It’s been a long time coming but the government is finally (after being pushed by the EU) cracking down on credit and debit card surcharges.
All businesses need some sort of payment processing system to allow them to accept payments from their customers. For the most part, that means a card terminal to accept debt and credit card payments.
We dig into iZettle’s pricing in more detail and see how performs in the mPOS market.
In this blog, I’ll look the legislation surrounding surcharging and discuss whether merchants can levy debit card surcharges under the new rules.
What is iZettle and is it right for my business? I discuss what sorts of businesses will get the most out of the service.
We’ve partnered up with iZettle, one of Europe’s leading fintech companies, to bring you the iZettle card Reader for just £25 + VAT!
WorldPay, the UK’s largest merchant acquirer announced its 2016 results yesterday. Group revenue and profit across all its businesses (UK, US and ecom) was up 15% on 2015 which is great for shareholders. But what can we learn about WorldPay’s UK business and how management is growing it ? Are they adding value by new products and attracting more customers or are they just hiking prices ?
So, can you legally surcharge your customers? Yes, but you must charge no more than the cost of actually processing the payment.
Earlier this year, we conducted a small survey of UK business owners, asking them whether they knew how much they paid in payment processing fees.
Another January and yet another card processing fee increase from the acquirers. Why this time? Simply put, because their card scheme fees are going up.