No contract credit card processing

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Libby James
Merchant Services Expert

Libby James is co-founder, director and an expert in all things merchant services. Libby is the go-to specialist for business with more complex requirements or businesses that are struggling to find a provider that will accept them. Libby is regularly cited in trade, national and international media.

Merchant contracts

Merchant contract lengths vary from provider to provider (both acquirers and banks.) Some business owners require a little more flexibility when it comes to signing merchant acquirer contracts. There are often similar reasons for this, either the company is a start-up firm who worry about how to get out of merchant services contract if the worst were to happen and they close. Alternatively, the business may only require a merchant account for a short period of time e.g. events companies or seasonal businesses.

No contract credit card merchant services

Some banks and acquirers specialise in credit card processing with no fixed contract length. The benefits of this flexibility can be invaluable to businesses. However merchants need to be aware of  payment gateway contract lengths and also rental contracts of card terminals. Although the merchant account may have no fixed period, often card terminals are hired for two to four years.


No contract credit card machines for events

Events and tradeshow merchants often search for card machines with no contracts, not knowing that some providers and banks offer card machine hire for a little as one to two days in length. These credit card processing contracts work with portable PDQ machines, enabling payments to be accepted almost anywhere! Transactions are authorised using GPRS (radio signals) rather than Wi-Fi. Companies will pay a deposit for the machine itself and then return it to the provider after use.


Finding the best no contract merchant services and payment gateways

As a rule of thumb the longer the contract length the cheaper the rates, however when it comes to sourcing a no contract merchant account how do you ensure you are not paying over the odds? If you are looking for a short term merchant account, then ensure that you compare providers like-for-like. Do not compare on rates or terminal costs alone. We’ve put together a guide to help you choose the best merchant account available over a short period of time.

IMPORTANT – some providers with no contract periods charge higher rates, it’s therefore very important you look at all options available to you. To understand the fees associated with merchants accounts click here.

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Libby James

Libby James Co-founded Merchant Advice Service alongside David Bird in 2016. Her finance background, coupled with retail and customer service experience, gave Libby the drive to bring transparency and non-biased advice to the world of merchant services. Having come from the heavily regulated mortgage and insurance industry, Libby found it puzzling that other financial sectors lacked regulation and transparency leaving customers confused and unable to make informed decisions when it came to accepting card payments. This was soon to become Libby’s obsession!

With the help of some of the industry’s best, Libby began to research acquiring banks, complex terminology/regulation, and the problems customers experience within merchant services and payment gateway markets. She spent years on sourcing solutions for complex clients, which previously others were unable to assist with. Libby established relationships with brokers and banks which would soon form the cornerstone of Merchant Advice Service. As a result Libby has been featured in high-profile publications across the web.

Libby is proud to be the entrepreneur’s champion, supporting start-up businesses regularly. Her industry insights can often be found on LinkedIn where she provides free of charge advice and money saving pointers. It’s safe to say she has her finger on the pulse of everything card payments related.

Libby speaks of her experience in founding and running Merchant Advice Service…

‘Merchant Advice Service is one of my greatest achievements to date. We help business owners to overcome card processing issues which can become detrimental to their business. We assist SME’s in finding suitable card payments solutions, helping them create their vision. Each and every day is different, exciting and fore filling. As technology advances I can’t wait to see the way in which the merchant services market advances, and I’m pleased that our business will play a part in educating company owners along the way.’

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