Search News

Results: 1-10 of 20


Start again

2 Apr 2024

Recent payment disruptions at supermarkets and fast-food outlets have raised questions on the need for improved reliability.

18 May 2023

A lobby group has warned of the “startling rise in the cost of accepting cards” for small businesses after the European chief of Mastercard defended the fees it levies on merchants.

14 Mar 2023

New data shows that a majority of the UK public oppose the rising and unregulated costs British businesses face for simply accepting payments. With the cost of doing business at record levels,...

23 Feb 2023

The ACT will be joined by key service partners when leading trade show iceBike* returns as an in-person event for the first time since 2020 on Sunday 5th March and Monday 6th March at the...

21 Feb 2023

Cytech, the internationally recognised training and accreditation scheme for bicycle technicians, will be at next month’s iceBike* 2023 shows at the Manchester Velodrome and at...

15 Feb 2023

ACT will be joined by key service partners as leading trade show iceBike* returns as an in-person event for the first time since 2020 next month, with events in the North at the Manchester...

16 Jun 2022

The ACT would like to make it clear at present we are not working with any card processing provider, so please ignore any that claim to be working with the ACT. In other...

1 Nov 2021

ACT and ActSmart partner Global Payments (GP) will be contacting all customers to arrange the replacement of your terminal(s) to keep you up with modern requirements for no extra cost.

13 Oct 2021

According to UK Finance, 'The new £100 limit is designed to balance security, convenience and consumer demand."

16 Aug 2021

The contactless limit will increase to £100 on 15 October 2021 and all card machines in the UK must be capable of accepting contactless card transactions up to the new limit of...

Back to news menu

Simplified card processing pricing

Posted on in Business News

The European Commission has ruled to make changes to card payments in Europe (EU) and as such, card processing pricing has been simplified.

From 9th December 2015, the fees banks can charge will be capped at 0.3 per cent for credit card transactions, and an average of 0.2 per cent for domestic debit card transactions.

The European Commission has estimated that interchange fees currently amount to £1bn a year in the UK, although some analysis estimates that the figure could be double this. Figures from the British Retail Consortium have also estimated that an interchange fee cap of 0.2% for debit cards and 0.3% for credit cards could save merchants in the UK £480million each year.

As a result of the simplified fees, ActSmart's partner, Global Payments, has taken the opportunity to simplify the pricing structure on headline rates alongside the changes to interchange fees. Click here to view the new headline rates for ActSmart Gold subscribers using Global Payments.

If you are currently a Global Payments user you should shortly be receiving a letter outlining the new lower headline rates and simplified IDF table.

If you are not yet using Global Payments, switch today to enjoy our lowest ever rates along with over 500 outlets currently using our exclusive package, generating over 1 million card transactions annually worth over £200m.

It's easier than you think... Switching to Global Payments involves a quick application over the telephone with an individual who will handle your application from start to finish, providing the best possible customer experience throughout the transfer process.

The average time from application to receipt of new terminal is 10 working days.

The most common misconception is thinking that you need to have your business bank account with the same provider as your card processing facility - you don't!

However, there are advantages in doing so. By choosing to bank with Global Payment's preferred banking partner, HSBC, you'll benefit from your card payments being credited quicker improving your cash flow.

Call Global Payments on 0800 731 8921 or request a call back using the button below.

 

 

 

Back to news menu

Useful links

If you have any other queries please contact us.