5 Reasons Why Your Business Needs A Card Machine
In this day and age, it is essential for businesses to have a card payment option. If you don’t, you could be losing out on customers! Furthermore, if you have a card machine but it’s outdated, your business is not reaching its full potential. How can a business thrive in the digital age if it’s […]
Why Local Businesses Are Important
Local businesses have suffered some of their most challenging years in recent memory. The pandemic had a profound impact on local Small and Medium-sized Enterprises (SMEs). GDP was 10% lower in 2020 than in 2019, the most significant annual fall in the last 300 years. That’s why we are doing what we can to help […]
Can Business Growth Lead To Increased Security Risk?
Business growth can inadvertently lead to increased security risk. As a business expands, it often handles a larger volume of transactions, collects more customer data, and integrates additional systems and technologies. This growth can create more entry points for cyberattacks and increase the complexity of managing security across the organisation. Additionally, rapid expansion can sometimes […]
PCI Compliance: What You Need To Know
What is PCI Compliance? The Payment Card Industry Data Security Standard (PCI DSS), introduced in 2006, is a set of requirements that ensure that all companies that process, store, and transmit credit card information maintain a secure environment. Each year, businesses across the UK are required to complete the PCI DSS questionnaire, a key component […]
How to Create an Inclusive POS System for Visually Impaired Customers
At Bespoke Merchant Solutions, we believe in inclusive POS systems and creating a seamless experience for all customers. We’ve developed this guide for all retailer businesses to use and implement. As the return of in-store shopping has emerged due to the relaxation of COVID-19 restrictions in the UK, it’s especially important for merchants to be […]
Everything You Need to Know About Interchange Fees
What are Interchange Fees? Interchange fees are what credit card issuers (Visa, Mastercard, American Express) charge for processing cards. The fees are paid to the card-issuing bank to cover handling costs, fraud and bad debt costs involved in approving a payment. When a merchant takes card transactions, the merchant’s bank will charge a percentage-based […]
Tap into the Power of Virtual Terminals
1. Understanding the expanding options for online payments The diversity of payments encourages consistent customer relationship building, placing accessibility above all. While a hardware POS system can streamline the in-store experience, it is currently understood that we cannot completely predict the current pandemic climate for businesses. The solution to this is utilising the mobility of […]
Next Day Funding: A Powerful Tool in the Merchant’s Arsenal
Picture the following scenario: a hospitality and catering merchant anticipates a busy end of the week, typical of their usual business schedule. They’ve achieved a successful revenue stream that has an increased profit margin. The issue this merchant encounters is that they may not receive an increased profit margin into their account until the funds […]
Reaching Scalability Efficiently: The SME Guide
Expectations for SMEs Walking Into 2022 SMEs ultimately want scalability and success within their respective market, but there is more to consider than a simple upwards trajectory. Within over-saturated markets, businesses can find themselves stumbling in the first hurdle of attempted growth. It becomes imperative that merchants maintain a competitive edge within their industry, an […]
Understanding E-wallets for Seamless Transactions
With China being the pinnacle of E-wallets and Jeff Bezos releasing Amazon-go (which is a ‘walk out’ shop), the rest of the world is slowly but surely following their footsteps toward a ‘wallet-less ‘society. Europe is a predominant location adapting to this change. The primary forms of digital wallets (or E-wallet) you have most likely […]
