TSB Customers will be given Five per cent cash back on the first £100 of contactless debit card payments made from a Classic Plus account each month.
From September 2015 the upper limit for contactless payments increased to £30.
Across the UK, Contactless spending has risen from £287 million per month in January 2015 to £567 million in June 2015 (Stats from UK Card Association).
In July, TSB processed more than 1.7 million contactless payments which show customers enjoy this simple, convenient and quick payment option.
If you are a business selling a product or service then maybe you should consider adding this payment option to your business process.
If you would like to learn how you can increase the value of sales and retain more customers with contactless payments contact me now.
Processing Rates from 0.27% – No Minimum Monthly Fees – PCI Free for 12 Months (Conditions Apply).