Process Card (Credit & Debit Cards)
If you want to process card as a business to receive payments by processing credit and debit cards, you have a few good options in the UK market. Firstly, there are several banks in the UK which offer “process card” services. While you are looking for a process credit card merchant service, you should bear in mind the following points:
- You should be able to process all major cards including Visa, Mastercard, Solo, Visa Electron and American Express
- Flexibility to process cards online, by telephone, fax or even mail order
- Ability to process chip & PIN
- Easy to use terminal so you won’t spend ages to explain everything to your new staff
How much debit and credit card processing cost?
Let’s give the HSBC example which is more or less the market level:
Card turnover up to and including £50,000:
- £250 one – off set up charge.
- 2% of every credit card transaction.
- 25p for every debit card transaction.
- 2% of every non-UK debit & credit card transaction.
- No terminal rental for 12 months.*
- No minimum monthly service charge.
- 12 month contract.
Card turnover in excess of £50,000
