Total Processing - Payment Method Definition | Akurateco
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Total processing

Total processing is a Manchester-based fintech platform with a revolutionary approach to the payment sector. It came up with custom payment solutions and quickly evolved into the top provider in the industry. The company behind the project was established in 2015. The enterprise with a team of highly qualified specialists is headquartered in Manchester, GB. The brand offers robust, simple integrations of PCI level 1 compliant enterprise to merchants.

Being free from the constraints of an acquiring bank, the firm offers numerous tailored merchant accounts that meet the demands of different businesses. It urges merchants to explore the options to find the ideal variant for their particular business.

The benefits of a service

The offering of a provider presents tailored solutions at the disposal of merchants to meet their individual needs. The organization helps SMEs (small and medium-sized enterprises) to install different payment options. The experienced specialists consult potential clients on the most suitable payment methods to increase sales and become more competitive. The company offers the assistance of coding specialists and payment engineers to organize the process.

It is worth mentioning such benefits as chargeback prevention and protection against fraudulent activities. Safe processing of bank card transactions is guaranteed to merchants. The company performs pre-checks of consumers’ accounts to make sure there are enough funds on the account prior to the authorization of payment. The company tries to decrease risk by connecting to its payment gateway that features a fraud protection suite for better security.

The cooperation with the bank helps to streamline the procedure of approval to get a priority setup. The merchant just needs one app to see the rates of different banking institutions. Trying to be ahead of others, the processor introduced the lowest rates on merchant services. The company urges merchants to negotiate on a low possible price as they apply for merchant services.

The integration is easily performed. Merchants can accept payments right after the procedure. The developers of the team worked over the plugins for the most popular eCommerce platforms.

A merchant account is needed to acquire payments from clients using bank cards. All funds taken from clients are sent to the merchant’s account and stored there till you transfer funds to the nominated bank account. You are not protected against chargebacks when working via this platform.

How to connect to the service

The business should send an application to get a merchant account. The best terms of the merchant account are achieved due to the partnership with banking partners that offers the most suitable options.

The merchants should pass the verification process as the company sticks to the KYC (Know Your Customer) policy for the safety of its users. The procedure is conducted in compliance with the requirements of the regulatory bodies that try to make all organizations fully verified. So the merchant should send such documents as photo ID (driving license or passport), utility bills to prove the address of the key personality in the business or business bank statements.

The cost of merchant services depends upon many factors including such things as a type of industry. At this, the risk factor is assessed. The company asks to apply to them with a description of your enterprise to get a quote.

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