123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Top 10 Pointers The Best Merchant Accounts Services Must Include

Profile Picture
By Author: Roger Milne
Total Articles: 11
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Merchant accounts services are slowly but surely becoming a mandatory part of any organization dealing with online transactions. With an overall economic setup increasingly shifting towards online payments, it's only obvious that using anything less than the best merchant accounts around is a financial disaster in the making.

A merchant account is a bank account which typically deals with the acceptance of e-payments or digital cash. Functioning under the agreement of two parties, an acceptor and a merchant who mediates, these accounts are one-of-a-kind in a market economy. And there are certain mandatory features which every merchant account needs to have.

10 Pointers to choosing the best Merchant Accounts in the UK: -

1. Multiple Payment Methods –

Other than debit and credit cards, there are numerous forms of payments. These may even include direct cash handover other than the likes of e-checks. A merchant account needs to have the right setup to adhere and execute these transactions. If not, then there's a high chance of garnering negative consumer convenience.

2. Adjustable Surcharges ...
... or Fees –

Merchant accounts mediate every single transaction instead of fees. Rates affixed vary as per different service providers. It's obvious that lower surcharges prove to be a better choice for the interested party. But this must not come as a compromise for basic features or services. The best merchant account providers charge adjustable fees for specific organizations.

3. Top-End Data Bank Security –

Merchant accounts function with sensitive financial information of every single transaction. Proper security protocols assuring privacy and zero loopholes for info leaks are something every single consumer expects. Leading providers must provide this security with no questions asked.

4. Start-up Friendly Attitude –

Start-ups are behind this phenomenal growth of global economic setups from the point of view of digital marketing. It's obvious that a start-up will lack credit backing or history prompting merchants to nullify a liaison. Leading merchant account providers will be pro-active about their overall mentality towards a nascent business.

5. Consumer Loyalty Programs –

The primary motive behind e-payments is additional consumer convenience. The best merchant functions will include loyalty programs, e.g. gift cards, to convert customers into loyal customers who will return. Market research confirms that loyal consumers end up transacting 10 times more than a non-returning customer. Top merchants increase their transaction revenues by aiding a business in retaining customers.

6. Mobile Compatibility –

Market forecasts conclude that mobile payments will grow up to 78% annually till 2020. This makes mobile setup integration into merchant accounts nothing short of mandatory. There are certain software-specific pointers which come between commonplace desktop e-payment setups and mobile variants from a consumers' point. Leading service providers include mobile integration straight into their setups.

7. Useful Customer Support Functions –

E-gateways are suspect to complications which more often than not include random reasons and explanations. But there are multiple circumstances where consumers stand correct in their complaints. The best service providers will negate these circumstances by providing 24/7 customer care and assistance.

8. Additional Software Integrations –

There are numerous device formats through which a consumer may try to access and process an e-payment. Garnering positive consumer reviews from this aspect will require account and gateway setups to include software integrations and compatibility across all possible devices and operating system variables.

9. International Functional Range –

To continue from a previous pointer, payment gateways, as well as the merchant account, must process varied currencies irrespective of time place specifics. An online business can expect to provide its services to a consumer from a different time zone. The account must include the same without loopholes.

10. Minimal Down-Time –

Down-time, also known as Turnaround Time refers to the total amount of time a system takes to complete a certain function. Lower transaction time is an obvious expectation from a business so that they can liquidate the transaction into their accounts. Minimal down-time is something which only merchant account providers can give and that too with a guarantee.

Seamless Digital Payment Services without Loopholes:

Merchant accounts and payment gateways are part and parcel to an increasing global e-commerce situation. These services are vital for a business to reach out to its target consumers while providing convenient payment options. The primary motive is always consumer convenience.

Independent Management Services is a leading provider of Merchant accounts services and payment gateways in the UK. Along with a host of integrated payment solutions such as EPOS for small businesses, they additionally provide multiple consumer-first add-on services such as loyalty programs to generate business revenue.

Total Views: 349Word Count: 735See All articles From Author

Add Comment

Business Articles

1. Unveiling The Material Characteristics Of Plastic Parts
Author: adam.xu

2. Top 5 Beach View Resorts In Chennai For A Memorable Getaway
Author: greenmeadows resort

3. Relationship Counselling Den Haag Brings The Best Chance To Understand Each Other’s Needs!
Author: Angelika Matthias

4. Web Development Company: Guide For Hiring The Best
Author: Sagar Tech

5. Make A Business Website To Get Started Online
Author: Sagar Tech

6. Elevate Your Software Quality With Agile Advisors: Premier Software Testing Consultancy In Dubai, Uae
Author: kohan

7. Affordable Polyester Pleated Mesh From Top Manufacturers
Author: pavitra

8. Empowering Sustainable Development: Agile Advisors As Your Trusted Leed Certification Consultant In Dubai And Uae
Author: kohan

9. Buy Cats Eye Gemstone Online In Ahmedabad
Author: rishabhjains

10. Why Data Destruction And Sanitisation Are Important
Author: Destruction and Sanitisation

11. Stock Market Update: शेयर बाजार में लगातार चौथे हफ्ते बढ़त: क्या तेजी बरकरार रहेगी? जाने इस हफ्ते किन महत्वपूर्ण पहलुओं पर ध्यान देना चाहिए
Author: M Ratlami

12. Perfect Happy New Year Gift For Your Girlfriend Thoughtful Ideas For 2024
Author: MyFlowerTree

13. China Valmax Valve Co., Ltd
Author: China Valmax Valve Co., Ltd.

14. Mastering Clipping Path In Photoshop: A Guide To Precision Editing
Author: Sam

15. Expert Emergency And Cosmetic Dental Care Services For Families And Individuals In St. Louis
Author: Jessica Williams

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: