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PostPosted: Mon Jun 27, 2016 1:28 pm 
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Joined: Mon Dec 23, 2013 9:15 am
Posts: 132
Location: Colon
I have this card payment app i have just installed on my iPhone. It works most of the time. But am having problems understanding the charges, since everyone else charges more than this. Is this value for quid?

I was offered a deal like the following:

1. 2.9% plus £1.00 with a 1 year minimum contract.
2. 3.9% without a contract.

Payments are deposited in my account every 7 days.

What do you think lads?

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PostPosted: Mon Jun 27, 2016 7:49 pm 
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Joined: Sat Oct 15, 2005 11:07 pm
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Location: Hampshire (HC)
Use the link below and you get £10 worth of fees credited to your account as soon as you make the first payment.....So do I!!! :D

That's the equivalent of taking £400 without fees.

https://www.izettle.com/d/KVFH5M


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PostPosted: Tue Jun 28, 2016 1:53 pm 
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Location: Colon
cabbyman wrote:
Use the link below and you get £10 worth of fees credited to your account as soon as you make the first payment.....So do I!!! :D

That's the equivalent of taking £400 without fees.

https://www.izettle.com/d/KVFH5M


£400.00 thats less than a weeks takings. Is that a 1 time deal?

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PostPosted: Tue Jun 28, 2016 1:59 pm 
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Location: Colon
2.9% is what banks take on card payments whichever payment processor you use. £1 quid is what this chaps are taking per transaction. Since am doing mostly Airports, I just add 2.9% on the customer or can absorb it.

If I do a standard Gatwick run £220. I pay 0.029 *220= £6.38 +1.00 = £7.38

This looks good for smaller jobs as well. It makes sense on bigger jobs too.
A normal regular run is £7.50. 0.029 *7.50 = £0.22 + 1.00 = £1.22

I think I'll stick with this guys for now. I'll keep you updated if they change.

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PostPosted: Tue Jun 28, 2016 4:04 pm 
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Joined: Tue Apr 03, 2007 10:27 pm
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theCrab wrote:
2.9% is what banks take on card payments whichever payment processor you use. £1 quid is what this chaps are taking per transaction. Since am doing mostly Airports, I just add 2.9% on the customer or can absorb it.

If I do a standard Gatwick run £220. I pay 0.029 *220= £6.38 +1.00 = £7.38

This looks good for smaller jobs as well. It makes sense on bigger jobs too.
A normal regular run is £7.50. 0.029 *7.50 = £0.22 + 1.00 = £1.22

I think I'll stick with this guys for now. I'll keep you updated if they change.

What do they charge you for debit card transactions? The last time we did card payments debit cards were 16 pence per transaction.

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