Merchant Services
We can help your business accept and process payments from your customers including online card payments and payments face to face. You will then be able to conduct transactions, receive payments, manage your finances more effectively and see the money come rolling in. Woo.
What’s a merchant account and do I need one?
A merchant account is basically a bank account set up through a payment processor that’s separate from your business bank account. Any money you take through card payments will go into your merchant account first, before being released into your business bank account.
This two-step process happens so that the transaction fees you have agreed with your acquirer can be deducted before any money goes into your business bank account. It’s an automatic process and you don’t need to do anything except check your monthly merchant account statements to make sure you’re on top of your cash flow. (So yes, you defo need a merchant account.)
What else do I need?
To accept card payments online you’ll need an online payment gateway that connects your website with your merchant account.
Don’t forget about card payments face to face too. You’ll need a card reader (or several card readers) to accept card payments when your customer is in front of you. You know, those things that take your money when you insert or tap your card.
And finally, if you accept payments by phone, mail or email you will need a virtual terminal. Using one is as easy as visiting a website, logging in, and inputting the customer’s card details and transaction amount when prompted. It’s basically the online version of a card reader you’d have in-store.
As well as transaction fees, there are card processing fees to pay too. These fees depend on what payment gateway or hardware (like card readers) you’ll need and how you want to take card payments.
Use less. Pay less.
Saving energy is in our DNA, so we’re always looking for innovative ways to reduce your energy usage. Post-contract briefings with some of our customers underlined the need to not just source the best terms and bill management but offer a platform to reduce consumption and your carbon footprint. So we introduced our Energy Reduction Strategy (ERS). Because that’s good logic.
Leave it to us. We really mean it.
When you work with us, we genuinely prefer that you save energy and let us handle stuff. Whether it’s a bill, meter, a supply query or phoning up a supplier – leave it with us. Whatever question you have, make us your first and only call and our experts will get to work on resolving it ASAP while you do something more productive.