Over the Phone
Via Email
Instantly send a request payment link directly to your customer’s email address. Once your customer receives your email, all they need to do is open, click on the payment request link, pop in their credit card details and payment is made in seconds. No more delays in waiting for payment.
Online
Let your own website take care of all the hard work for you. You can set up a payment gateway on your website via a plugin that will integrate with all the market-leading shopping carts.
Gateway
In simple terms, a payment gateway is a digital version of a physical POS (Point of Sale) card machine. It will allow you to take a payment over the phone, via email or on your website.
A payment gateway is a service that authorizes and processes electronic payments between a merchant and a customer. It acts as a secure intermediary between the customer’s bank or credit card company and the merchant’s bank, enabling transactions to be completed quickly and securely.
When a customer makes a purchase online or in a store using a credit card, the payment gateway encrypts and securely transmits the transaction data to the customer’s bank or credit card company for authorization. Once the transaction is approved, the payment gateway sends the funds to the merchant’s bank account.
Payment gateways typically charge a fee for their services, which can vary depending on factors such as transaction volume, transaction size, and the specific services provided.
There are many different payment gateway providers available, including PayPal, Stripe, Authorize.net, and Square. Businesses can choose the payment gateway provider that best fits their needs based on factors such as pricing, features, and security.
EPOS
EPOS stands for Electronic Point of Sale, and refers to a computerized system used in retail businesses and restaurants to process transactions at the point of sale. EPOS systems typically include hardware components such as a cash register, barcode scanner, and card reader, as well as software that manages inventory, tracks sales data, and generates reports.
EPOS systems have become increasingly popular in recent years due to their ability to streamline transactions and provide detailed data about sales and inventory. They can also help businesses manage pricing, promotions, and customer loyalty programs.
EPOS systems can be customized to meet the specific needs of different types of businesses. For example, a restaurant EPOS system may include features such as table management, menu customization, and order tracking, while a retail EPOS system may include inventory management, employee management, and reporting features.
Cash Advance
A cash advance through your merchant terminal account, also known as a merchant cash advance or MCA, is a type of funding option available to businesses that accept credit card payments through a merchant account. It allows businesses to access cash quickly by borrowing against their future credit card sales.
Here’s how it works: a business applies for a cash advance, and if approved, the funding provider advances a lump sum of cash to the business. The business then pays back the advance, plus a fee or percentage of the advance amount, by allowing the funding provider to automatically deduct a portion of each credit card sale until the advance is paid back in full.
Merchant cash advances can be an attractive option for businesses that need cash quickly and have a high volume of credit card sales, but may not qualify for traditional loans due to poor credit or lack of collateral. However, it’s important to note that merchant cash advances typically come with higher fees and interest rates than traditional loans, and may not be a sustainable long-term funding solution for some businesses.