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Merchant Services

What does it really cost to take a card payment?

The rate on your agreement is only one line on the bill. A review puts transaction fees, terminal rental and settlement terms side by side, so you can see what you’re paying for the way you trade.

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Working copy

Merchant statement

Processing fee
Per sale
Terminal rental
Monthly
Settlement
Payout terms
Illustrative example

What the review covers

01

The full monthly cost

Look at your mix of transactions alongside fixed fees and terminal rental.

02

The checkout setup

Check whether your terminals, till integration and online payments suit the way customers pay.

03

The small print

Identify payout timings, contract end dates and any separate terminal agreement.

One statement is a useful place to start.

A dealership may take a deposit online and a workshop payment at the desk. A venue may take bookings in advance and bar payments on the day. Compare one payment channel at a time so differences in payout timing do not get mistaken for fees. Whether customers tap at a counter, pay at the table or check out online, the question is the same: does your payment setup still fit? If you’d like a call, you can mention a charge or payout delay you want to discuss.

Questions & answers

Can I enquire if I only take payments online?

Yes. The review can focus on online processing fees and payout arrangements without looking at terminals.

Do you need card or bank details?

No. Don’t send card numbers, bank details or customer transaction records through this form.

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