To start accepting card payments you will require an account with an acquiring bank who will provide you with a MID (Merchant ID).
The MID provides the link between transactions processed from credit/debit cards and your business bank account.
For providing this service the acquiring bank charges an agreed percentage fee, based on the value of the transaction and annual card turnover.
Adflex has agreements in place with many UK and international acquirers, which allows us to offer preferential pricing to our customers who require a MID.
We are also able to offer a free ‘health check’ to customers who already have a MID but may wish to confirm that their pricing remains competitive.
We can provide competitive wholesale merchant service charge rates to Adflex customers, significantly reducing your card acceptance costs.
We also have an agreed ‘Fast Track’ sign up service, which means you can get your MID quickly.
If you are switching from one provider to another, we will ensure that there is no interruption of service as you migrate across.
For more information, please contact our merchant service team.