payments to credit cards and related products.

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.

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. Furthermore, the option of accepting payment by card provides the merchant with additional relaxation. Our merchant services and payment technology are already in use by thousands of businesses and companies in the UK, if you would like to be a part of this which will benefit your company please call 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 company has a merchant service account, you will have to decide what kind of card machine it needs. This is all dependent on the type of business they are and how they engage with their customers. Although there are many different card makers across the UK, the recommended ones are in Ingenico, VeriFone, PAX, Spire and Castle. We are payment specialists when it comes to card machines and we offer the best card machines. The hardware is designed to help your business grow. We have card machines available to adapt to any 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. The major types of card machines for business owners to use are our CounterTop card terminals or mobile solutions that include Wi-Fi Bluetooth and Sim card enabled products. 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.

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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