33% of business owners unaware how much they pay for card processing
Posted on in Business News , Cycles News , Creative News, Outdoor News
Earlier this year online blog Cardswitcher conducted a survey of UK business owners, asking them whether they were aware of how much they paid in payment processing fees.
According to the results, just two-thirds of business owners (66%) were aware of exactly what they are paying.
Cardswitcher commented on the findings "the trouble with payment processing fees is that they're unavoidable. You have to pay them - they're like business rates or VAT - so business owners tend not to think about whether they're getting the best deal. They just pick a provider and pay their fees.
"However, even if two-thirds of businesses are on top of their payment processing, that leaves hundreds of thousands of UK-based businesses that are unaware of what they're paying. And all of those businesses could potentially save thousands of pounds by switching."
Over the past few years not only has the importance of being able to accept card payments risen but the services and solutions offered by different card processing providers have also changed.
To ensure ActSmart can provide the best solution for all business we have two card processing partners for established businesses with medium to high card turnover and for new and smaller businesses with lower card volumes.
Find out more here.