London Southside Chamber of Commerce

Phone: 020 8677 6719

Wednesday, February 15, 2017

Interchange Fees are Capped by EU Commission

On 9th December 2015, the EU Commission made the important decision of capping the interchange rates at 0.30% and 0.20% for credit and debit card transactions respectively when processing a card payment made by your customer to you.

Interchange rates are the costs paid by the acquirers/processors to the card issuers and are set by Visa/MasterCard. The British Retail Consortium has estimated that this could save British businesses up to £480 million a year.

The big question is, are these savings that your existing processer or bank is making being passed down to you?

Read more>

 

CARD CUTTERS specialise in merchant services & chip and pin machines and they can run a free assessment report to find out if you are over-paying for your current merchant services.

Also, for a limited period only, Card Cutters are offering a 3 Month's card terminal rental absolutely FREE including setup and FREE installation up until 29th February.

See offer>

To find out more please contact Gary Gallagher on 07899 940533 or email directly ggallagher@card-cutters.co.uk

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