Why cash-only is more expensive than accepting cards

By Emily Sorensen|2019-03-19T09:53:26+00:00March 19th, 2019|

Most businesses take cards nowadays, but you still see the odd signage in windows: “Cash Only”. The reason for many is the belief it is too expensive to accept cards. With cash in hand, you don’t pay expensive card fees, so surely, is it not more profitable to stick [...]

What is a merchant account? Do I need one for my business?

By Emily Sorensen|2019-03-01T16:24:55+00:00March 1st, 2019|

To accept credit and debit cards in person, online and over the phone, businesses use a merchant account - but what is it exactly? A merchant account is where transaction money "rests" until it reaches your business bank account. It acts as the intermediary between all the different parts [...]

Ingenico vs. Verifone: who will be global leader in the payments market?

By Emmanuel Charpentier|2019-03-20T12:38:59+00:00January 3rd, 2019|

Together, Ingenico and Verifone process 80% of all card machine payments in the world. As historical pioneers in credit card terminals, they are constantly expanding their offerings to cover the entire payment chain. The companies are very similar and competing fiercely. With the arrival of new players in Asia [...]

Should I accept American Express? Things to consider

By Emily Sorensen|2018-09-24T13:54:44+00:00September 12th, 2018|

It's not just American tourists who use American Express - British consumers can too. Yet many UK businesses still do not accept it, so you might wonder: should you accept American Express in your business? Why not everyone accepts American Express It's not every business that [...]

What is card interchange?

By Joey H Martens|2018-05-02T09:42:59+00:00June 1st, 2016|

Card interchange is a complicated and sometimes vexatious topic. Everyone seems to have their own agenda when talking or writing about it. Which is why so much on the topic is confusing, misleading, ambiguous or just plain wrong. We set out the facts so you can make up your [...]

Top 10 tips for avoiding chargebacks

By Joey H Martens|2018-05-02T09:42:59+00:00May 30th, 2016|Tags: |

What exactly is a ‘chargeback’? Why are they best avoided? And how do you best do this? We explain the what, why and how. Chargebacks defined A chargeback is when a card payment is returned. This may be because the cardholder disputes the transaction. For [...]