17 Jan 2017
A quarter of all card transactions are now contactless payments, new figures from The UK Cards Association show.
23 Nov 2016
Payments are a key driver of success in international expansion - are you maximising this opportunity?
International sales represent a significant growth opportunity for most online merchants and the advent of e-commerce has created an ever expanding market where consumers anywhere in the World can buy online from merchants, and easier than it’s ever been.
20 Oct 2016
It’s likely you’ll have received at least a communication from your merchant services provider advising you of changes to the cost of processing your card payments.
Whether you’ve been dealt a winning or losing hand by your merchant services provider will depend on a number of factors, the main ones being the average transaction value (ATV), method of card acceptance and the percentage of consumer cards you process versus business cards.
Pricing methods used for merchant services - How businesses can make the most of recent changes in EU regulation?
14 Sep 2016
The cost of accepting card payments, commonly known as Merchant Services, saw significant regulatory changes in 2015/2016 and were designed to increase transparency of fees charged to merchants and lead to lower costs at the Point of Sale for consumers.
This has not necessarily happened as most card processors have taken it as an opportunity to increase margins as a result of the reduction in interchange fees they pay to MasterCard & Visa. These fees are hidden within blended rates which are the most common method of pricing by the processors (Barclaycard, Worldpay etc).
17 Aug 2016
If you need to take card payments in today’s dynamic and fast moving world there are many options available from a wide range of providers.
Visa and MasterCard manage the majority of the credit and debit card network and your relationship with them will be via a card processor. All the main UK banks have either their own card processing business or a relationship with a third party processor. With a significant amount of income to be made in processing card payments it’s not surprising that when you open a business bank account, or request details on setting up a card payment facility, your bank will recommend their own service. The key here is that you are free to use any processor, no matter where you bank.
There are also dozens of sales companies that trade under a variety of card payment names and sell under licence from the card processors, with most employing commission-only sales staff. If you’re in a High Street location, you’re likely to have had a number of them call in already!
To prepare for this complex marketplace, here are five questions to ask to make sure you’re getting the best deal for your business.
01 Jun 2016
With reductions of up to 50% available in the cost of accepting Visa & MasterCard personal and premium credit cards, you could be saving over £400 for every £100,000 of personal credit cards you accept as payment from your customers. Depending on your current charges this could be significantly higher, particularly if you’re being charged a much higher rate for premium personal cards and Visa business debit cards, which can often be the case.
18 Mar 2015
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.
03 Sep 2014
Metro Bank, the bank for entrepreneurs, is today announcing a new partnership with card payment specialist, acceptcards®, a division of UPG plc.
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acceptcards were recommended to me by two separate clients. From the initial phone call all staff were so supportive, knowledgeable and really went that extra mile for us during times of pre launch mania of the George Northwood salon. acceptcards found us the perfect partners at competitive rates and have continued to give us the best standard of customer service and support....
Melanie Joslin, George Northwood Salon