A typical credit card transaction costs an SME business 81.5p to process and 14p for a debit card. How is this fee split between the card schemes, the card processor and the banks issuing the cards ? Who takes the … Continued
Where did your business go for its card processing facilities ? If you’ve been taking cards for years and never switched then its odds on you went to your own bank. Nowadays, savvy business owners are shunning the high street … Continued
Global Payments customers will have received a letter in July outlining the latest rate increases that will hit them as of 1 October. These latest increases will see the amount of Visa and Mastercard scheme fees passed onto customers increase by … Continued
HSBC’s merchant account statement is undoubtedly the most complex of all UK merchant account statements. So, if you understand this one, the rest are easy!
Your monthly merchant account statement tells you how much cards you have accepted, what kind of cards and how much your merchant acquirer is charging. But do you really understand the total cost of each transaction and the “extras” that come with a merchant account?
Provide a few quick facts about your business & asee how much you could save
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