by Jason Costello | Jun 15, 2017 | blog
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...
by Jason Costello | Jan 17, 2017 | blog
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...
by Jason Costello | Nov 23, 2016 | blog
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...
by Jason Costello | Oct 20, 2016 | blog
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...
by Jason Costello | Sep 14, 2016 | blog
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...
by Jason Costello | Jul 17, 2016 | blog
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...
