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Commercial Benefits - Reduce Costs
Card Processing
Reduce your card processing costs with our preferential rates
Nearly 400 outlets using our exclusive package with HSBC, generating over 1 million card transacitons annually, worth nearly £100m.* Giving us a great position to help you get a good deal on your card processing rates.
Here are some interesting facts: *
- 63% of all retail spending now happens on plastic
- Average cycle shop Maestro spend = £59.77
- Average cycle shop Visa Debit spend = 67.60
- Average cycle shop credit card spend = £114.85
Our market knowledge combined with significant negotiating power and long-term relationship with HSBC enables us to to offer competitive rates to cycle retailers.
* Based on Oct 05 - Oct 06 figures.
Key Features
- Benefit from the combined negotiating power of 380 outlets
- Exclusive low rates on debit and credit card transactions
- If your turnover is greater than £300k we will help you gain an individual negotitation
- Low rates on terminal rental costs
- No refund card charges (other providers can charge 30p - 40p)
- Free terminal set-up, usually £150
Preferential card processing rates available to:
Download Documents
Frequently Asked Questions
Q: Do I have to change banks to use HSBC for my card processing?
A: No, this is a card processing service and is completely separate to business banking. The benefit of banking with HSBC as well as doing your card processing with them is that payments get into your account quicker.
Q: How long does it take to switch to HSBC?
A: We generally advice retailers to expect their service to be up and running within 3 - 5 weeks, often it happens quicker than this but because its so critical to your business we suggest you allow plenty of time. Afterall there's money involved!
Q: How and when can I negotiate lower rates with HSBC?
A: If your credit card turnover is in excess of £300,000 per year you may be able to negotiate lower rates. We don't publish these rates because it is done on an individual basis depending upon your turnover, sales volumes and average transaction values. If you would like a personal negotiation contact us and we'll arrange this with HSBC.
