Cashless Societies: Turn Rapid Changes into Opportunities
Cash is king, or so the saying goes, however, it seems like a royal coup in the form of a cashless society is taking place. The rise of the cashless society has been on the cards for some time, quite literally. Debit and Credit card payments have experienced a considerable boost precipitated by the pandemic, […]
How To Reduce Financial Risk For Your Business
It’s important for businesses to ensure they understand financial risk and all the potential merchant fees that could be unnecessarily eating away profits. A common complication is that most of these fees can be considered convoluted, simply veiled as beneficial to the merchant with no specification. We’ve developed some important insights into the most common […]
Understanding Your Customer’s Payment Security
As a business, you’re likely to engage with the world of payment security fleetingly. Managing your PCI Compliance may be the closest you come as a merchant to looking at payment security. Many of the systems protecting businesses and customers are so seamless that they require little thought. However, understanding payment security is increasingly important if […]
Contactless Payments Explained: A Look into NFC
There is no beating around the bush, convenience is king when it comes to payments. Currently, contactless payments are set to reach $2.5 trillion in 2021; a noticeable mark-up from $1.7 trillion in 2020. If you are currently a merchant using contactless NFC terminals, then you need to become more comfortable around this technology if any issues occur. We’ve […]
What You Need To Know About Chargebacks, And How They Affect Your Business
What is a chargeback? In simple terms, a chargeback is a reversal of a card transaction – a refund. However, a chargeback is different from a refund in one crucial way. A refund represents a dialogue between the consumer and the merchant, whereby the consumer asks the merchant for their money back; a chargeback is […]
The Top 4 Benefits Of Having A Dedicated Merchant Account Manager
At Bespoke Merchant Solutions we aim to provide each one of our customers with a personalised service. The main way we achieve this is through the allocation of a dedicated Account Manager to each of our clients. Unlike other companies, BMS can guarantee an acute knowledge of your business needs precisely because your Account Manager […]
The PAX A920 Card Machine: Your Business, Our Technology
The PAX A920 represents a watershed moment in the Fintech industry. The shift towards a cashless society and the pre-eminence of the card machine has been well documented. The dramatic shift towards card payments has not gone unnoticed. Card machine companies have worked tirelessly to match this dramatic increase in card payments and met this shift in […]
PCI Compliance: How Much Do You Know?
What is PCI Compliance? Every year businesses up and down the country receive an Amazonian size booklet through their door. This booklet is filled to the brim with jargon that can’t be explained with a quick Google search. And once one gets past the dizziness of words, they are bombarded with questions. These questions are […]
Minimum Monthly Charges: A Lurking Menace Punishing SMEs
Merchant service statements are often a jumble of disjointed jargon. There are many words on a bill that business owners might not understand. Transaction charges, safer payments, minimum monthly charges. The latter of these charges, the minimum monthly charge, is the most damaging. It has been particularly menacing throughout the pandemic. So, what is a […]
Could Pay-As-You-Go Card Machines Be Costing You More Money?
Card machines come in all manner of shapes and sizes; ecommerce, handheld, countertop, remote, pay-as-you-go. They are all so unique. The latter of these devices, the pay-as-you-go machine, has seen an increase in usage over the last 12 months. It’s not hard to see why this type of card machine has taken off. Customers of […]
