Are you due a ‘Payments MOT’?
We take a closer look at how the latest changes to credit and debit card charges are affecting car garages in the UK. The process of simply getting paid and ensuring you are able to do so in the most beneficial and flexible way possible is not always easy. The...
‘Paytech’ is on the rise… It’s all about convenience
ou could be forgiven for not noticing the increasing popularity of card payments - if you’ve spent the last 10 years living in a cave! The latest statistics from the UK Cards Association show that the use of credit and debit cards in the UK has more than doubled in...
One in four UK card payments now contactless
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...
Taking a wider choice of payments from non UK customers
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...
Debit Card Processing Fees have changed
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...
Pricing methods used for merchant services
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...
5 Questions to Consider When Choosing Your Card Payment Facility
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...
Important changes to the cost of accepting credit cards – It’s Good News!
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...
