Cost saving

Card processing fees certainly had their ups and downs in 2015 and we had expected 2016 to be relatively quiet. Not so.

Most new businesses still go to their high street bank for card processing services without realising this is the most expensive place to go and that the exact same product is available elsewhere at a fraction of the price. Here’s a … Continued

Terminal hire agreements are the most contentious issue for merchants judging by the complaints and calls for help we get.

Interchange Plus pricing or Blended pricing ?  These are the 2 options for card acquirers when setting the basis of customers’ pricing.  Is there a material difference? Does it matter to card accepting businesses or is it all just industry “technobabble” … Continued

Merchant reaction, from those we’ve spoken with, to the WorldPay fee increases on Visa debit seems to be one of “outrage” as their costs have increased by significantly more than the interchange increases.  It seems the first of the fee increase … Continued

WorldPay has recently informed their customers of their latest merchant services price increases.  In a letter/email (click here) they advise customers that the “majority will see an increase in their costs of accepting Visa debit cards”.  WorldPay is the largest merchant services … Continued

2015 is set to be the most volatile year to date for card processing fees, the year that the EU cap on interchange fee takes affect in the UK.

There is now an emerging plethora of payment methods that businesses need to consider.  Its no longer a question of offering your customers cash, cheque or card and as mobile payments gain traction the options are only going to increase. … Continued

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