Processing rates have fallen massively in the past few years. You should be aiming for under 0.8% on credit cards and 0.35% on debit. Can't help with the actual terminal costs, our payments are all online.
Dull post I'm afraid but I'm looking around for a new deal on my card processing at work.
I've got two machines, mixture of credit and debit. Throughout approx 4-5K per week on one and 2-4K a week on the other.
Currently with Elavon.
Anyone know of any good deals going?
Thanks
Processing rates have fallen massively in the past few years. You should be aiming for under 0.8% on credit cards and 0.35% on debit. Can't help with the actual terminal costs, our payments are all online.
We use Worldpay and got pretty competitive rates for our turnover (got a deal via Federation of Small Business) - could be worth a shot.
Im with Worldpay but was nearly ready to go with elavon. They charge me 4p per transaction and then 0.50% for debit and 0.80 for credit cards. They charge £17.95 per month for the machine and a one off £39 a year for the compliance rubbish.
My bill is normally around £150-200 for our turnover however im trying to get more people to use direct bank payments
It's one of my companies specialist areas, I can happily introduce you to a supplier if you send me a pm.