11/01/2023
Following a review by the Payments System Regulator (PSR), the Government watchdog announced new rules in October to improve card services and help businesses shop around and switch to more cost-effective services 🙌
From January next year, 14 of the most significant providers of card-acquiring services will be required to remind businesses at the end of their contract term that they could compare prices to get a better deal 🤝
In addition:
Providers will also have to provide information to businesses about their charges and provide an initial online quotation tool of key charges to help businesses make a choice ✔
Following concerns that businesses were being locked into lengthy contracts for card readers, the regulator is also limiting point-of-sale (POS) terminal contracts to 18 months ✔
There is now no better time than to review your existing contracts and with business costs on the rise we want to try and help local businesses save some money 💳
It costs nothing to have a quick chat, so why not give us a call for a free review of your card processing setup and see how much you could save ✅
☎️ 01603 343429
