Your ability to accept a variety of payment types from your customers is key to your business’ success. Merchant accounts with Sage can help you process credit and debit transactions quickly, easily and safely.
What is a merchant account?
A merchant account is set up when a business wants to accept non-cash payments from its customers. Your merchant account services provider will hold funds from your sales in this account before releasing them to your business bank account. If there are any refunds or reversals associated with a transaction, your payment service provider will deduct these from your merchant account before transferring the balance.
Why do I need a merchant account?
As the world becomes increasingly cashless, offering your customers an alternative to cash or check is paramount. Some benefits of opening a merchant account are:
- Improved cashflow management
- Ability to accept recurring payments for services provided on a regular basis
- Increased sales
- Avoid potential losses from bounced checks
- Greater customer convenience and satisfaction
Why Sage for merchant account services?
As a payments partner to businesses of all sizes, we understand the importance of keeping funds flowing smoothly. With our merchant account services, you can enjoy:
- Easy account set up
- Faster payments
- Added security for you and your customers
- Competitive rates
- Detailed reporting
To set up your merchant account you'll need to complete an application. To save time, have your business’ key information ready:
- Bank account and routing numbers
- Tax ID (EIN)
- Processing volumes or estimates
- Business start date
- Contact information
- Authorized signer information
Our team of experts is always available to assist you with the application process. If you have any queries, get in touch and we’ll be happy to help.