UK Businesses Benefit from 90% Savings on Merchant Services

by | May 23, 2019

We are proud to add a new service to our already-comprehensive list of business solutions – we are now offering merchant services at highly competitive rates.

The bottom lines of businesses across the UK can benefit from merchant service solutions that maximise their profitability. Our rates are some of the cheapest in the market – with broadband terminals at £12 a month and a simple-to-understand bill with no hidden costs.

Smarter Business offers customers a model based on Interchange Plus (the common name for a pricing structure for accepting credit card transactions by merchants). This price consists of:

  • The Interchange Fee – the regulated fee given to the card issuer for processing
  • Card Scheme Fees – the Mastercard or VISA fee
  • Acquiring Charges  – the cost of the service

Unlike many other providers, we list these charges separately, giving our customers greater clarity and transparency when compared to the typical blended charging model.

We compared our merchant services costs to those of another provider and found that businesses could save over 90% by using our merchant services solution. We charge no electronic authorisation fee, no PCI compliance charges, a transparent fee and terminal rental costs of only £12 a month.

Smarter Business CEO, Bradley Wingrave says: “Offering merchant services forms part of our ambitious plans to offer a full suite of business services to our customers. We continue to drive the business forward by expanding into other areas of business, including gas and electricity, water services, facilities management, business insurance, waste management, IT solutions and other business-essential services. Through this wide range of services, we continue to identify and implement the best solutions for all our customers. We are extremely proud of our new merchant service solutions and their potential to save our customers even more money.”

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