At Bespoke Merchant Solutions, we understand it can be difficult...
Discover more
At Bespoke Merchant Solutions, we understand it can be difficult...
In the ever-changing landscape of small to medium-sized businesses (SMEs),...
We understand the challenges that come with the influx of...
In 2021, 90% of card transactions were contactless payments. Apps...
We are excited to announce that BMS is venturing on...
An interchange fee is a percentage that’s sent to the card issuers for the processing of a card transaction. This is very dependent on the type of transaction: think of the difference between a corporate card or commercial card for example. The important aspect of these fees is that they’re non-negotiable, meaning payment processors will often work around these. While demystifying these fees are important for merchants, they’re inescapable as a fee.
Click here to learn more about Interchange Fees.
This has caused friction between large retailers with Visa and Mastercard. Last year, there was an incoming surge of pressure on the card networks through lawsuits – due to the increasingly high fees. It all then boiled over this year, with a highly publicised dispute between Amazon and Visa, with Amazon even threatening to ban all UK Visa credit cards from their platform because they deemed the fees to be to high. The impact this has on the Merchant Service industry cannot be understated, generating a lot of scepticism for the services that can be offered.
Bespoke Merchant Solutions is dedicated to protecting the SME’s of the country from unnecessary expenditure from hurting your business. While we cannot negotiate the interchange fee, we have competitive rates to ensure you’re able to save money where possible. We have a free comparison service to analyse your current Merchant Service bills, including fees that are on top of the interchange.
Fill in the contact form below, or book a consultation for a call at a time that suits you.
At Bespoke Merchant Solutions, we understand it can be difficult to manage multiple card machines, however it is crucial for
In the ever-changing landscape of small to medium-sized businesses (SMEs), staying ahead of the curve is imperative for sustained success.
We understand the challenges that come with the influx of customers during festive periods. Let’s unwrap some tips and tricks