Merchant Account for MOT Garages

ALTRINCHAM, U.K. - March 20, 2013 - PRLog -- Once you have setup your company the first step to accepting credit/debit card payments is to setup a merchant account. Merchant accounts enables businesses to process credit & debit card payments from their customers. It’s a special account tied to a credit card processor that works with your customer's bank to help route payments into your bank account. Whether you need a normal merchant account or an high risk merchant account MaxPayNow can help. It takes around one to four weeks to open a merchant account, depending how quickly you provide all the required information. Each business is considered on a risk basis and the terms that are offered will reflect the risk involved in supplying your business with a merchant account. At the time of opening a Merchant account you will be asked of giving your business backgrounds & history & it is also very necessary that you should give the exact & proper details to speed the process up.

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). The acquiring bank routes the transaction through the appropriate settlement system against the appropriate card-issuing bank.

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/page/merchantaccount.aspx