The merchant account of a retailer is designed to accept payments made by customers using bank cards through pos-terminals. The merchant account of the retailer has the fastest available processing speed for bank cards, as there is a minor risk of fraud with these payments.
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To qualify for a merchant account, a retailer must plan to conduct at least 80% of their transactions through pos-terminals for bank cards.
Merchant retailer account is the most common type of merchant account used. Most companies that sell products to their customers face-to-face use a merchant retailer account. As long as you plan to transfer 80% of your transactions through a credit card terminal, your business will be eligible to open a retailer account.
Many retailer merchant accounts can be fully set up in 24 hours or fewer. We are confident that we can meet your machining needs with the lowest hardware prices and the best customer service in the industry.
Apply today at Wellcoinpay, create a merchant retailer account and take advantage of our company’s credit card processing!
Why Choose Wellcoinpay?
Wellcoinpay, headquartered in London, offers personalized and affordable merchant account services for all sizes and types of businesses.
Wellcoinpay builds strong relationships with our merchants and banking partners for long term success.
Benefits of a Wellcoinpay merchant account
- High speed of payment processing. Thanks to the perfect software and computing power, the time of one transaction does not exceed a few seconds.
- High security and confidentiality of operations. We use modern encryption methods to protect payments from hacking and theft of our customers’ confidential data.
- Ease of implementation and subsequent maintenance. You just need to make a request and our specialists will quickly set up everything and promptly eliminate any technical problems.
- Round-the-clock work (24/7). Your merchant account will process transactions 24/7.
- Savings on cash collection services. Since the merchant account of the retailer eliminates the use of cash, it means that there is no need to collect it.
- Acceleration of trading operations. Making payments with a bank card through a pos-terminal, on average, is much faster than accepting cash, recounting it, and giving change.
- No risk of accepting counterfeit banknotes. There is no cash, which means there is no risk of accepting a counterfeit banknote for your goods, of which there are a lot in our time. After all, accepting counterfeit money is a minimum of incurring a loss, since they will not be accepted at the bank. Plus litigation with law enforcement agencies.
We are one of the best providers of retail merchant accounts for small businesses in the UK and other European countries including: Russia, Germany, France, Italy, Spain, Ukraine, Poland, Romania, Netherlands, Belgium, Greece, Sweden, Austria, Switzerland, Norway, Ireland and other countries.