Merchant costs? Visa etc

[tight fart]

Has everybody's merchant cost gone through the roof or just mine?
I'm with Barclaycard
Visa delta was 18p per item, now 70p
Visa commercial was 1.8% now 3% plus 1p
Visa credit was 1.8% now 2.25%

[glasgowrob]

10p per debit card transaction
and 1.9% for credit cards and Amex etc.



although were just in the process of moving to worldpay for slightly cheaper prices

[chippy348]

We use card save(now Worldpay) for our hand held machine and we pay £79.02 per quarter (£26.34 per month) for the machine.
Master Card Personal & Master Card Personal Int 1.2%
Master Card World 1.8%
Master Business/ Master Card Fleet 1.7%
Visa Personal/ Visa DR Elec Per Int 1.1%
Visa Business / Visa Corporate 1.7%
Visa Debit 21.50 p
Maestro UK DOM 20p

[Transmitter Man]

Does one also require a merchant account with your bank when using Worldpay or are their fees net between the customer and your bank account?

I currently have a HSBC merchant account and use Sage/Global Pay for online transactions.

Working fine but looking to reduce our overheads.

Thanks.

Phil

[RanchoGrande]

Ours are going up in January (Global Payments)

They are introducing a % based fee per debit card transaction rather than a fixed fee, something to do with new European regs.

All it means to me is that no doubt our monthly bill will increase. Wondering if all merchant services providers will switch away from a fixed debit card fee?

[matt-ITR]

I have an "inclusive" package with Barclays ePDQ, £30 per month for 125 transactions per month.
£1 or so above that for all cards.

Suits me perfectly as payments are usually higher value, so it is better than a % rate.
There is a turnover threshold though, so I am expecting I will get moved to a different type of account when I reapply.

[tight fart]

Ive just noticed that they charge me 3% on business debit!

[rowley birkin]

We are with Barclaycard. Rates were initially high, because we were a start-up. After a couple of years we said we were moving to a competitor, and the rates came down immediately.