Helping YABA members budgets – securing lower card processing fees to offset
other business costs
In the April newsletter Amarjit Singh Chairman of YABA spoke about consumer price
inflation growing to a high not seen in a generation. Increases in wages, supply chains and
energy costs are putting even more pressure on budgets and profits for business owners.
Whilst we’ve started to see card processing companies increase prices over recent
months, this is driven to some extent by increasing margins and not a shortage of supply
as we’ve seen with energy and other supplies.
As a result, there are still many good card processing deals available for customers. Our
understanding of the market means we can quickly review and recommend the solution
that’s right for your business needs.
The Payment Systems Regulator (PSR) has identified a lack of transparency around prices
as detailed in their 2021 report, something we had already highlighted in our 2019 Blog
with many acquirers and terminal providers issuing contracts that deter businesses from
switching providers.
As the UK’s largest independent payments broker, based here in Yorkshire, we work with
the whole market and have helped customers navigate the complexities of switching
acquirers, saving businesses users £28.6m in unwarranted fees and charges since 2005.
To make sure YABA members are on the best rates and terms for your business get in
touch our team of consultants will be happy to compare the market free of charge for you.
Please email info@acceptcards.co.uk or call us on 01422 372 818 for a chat.
Recent Comments