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Follow on Google News | Merchant Account for MOT GaragesIt takes around one to four weeks to open a merchant account, depending how quickly you provide all the required information.
By: MaxPayNow Ltd The actual transfer of funds to the merchant facility is known as settlement. At the end of each day, the merchant will generally review the days sales, credits and voids. After verifying this, the merchant will close his batch on the point of sale terminal. This entails closing out the days sales and transmitting the information for deposit into their bank account. (On some terminals and gateways this might be programmed to happen automatically) A business needs to decide what method they are going to implement in taking card payments, whether it be face to face - credit card machine, over the telephone - MOTO account, or through their website - e-commerce merchant account. Our staff will go over the different options with you to decide which solution will fit your business model & industry best. We also offer an overdraft facility up to £10,000 & a merchant cash advance (small business loan) up to £100,000 for those businesses who have a pdq machine in place. This is ideal for hairdressers, mot garages, restaurants, etc. Contact us on 0161 928 2287 or visit our website address at: http://www.maxpaynow.com/ End
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