Hi,
I run a distribution business and deal with a few Facilities Management companies who pay for goods on Corporate Visa Purchase Cards (typical transaction value is around 500-1000 per time). To date I've pushed around
40,000 worth of business through my current terminal supplied and with the cash collected by Natwest 'Streamline'.
This business is almost entirely from 2 customers - large Blue Chip companies where the money is safe as houses - in other words not Joe Public with the possibility of stolen cards etc - in fact we know all of the buyers and engineers who we supply and 80% of the time the cardholder is present
In a nutshell I'm paying 2.4% per transaction and on the very rare occasion, (about 3 times so far), we supply Joe Public (much smaller amounts) we are charged 29p per Delta/Debit Card transaction.
I personally feel that we are paying way too much for the simple hassle free collection of non risky money. Incidentally we hire the card machine at
24/month from Cardsave.
Does anyone know of any other payment collection companies or would care to comment on the rate we are paying?
Thanks