Basically, every business that takes cards has to have a merchant account between the customer’s bank account and their own. And depending on how you’re going to take card payments, you may need more than one, but don’t worry we’ll sort all that out for you - in a jiffy. And best of all, it’s free.
Card transactions seem simple, but are actually pretty complex. That’s where a merchant account comes in. It’s different to a business bank account or personal bank account (if you're a sole trader) and if you want to accept card payments, you have to have both. The merchant account acts a bit like a middleman between you and your customers. When they make a payment, it checks there’s enough funds in their account, takes the money, holds it while the process completes, then drops it into your bank account 3-5 business days later. Get in.
Depends what you’re doing really. If you’re taking card payments with a card machine, you’ll need one for each location you’re taking payments – but you can have multiple card machines at each site.
For online payments it’s a bit different. You’ll need an merchant account for online payments (even if you already have one for a physical shop) and you’ll need a different one if you want to accept payments by email or phone, or both.
But don’t get hung up on the numbers. We’ll look at your whole business, figure out the best and most efficient solution for you, explain it, agree it with you, and set it all up for nothing. We’re nice like that.
1. One shop and one card machine = one account
2. One shop and five card machines = one account
3. Three shops and three card machines = three accounts
4. Online shop = one account (even if you also have one for a physical shop)
5. Phone or email payments = one account
Need some help? Our UK-based team are available 24/7. They’re a friendly bunch whose mission is to make things easy for you.
What do you get when you combine the power of 80,000 small businesses? Better rates. It’s no joke – we use our size to negotiate with the banks and pass the savings onto you.
We know time is money, so we never waste yours. From easy online sign up to 3 day set up, even our Chip and PIN machines are quick – just plug them in and you’re off.
Another really decent thing about being with Paymentsense is the fact I can now get paid through email, over the phone and on my website.Simon White
Simon White Plumbing
I have a link from our secure online terminal so customers can pay online - taking card payments straight on the website, which has increased sales.Gary Lee
Green Leevs Garden Centre
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