The Payment Card Industry
The Payment Card Industry (PCI) is the collective body of organisations that are able to offer credit card processing facilities to businesses. Within the PCI there are various types of organisation and companies at different levels to ensure that the industry works for the end customer. The industry is regulated by the card schemes like Visa and Mastercard that are major international payment card brands. Together, the card schemes have formed a Security Standards Council, and it is this council that regulates the security levels and compliance within the industry.
When you join Retail Merchant Services you become part of a wider family of businesses, that together, are part of the Payment Card Industry.
Members of the Payment Card Industry include:
Merchants
Undoubtedly these are the most important associate members of the industry. Merchants are organisations and people like you, they are the lifeblood of the payment industry, merchants run their own businesses and accept payments by credit card or debit card. Becoming a merchant with Retail Merchant Services is easier than you think, we supply brand new, world-class credit card terminals together with a combined merchant account and range of money-saving member benefits.
Independent Sales Organisations (ISOs)
Here's where we fit in. Retail Merchant Services is an independent sales organisation in the Payment Card Industry. Retail Merchant Services was formed because the tired and uncompetative banking industry could not provide the low costs or world-class service that we understood that independent businesses and retailers needed. We listened to feedback from customers and developed a completely unique package that really meets and exceeds the needs of small and medium-sized businesses.
Retail Merchant Services has built a low cost package that includes; an international merchant account, a super-fast but flexible credit card terminal of your choice, dedicated UK telephone support and a range of money-saving business benefits such as prefrential business bank accounts, legal advice and support, tax & VAT investigation insurance, discounted business insurance, discounted telephone services and much more!
The one thing we learned from the mistakes of the banking industry was never to take our customers for granted. When you join Retail Merchant Services you will discover some of the lowest UK card processing rates combined with a world-class support service. Our members are the centre of our world, which is why constantly seek to increase our range of benefits and technology.
Card Acquirers
The financial services industry makes up the world-wide card acquirers, these are the organisations that have the ability and licences to actually receive credit card transactions and to then distribute it to a nominated merchant account. It is important to note that although acquirers may offer merchant services directly to the end user the cost can be substantially higher than when using the services of an Independent Sales Organisation (ISO) due to the high combined buying power that an ISO achieves thorugh a large customer-base quite often they can dramatically reduce the cost of accepting credit cards.
Retail Merchant Services has slashed the cost of accepting credit cards in the UK through our special partnership with Elavon, an internationally renowned card acquirer. With thousands of members already signed-up and hundreds more joining every month we have negotiated some of the very lowest card processing rates available in the UK. Our members may be indepdent retailers and businesses but they can access similar card processing rates to the major supermarkets and corporate giants.
Card Schemes
Certainly the major brands of the industry, Visa and Mastercard are just two of the worldwide cardschemes that you are probably already familiar with. The card schemes effectively control and regulate the Payment Card Industry. Continuing to improve the security of card transactions and ensuring that the integrity of payment cards is not compromised is the overall remit of the card schemes. You should never need to contact the card schemes as our team arrange everything for you from start to finish, we even ensure you have the right point of sale logos and window stickers displaying the card scheme logos.
Members of the Payment Card Industry include:
Merchants
Undoubtedly these are the most important associate members of the industry. Merchants are organisations and people like you, they are the lifeblood of the payment industry, merchants run their own businesses and accept payments by credit card or debit card. Becoming a merchant with Retail Merchant Services is easier than you think, we supply brand new, world-class credit card terminals together with a combined merchant account and range of money-saving member benefits.
Independent Sales Organisations (ISOs)
Here's where we fit in. Retail Merchant Services is an independent sales organisation in the Payment Card Industry. Retail Merchant Services was formed because the tired and uncompetative banking industry could not provide the low costs or world-class service that we understood that independent businesses and retailers needed. We listened to feedback from customers and developed a completely unique package that really meets and exceeds the needs of small and medium-sized businesses.
Retail Merchant Services has built a low cost package that includes; an international merchant account, a super-fast but flexible credit card terminal of your choice, dedicated UK telephone support and a range of money-saving business benefits such as prefrential business bank accounts, legal advice and support, tax & VAT investigation insurance, discounted business insurance, discounted telephone services and much more!
The one thing we learned from the mistakes of the banking industry was never to take our customers for granted. When you join Retail Merchant Services you will discover some of the lowest UK card processing rates combined with a world-class support service. Our members are the centre of our world, which is why constantly seek to increase our range of benefits and technology.
Card Acquirers
The financial services industry makes up the world-wide card acquirers, these are the organisations that have the ability and licences to actually receive credit card transactions and to then distribute it to a nominated merchant account. It is important to note that although acquirers may offer merchant services directly to the end user the cost can be substantially higher than when using the services of an Independent Sales Organisation (ISO) due to the high combined buying power that an ISO achieves thorugh a large customer-base quite often they can dramatically reduce the cost of accepting credit cards.
Retail Merchant Services has slashed the cost of accepting credit cards in the UK through our special partnership with Elavon, an internationally renowned card acquirer. With thousands of members already signed-up and hundreds more joining every month we have negotiated some of the very lowest card processing rates available in the UK. Our members may be indepdent retailers and businesses but they can access similar card processing rates to the major supermarkets and corporate giants.
Card Schemes
Certainly the major brands of the industry, Visa and Mastercard are just two of the worldwide cardschemes that you are probably already familiar with. The card schemes effectively control and regulate the Payment Card Industry. Continuing to improve the security of card transactions and ensuring that the integrity of payment cards is not compromised is the overall remit of the card schemes. You should never need to contact the card schemes as our team arrange everything for you from start to finish, we even ensure you have the right point of sale logos and window stickers displaying the card scheme logos.
