A merchant account is one of the many necessities that pave the road to achieving success in business, especially in this increasingly online-reliant world. If it’s your first time applying, however, you may find the process a bit intimidating, particularly due to the extensive list of requirements that come with the application form.
Merchant account prices are dependent on several factors, most significantly the type of business, the volume of monthly transactions and the level of credit risks the merchant poses to the account provider.
In the UK, the Faster Payments Service have been running for years. We’ve become accustomed to sending and receiving money faster than before, and the convenience of FPS has been felt by businesses and consumers alike.
Credit cards are a popular payment method in the UK. Statistics show that more than half of all retail spending in the country is made using cards. If you sell products or services, therefore, it's paramount that you're able to accept credit cards.
Merchants in the travel industry are considered high-risk by payment services providers, which essentially means they represent a higher likelihood of financial loss.
The success of any company hinges on strong client relationships. As a merchant, you need to become a trusted partner to your customers rather than just a vendor. There’s no easy button for building and maintaining positive relationships with clients, but these three simple, yet powerful ideas can help put you on the right path.
Success is not final; failure is not fatal: It is the courage to continue that counts.…