Accepting cards online is relatively simple, you just need to put together a few basic building blocks, in addition to the obvious website and a business bank account.
As card processing is not a linear supply, when selecting a supplier we thought it would be useful to understand who the players are and what they do.
You’ve decided on a card processing supplier, now you need to fill in application forms for your merchant account (or internet merchant account and payment gateway), your terminal rental and direct debit mandates.
It matters because interchange is your acquiring bank’s biggest cost and will be passed onto you through your transaction charges, otherwise known as your merchant service charge (“MSC”) . It is payable by
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