Are you starting a business? Are you confused about how to process credit cards? Then this article is for you. As one of the leading merchant account providers UK , we are going to tell you about the difference between merchant and bank accounts.
What is a merchant account?
It allows you to accept cards and other electronic payments. It acts as an intermediary between the card-issuing bank and you.
What is a business bank account?
It is a repository for all your business funds. It is the account where all credit sales are deposited.
We hope the differences between these two accounts are clear. Still, if you have doubts or want to clarify anything, please do not hesitate to call us directly.
Do you need a merchant account and a business bank account?
If you want to accept all types of electronic payments, you must have both of these accounts. You should choose Utility Umbrella for a secure merchant account UK.
You can go with other providers. However, you may face disadvantages like:
- Higher transaction fees (we offer the lowest transaction rate in the UK.)
- Hidden charges (we are truly transparent.)
- Longer funding times (4-8 days vs we take 1-2 days.)
- Limited customer service (we have 24/7 UK based customer support.)
Yes, you can compare with other providers. We offer an all-in-one merchant service London and take care of payment processing, hardware, security and support all under one roof.
Are you looking to apply for a merchant account?
We can help you accept a high volume of transactions with our advanced credit card solutions. Do you want to learn more about our services? Book a free consultation with our experts.
Please visit our service page to know more about our services. We are looking forward to talking to you.
