How can I reduce card payment costs?

I don’t want to change my existing Merchant Account provider?

Does my business need to accept cards? Will there be any benefits?

What do I need to be able to accept credit and debit cards?

Does my Merchant Account have to be with my business account provider?

How soon will payments reach my Bank Account?

What are the costs?

How soon can I have a card payment facility?

How do debit and credit cards work?

How can I reduce card payment costs?

Buzzworks Card Services has used its buying power to obtain very competitive rates on credit & debit card processing. To get an estimate of your potential saving either try our "Savings Calculator" or simply call us.

Secondly we offer a range of competitively priced payment terminals which can offer higher performance, greater reliability and lower total cost.

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I don’t want to change my existing Merchant Account provider?

We can provide just the card payment terminal as this is approved by all of the Banks.

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Does my business need to accept cards? Will there be any benefits?

Credit/debit cards are the preferred method of payment by consumer overtaking paying with cash and cheques over 5 years ago. Accepting payment by credit/debit cards increases footfall which increases the number of consumer who buy, and research has shown average that average spend is 5-10% higher on cards than cash or cheques. Debit cards have now largely replaced cheques, and very few consumers now carry their cheques with them. Orders and their payment can be accepted by telephone or by mail order.

Payments are guaranteed* and are automatically transferred daily to your businesses current account

With less cash handling; fewer mistakes are made, and ‘cashing up’ is reduced as daily totals are provided automatically.

Can you afford not to accept credit/debit cards?

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What do I need to be able to accept credit and debit cards?

To be able to accept payment by credit/debit card you need:

•     A merchant account

•     An approved method of accepting payments by card
      (e.g. a card payment terminal)

You will also need a current account to which payments will be made and charges debited.

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Does my Merchant Account have to be with my business account provider?
No. This means your business account provider can be different from your merchant account provider. Our terminals are approved by all the UK merchant account providers .

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How soon will payments reach my Bank Account?

Payment of your daily takings made by card will usually reach your Bank account in 2-3 working days. Some banks will hold a ‘reserve’ amount  against cases of a fraudulent transactions.

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What are the costs?

The costs are:

•       For the merchant account a monthly fee plus transaction fees. Credit card transactions are charged on a percentage of the transaction value basis and debit cards a fixed amount per transaction.

•       The other main cost is for the card acceptance device itself. This will depend on the type of machine that most appropriate for your business. We can offer both fixed line and portable/mobile devices.

•        There may be additional costs for telephone lines or airtime charges.

Buzzworks Card Services can arrange for these services to be provided on your behalf and complete all the paperwork for you.

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How soon can I have a card payment facility?

Typically, 2-3 weeks from signing the completed paperwork.

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How do debit and credit cards work?

Debit cards are linked directly to the cardholder’s bank account. When used to purchase goods or services the payment is withdrawn from the cardholders bank account straight away. Debit card transaction is in effect an electronic cheque.

Credit cards mean that the customer is “buying on credit”. The issuer of the cards sets up a credit account for the cardholder which he has to pay off monthly or spread the payments over several months paying the issuer interest for the facility.
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* - occasionally a transaction may be disputed by the cardholders although if it is a Chip & PIN transaction this would be very unusual.