325 million purchases were made using contactless debit and credit cards in November 2016, accounting for 25% of all card payments in the month. The rise in contactless payments led to a record £2.9 billion being spent using the technology in November. This is an...

A key hurdle for you though is how to ensure that you get paid, given that customers want to buy and pay in lots of different ways, and with the increase in complexity as you sell into more countries? Did you know, for instance, in many large European economies such...

What has changed? EU legislation has forced Visa & MasterCard to reduce the cost price they can charge your merchant service provider for consumer credit card transactions by 0.5% whilst changing the flat pence charge on debit cards from 8p to 0.2%. This is why...

True transparency can only be achieved with a pricing model that splits out the three elements of the merchant service charge, being the interchange fee payable to the card issuer, the fee charged by Visa & MasterCard as the card schemes and finally the processors...

1. What fees will I be charged aside from the cost of each transaction? Other than the percentage fee for processing the card payment, look out for any ‘additional’ fees. These include annual/monthly account fees and additional fees for non-secure telephone and...

Why are the changes taking place? In 2015 & 2016 EU regulation came into place to align charges for processing card payments in the European Economic Area (EEA). The most significant being on interchange rates across Europe as all EU countries aligned their...

Richard Bradley, Director of acceptcards, explains what the changes should mean for your business and how best to ensure you’re in a position to take maximum advantage. Why are the changes taking place? In anticipation of EU regulation to align charges for processing...