Many people assume that as long as they have a card reader terminal and an internet connection, they can process card payments from customers and have them sent straight to their business bank account. But, unfortunately, things aren’t quite this simple. If you want to process card payments for your business, you will need a…
The Payment Card Industry Security Standards Council sets the security standards that any merchant accepting credit or debit card payments needs to adhere to. Bank cards are linked to accounts that can contain the entirety of the holder’s wealth, making robust security essential for consumer trust. The PCI SSC standards ensure that consumers can trust…
What is a merchant account? A merchant account is provided by an acquiring Bank which allows money taken through your card machine to be transferred straight into your business bank account. At MultiPay, we transfer the funds received from your customer to your business bank account next day, which is faster than the average 3…
Author: By David Maisey, CEO at MultiPay Global Solutions It has been an unprecedented 12 months for the hospitality sector. Except for the ‘Eat Out to Help Out’ scheme, there have been few glimmers of hope for the embattled industry. In fact, the sector has experienced over eight months of closure, costing more than 600,000…
