How to switch your merchant services
If you accept card payments into your small business, you could
be overpaying for your merchant services.
If you have one or more chip and pin machines, you could be
paying too much for:
- Your terminal rental charges
- The percentage of each card transaction you pay as a fee
- Your minimum monthly service charge
- Card authorisation fees
- Payment Card Industry Data Security Standard (PCI DSS)
How can we save you money?
Every small business with chip and pin machines has to pay
terminal rental charges, a percentage of every transaction paid for
by credit card and a 'pence per transaction' charge for every
transaction paid for by debit cards.
But in addition to these mandatory charges, many consumers find
that they're being charged extra fees that can be easily missed on
their over-complicated merchant service bills.
To help you find the full list of charges you're paying, all we
need is a copy of a recent merchant service statement. Our experts
will then come back to you with a detailed and fully personalised
quote, explaining all your current
charges and how we can cut them.
Using your statement, we can even tell you how much you would have
saved on our proposed rates, giving you a clear and tangible idea
of the savings you could make.
Do I need to open my merchant services account with my business
It's a common misconception that small businesses need to take
their chip and pin services via their business banking partner. If
you bank with HSBC for example, you do not have to open a merchant
service account with them. Instead, you can open a separate
merchant services account with any other acquiring
Most banks rely on their business customers simply opening
merchant service accounts through them and can easily overcharge.
However, by comparing a range of banks and third party providers,
you could make significant savings on your merchant service
How do I switch my merchant services?
Switching your merchant services is quick and hassle-free -
we'll take care of all the paperwork for you. All you need to do
- Call our merchant services experts on 0800 970 0077. We'll ask
you to fax or email us a copy of your latest merchant service
- We'll give you a free, no-obligation quote
- If you're happy with your new rates, we'll sign you up to your
new merchant services contract
- We'll send you some straight-forward documents to sign
- Return the signed documents to us
- You'll receive your new PDQ machines very soon - most likely
within 3 - 5 days.
One of the advantages of using Make It Cheaper to switch your
Merchant Services is that your new chip and pin machines should be
up and running within just one week - whereas most High Street
banks require 4 - 6 weeks to set up their merchant accounts.
To get the ball rolling, call Make It Cheaper on 0800 970 0077
and speak to a merchant services specialist. Alternatively, fill
out our call back form.