What is a Merchant Account?A merchant account is a form of bank account that allows businesses and organisations to accept payment by debit and credit cards and delivers funds to your business bank account
Your merchant account is now essential. It checks that a customer’s card details are valid and that they are good for payment. The payment is transferred to your Merchant Account and then onto your business bank account.
Payment Processing Companies
First Payment Merchant Services are the go to company for customers in the UK looking for payment processing.
If you’re unsure of what payment processing is, read along. Payment processing is the entire process from you taking a payment from a customer using their credit or debit card. It will fire off a number of operations that results in a payment being declined or authorised.
These operations include security checks, a check on how trustworthy the transaction is, and communications. However, the sale isn’t actually complete until the money is in the bank.
Our job is to ensure that all payments are processed quickly so that the customer can make their payment then move on without any issue.
Frequently Asked Questions
Opening an account is free of charge and you are charged a tiny percentage of your transactions for the service. You never pay more than you can afford. There is also a monthly service charge for the supply of your actual or virtual machine.
If you have more than one address if it is the same business and uses the same bank account, you only need one merchant account.
After you take a card payment, money is transferred to your merchant account, then into your business bank account
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Had a slight glitch but Karen was on hand and dealt with it amazingly so the aftersales would get 6stars if I could 🙂