UK card machine fees explained
UK card machine fees, decoded. What the rate card hides. The headline rate. Watch the full video above, or read the complete timestamped transcript below.
Transcript
[0:00] UK card machine fees, decoded. What the rate card hides.
[0:07] The headline rate. 1.5 to 2 percent for pay-as-you-go. Lower blended rates on monthly contracts. That is just the start.
[0:14] Five hidden charges. PCI monthly compliance fee. Per-transaction authorisation fee. Minimum monthly service charge. Chargeback fee. Terminal rental.
[0:22] Interchange-plus pricing. On contract plans, ask for interchange-plus. It separates the underlying network cost from the acquirer markup, so you can see what is really happening on each transaction.
[0:29] How to compare. Divide total monthly fees by total card revenue. That number is your effective rate. That is the real cost of card acceptance.
[0:36] Full UK card machine fees guide on merchanthq.co.uk.
MerchantHQ is an independent UK comparison and introducer service, not a payment provider.