What is a Standard Merchant Account? Quick Answer: A standard merchant account allows UK businesses in low-risk industries to accept card payments with competitive transaction fees, fast approval, and straightforward setup. Ideal for retail shops, restaurants, service businesses, and professional services. At We Tranxact, we connect UK businesses with payment providers offering standard merchant accounts […]
What’s the Difference Between High-Risk and Standard Merchant Accounts? Quick Answer: High-risk merchant accounts are designed for businesses with elevated chargeback rates, controversial industries, or complex business models. They typically cost more than standard accounts but accept businesses that standard processors decline. Side-by-Side Comparison Feature Standard Merchant Account High-Risk Merchant Account Transaction Fees 0.75% – […]
It is quite important for me to make it known that; I am somewhat new at reviewing merchant service providers (MSPs). Though I am doing well at it now, it took me just a little time to understand the process and even what MPS meant. You may seem overwhelmed with the whole payment processing, but […]
Card Processing/Merchant services are an essential purchase for near enough all businesses and business owners will typically turn to their own bank for these services. Unfortunately for business owners, this is not usually the cheapest way to source payment processing. At first, the difference between deals might seem negligible with just one or two percent in difference […]