Card Terminal Charges

sr814

Just looking for quotes at the moment and unsure of what the going rates are. Here's what we are currently paying (small business):

- WiFi contactless terminal - €23.95 p/month (18 month contract)
- Debit cards: 0.42%
- Credit cards: 2.28%
- Business cards: 2.98%

Is this more or less standard or are there cheaper alternatives out there?

CeilingFly

terminal should be under €20

Debit cards are OK, but try 0.35%. Your rate is still cheaper than the cash lodging rate of the banks.

Credit cards way too high. Shouldn't be more than 1.25%

Business cards 0.5% higher than credit cards.

Try BarclayCard - operated by paymentplus.ie Funds are in your account at 9am the following day.

Bandara

Your both getting sucking into the sales blurb of the Merchant companies.

You don't want fees based on percentages, you need to agree flat fees.

These are my current rates for the various cards:

Visa Debit Cards
€10 = 4c fee
25 = 6c fee
50 = 9c fee
75 = 12c fee
100 = 15c fee

Master Card / Visa Credit Cards
€10 = 7c fee
25 = 12c fee
50 = 20c fee
75 = 28c fee
100 = 36c fee

Business Credit cards MC & Visa
€25 = 43c fee
50 = 77c fee
100 = ?1.49 fee

Roughly speaking my debit card fees, taking a €50 sample sale, are approx 0.18%, whereas standard Credit cards are 0.4%, and business credit cards are 1.55%

If you allow the Merchant companies to dance on you they will. Try Payzone, they are by far the most competitive out there at the moment.

Hope thats of some help.

CeilingFly

Average sale in our place is just over €20, so 0.3% works out at average 6c

Credit cards we're 0.65%, so again about 12c and another av 10c for business cards.

So about the same as your fixed rate system.

Bandara

CeilingFly wrote: »

Average sale in our place is just over €20, so 0.3% works out at average 6c

Credit cards we're 0.65%, so again about 12c and another av 10c for business cards.

So about the same as your fixed rate system.

Can I ask what merchant supplier you have .65% on CCs from ?

Bandara

Bandara wrote: »

Can I ask what merchant supplier you have .65% on CCs from ?

Hi Ceiling

If you could let me know I'd appreciate it.

We troll all the suppliers yearly and have never seen % that low, and we are putting huge volumes thru.

Thanks

CeilingFly

Payment Plus / barclays.

Bandara

CeilingFly wrote: »

Payment Plus / barclays.

Great stuff, will chase them up in the morning.

Thank you. Much appreciated

RodVelvet

Did you get any joy with them, when you followed up?

Currently with AIB, out of contract at the moment and want a contactless machine,
what providers should I be checking out. AIB don't seem too bothered after contacting
them a few times. Think Clover Mini is 499 for a shorter contract.

Currently waiting on paymentsense & payzone to come back to me.

jasper100

RodVelvet wrote: »

Did you get any joy with them, when you followed up?

Currently with AIB, out of contract at the moment and want a contactless machine,
what providers should I be checking out. AIB don't seem too bothered after contacting
them a few times. Think Clover Mini is 499 for a shorter contract.

Currently waiting on paymentsense & payzone to come back to me.

Any prices from paymentsense and payzone?

Anybody else got any up to date rates worth sharing?

Blitzkrieger

*bump

paymentsense seem to have their rates on their website :

Debit Transaction fee Credit transaction fee
0.35% 0.80%

plus terminal rental of €18 a month.

I went looking for quotes from other providers today. Have gotten or am still waiting on quotes from

CBE
PaymentPlus
IOCsave
Bank of Ireland

So far it looks like the flat fee offering from BOI is going to be the best option. Does anyone know of any others I should try?