I was introduced to a business owner selling carpets. He told me that over the Christmas period he lost 20 sales because he did not take cards – I told him that in this case NOT having Chip & PIN was very expensive!
It’s a common misconception that accepting payment by card is expensive.
Losing business because you do NOT take cards is even more expensive!
Many people rarely consider the cost of accepting payment by cash or cheque payments, which based on standard business banking rates published in June 2013 can be nearly 3 times more than the deal offered to you by Mr UK Chip & PIN
To take a debit card payment with UK Chip & PIN can cost as little as 0.027% or 12 pence based on Average Debit card Transaction (£43.00) UK Card Association
About Cornel Sampson
Helping UK Businesses MAKE MONEY and SAVE MONEY on rates they pay to the bank for taking payments by Debit/Credit Cards
Helping Retailers and service providers to take payments by debit/credit cards face to face or online – Saving up-to 40% in Fees & Charges
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