Need the Cheapest Merchant Account UK?

Tuesday, July 24th, 2018

Starting a business can be of a challenge, but your merchant account doesn’t have to. How can you find the cheapest merchant account UK, which is also secure and reliable? Just go on reading and you’ll know.

How to Find the Best Merchant Account Provider UK?

Starting a new business is an exciting endeavor. However, you still need to carry out lots of things before you’re officially a business. Opening a merchant account is one of the most crucial things in this regard.

Getting approved for a merchant account can be even more challenging for those who lack financial records or have bad credit. Traditional banks will classify you as high risk and stay away from you.

So, being high risk is what makes you stay away from banks. Also, price is another factor that makes many avoid buying merchant services through banks. The thing is that banks don’t get much freedom from card processors to reduce their fees.

That’s where payment processors or merchant account providers step in. The price you get directly from a credit card processor isn’t as high as the one with banks. However, you should take the time to find the most competitive rates in the industry. Also, if you’re high risk, you should apply to an expert payment processor that specializes in the high-risk sector.

You might say that referral sites are worth considering. Well, they’ll require you to fill out a form and then call you back to confirm your details. Afterwards, they’ll send that information to their partners, and then you’ll get “attacked” by sales calls for weeks.

What about independent sales organisations (ISOs)? For many, buying through an ISO is a good idea. However, they aren’t the best channel to consider. So, no need to look further. Trustworthy payment processors are the best option to go with. Just work with a reputable comparison company to get the best deal for your business.

The Cheapest Merchant Account UK Through a Comparison Company

To buy directly through a card processor, you should negotiate as hard as you can. This way, you’ll be able to secure the lowest-cost merchant account for your business. You can do this by turning to a respectable payment expert in the UK like Best Payment Providers.

Best Payment Providers will take a look at different merchant account providers that dominate the card payment industry thanks to the variety and quality of their products. The experts at Best Payment Providers offer free consultation and review contracts, as well as rates, and fees so to ensure you’re getting the cheapest merchant account UK.

Given the importance of integration requirements, Best Payment Providers always checks each provider’s integration process so to be sure you’re enjoying a smooth transition and onboarding process. Besides, Best Payment Providers’ goal is to guarantee the most honest snapshot of the company at the time of writing.

Sourcing the right merchant account is critical to the success of your eCommerce business since this will dictate the payment management of your business. A reliable and experienced comparison company like Best Payment Providers can help you get the settlement terms, merchant category code, fraud settings, and other account settings right.