If you haven’t heard of Retail Merchant Services (RMS), their name should be pretty self-explanatory. The Milton Keynes-based payments service provider supplies small and medium sized businesses with affordable card payment solutions. Founded in 2007, it has already signed up … Continued
Should You Set a Minimum Amount for Card Payments? As a customer, the minimum card payment amount can put you off, making a purchase entirely. Say you don’t carry cash. You want to buy a £2 coffee, and there’s a … Continued
Where would we be without Direct Debit? From rent and council tax to Netflix and Spotify, Direct Debit is a lifesaver. It ensures that we don’t forget to pay a bill, and makes for a more comfortable financial life. As … Continued
Pretty much every time we make a payment online, we’re doing so thanks to a virtual terminal. For many of us, most of our shopping is now done online – it beats queuing up in John Lewis at Christmas time! … Continued
It can be hard to tell who you’re actually dealing with when you sign up for a merchant account. The illusion of ‘independence’ is often used to make customers feel more exclusive, and better looked after. Take BrainTree for instance. … Continued
The way we pay for goods and services has changed dramatically over the last few decades. Good old fashioned cash is rapidly approaching death’s door in the UK. Those old £1 coins hidden down the side of the couch are … Continued
It’s fairly obvious why small merchants aren’t getting the best deals for their payment processing services. Bigger companies (obviously) make more money, and as such, they tend to get offered better rates and lower fees from their card payment solutions … Continued
In 2019 there will be the first significant changes in interchange fees since the EU’s 2015 intervention to cut consumer credit and debit fees. Some of these changes will be beneficial for merchants, some not. The first of these is … Continued
In 2015, Laura launched her new business: a bespoke wedding invitation design studio. It was her first business and everything proved a steep learning curve. Early on, she bought a mobile point of sale device (also called a card reader) … Continued
Last month the Payment Systems Regulator launched a review of the UK card acquiring market in order to assess whether it’s working well for merchants.
