Your Merchant Payment Account securely holds funds belonging to your business operations and makes online payments easy.
A merchant account is a type of bank account that allows you as a business to accept and process payments from customers. It acts as an intermediary between the customer’s bank account and your bank account, facilitating the transfer of funds.
A merchant account is an essential component for businesses looking to accept credit, debit card and online payments. By establishing a merchant account, you gain the ability to securely process and manage these transactions, allowing you to smoothly run your business operations while offering convenient payment options to your customers.
Your dedicated web portal allows you to manage funds and view your balance. If you’re an existing Trust Payments customer based in the UK or EU, you benefit from a simplified sign-up process and an expedited onboarding process. All necessary due diligence has already been completed back when you first joined us.
Manage your account and view your balance, transaction history and receipts using our dedicated web portal.
Send and receive payments – UK Faster Payments, BACS, CHAPS and SEPA Credit Transfers.
Download statements and transaction histories from our suite of reporting tools.
Access to your portal is protected by Two-Factor Authentication.
With Merchant Payment Account, you can rely on Trust Payments as a single point of contact for any queries regarding your online transactions. By simplifying administration and support in this way, you have more time to focus on growing your business
UK
TrustUK Payments Ltd (Company Registration Number: 12283499) is a distributor of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 – for more information please see this document.
EU
Trust Payments (Malta) Ltd. (Company Registration Number: C56013) is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act (Wet op het Financieel Toezicht, Wft) – for more information please see this document.
For full terms and conditions of this product, click here.
A merchant payment refers to a transaction made by a customer to a merchant in exchange for goods or services.
To make a merchant payment, customers can use various payment methods such as credit cards, debit cards, mobile wallets, and electronic fund transfers.
A merchant service is a financial service provided to businesses that enables them to accept and process payments from customers. It includes payment processing, handling of transactions, and various other services related to accepting payments from customers.
To qualify for a merchant account, businesses need to meet certain criteria set by the payment processor or acquiring bank. This typically includes having a legal business entity, a good credit history, and being in compliance with industry regulations.
Merchant account fees are charges imposed by payment processors, banks, or other financial institutions for providing merchant services. These fees may include transaction fees, monthly fees, statement fees, chargeback fees, and equipment fees, among others.
The main difference between a merchant account and a bank account is their purpose. A bank account is used for general banking activities such as storing money, making withdrawals and deposits, and managing finances. On the other hand, a merchant account is specifically designed to handle payment transactions and process payments from customers.
Online merchant payment refers to the process of making a payment to an online merchant for goods or services purchased through the internet. It involves using electronic methods of payment, such as credit cards, debit cards, or online payment platforms to complete the transaction.
Learn more about Trust Payments by speaking to one of our expert consultants. Complete this form and we'll be in touch.
Security is our top priority at Trust Payments and we strive to ensure that all data is kept secure at all times We keep all customer data safe with AES256 encryption, SSL Certificates, and a minimum of TLS1.2, between your website and our datacentres.
Our systems are scanned quarterly using the Qualys PCI Platform, an independent Qualified Security Assessor (QSA) and approved vendors – Omnicybersecurity (UK) & Forgenix (US) – to ensure compliance with the security requirements of the card schemes.
We follow a number of rigorous security procedures on a daily basis including, but not limited to, continuous monitoring of our perimeter, dark web monitoring, and internal checks to ensure that CIA triad is maintained at all times.
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