Client is with Bank of Scotland and can take manual credit card payments via Paypoint.
Is it not worth the hassle of searching around - should I just get whatever BOS have to offer?
They took about £30k last year through Paypoint and paid about £1500 in fees.
Lizcat
Thu 28-Apr-11 17:46:53
We bank with Natwest and use HSBC for chip and pin as Natwest couldn't get anywhere close to them in charges. It is very worthwhile shopping around. We took around £400K last year and paid around £2500 total in fees so I would say they are massively over paying an we have three terminals so three sets of fees. I would be looking for less than 20p per transaction on debit cards and 1.2% on credit cards with that kind of turnover.
topsi
Sat 30-Apr-11 17:17:51
any one else have any advice here. I am also interested in what others pay.
Term
Thu 19-Jan-12 17:06:13
I know this is a very late response and you would have been sorted by now but I would say shop around and you will get the POS at very preferential rate. For eg- Card Cutters Ltd, www.card-cutters.co.uk try them, no hidden charges and set up fee and very very cheap and very good service and support. Switching to them is not even a hassle.
