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What are merchant services?

Handling credit cards isn’t the only service merchant services will provide you with. There are numerous ways to accept payments securely and efficiently. Accept credit and debit cards from your customers, online and off-line. Payment process, all aspects of payments, online payments, e-commerce, recurring invoicing, and all types of integrations are some of the many services that merchant services cover when you wish to receive payments. We will combine your necessities and your given budget when we provide you with the trustworthy payment handling.

Factors such as what kind of business you have, how you plan to take payments, whether it is by telephone or in person, your credit history and any previous experience are the baseline of our merchant card services. As our incoming payments by card are handled by professionals, they gain insight for knowledge in order to determine what your business is missing and what steps you need to take to obtain what is missing.

Payments made by credit or debit card depend on you, your business and the field you’re in. You will be given a quick fix that we offer based on retrieved information. 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?

This subject is often confusing to new business owners regarding the process of payment. Your business bank account represents any expenses associated with what it takes to run your business through to its biggest extent. When your payment is being processed and will soon be accepted it falls in the hands of our merchant accounts. We work exclusively surrounding any aspect of merchant services, and our goal is to create a perfectly unified system for business owners located in Weybridge to then have access to merchant services, the processing of credit cards and EPOS till schemes.

What are the benefits of having merchant services?

In store merchant services offer the ability for any customer payment to be made not only with credit or debit cards, but also pain wave transactions with a limit of £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. 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. 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.

Acquiring a merchant account means more than completing an application is required. Once an account has been approved, there are numerous conditions and rates must be agreed upon by the business 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. Merchant services supply you with the support and personal descriptions on how to go through with your application process. 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. 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 a myth surrounding merchant services, that means it is expensive to get started with a merchant service. In order to make your life as a merchant easier and increase profits, you must choose the right merchant services provider. 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. 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 Weybridge.

Using our merchant services has numerous advantages. Being a leading merchant account provider in Weybridge, we will provide you with fast and simple solutions to any business of any size. Our objective is to create a 10 key solution that will make your presence online successful. 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. 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.

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. Creating a merchant account with a wireless terminal solution is as easy as ever. 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 need to be sure your credit card information is safe. Throughout a variety of payment gateways and websites merchant services providers will help to protect you and your customers by managing the payments. 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 mustn’t rely on anyone to monitor your credit card details, working with a provider that is PCI compliant will help you avoid this situation. 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.

Settlement on the same day means you will receive the money into your accounts for your merchant services much quicker. Wireless terminal solutions credit card processing and merchant services provide immediate access to these funds. In today’s environment, many companies focus on timelines and prompt settlement of payment. Insert yourself into the daily operation of your company thanks to our extensive dealer 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. Please note – same day settlement is only available to some businesses, and dependent on various factors. Usually, the retailer acquires a certain level of discretion and other factors that include how you trade and what nature your business has. Same day settlement on your merchant services account enables business owners to receive money from clients.

Offer flexible payment options for your customers.

In today’s environment, we need to provide as many options as possible in order to accept payments. Merchant services can give your company the assistant it needs in order to get paid at the right time and the right amount, regardless if you have a poor credit record, high-risk merchant services are what we specialise in. All merchant services can help you deal with the crisis surrounding credit by accepting credit card payments and any related products also.

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.

The benefits of accepting merchant services and card processing are numerous. Credit card companies can indeed grow their customer base. Furthermore, the option of accepting payment by card provides the merchant with additional relaxation. 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 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 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 a card machine for every budget and set up. You can take advantage of the benefits of owning your own card machine, or leasing on a short or long term rental contract. 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.

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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