• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • CEO’s blog
  • Sites of the week
  • Website Advice
  • Latest Updates
  • News
  • December 12, 2019

Small Business Secrets

News, website tips and insights from bOnline

Small Business Secrets

A blog by bOnline for News, Website Tips and Insights

November 15, 2012 By Kasey Cassells

Businesses Losing Thousands in Credit Card Costs

Small businesses everywhere know the costs of processing card transactions, even driving many to pass the costs onto their customers by charging extra or only accepting cards for transactions over a certain amount.

However, 80% of businesses are unaware that they are paying higher rates than necessary for credit card transaction processing, according to the Card Processing Advisory Service (CPRAS).

“CPRAS has found significant overcharging for a high percentage of traders and eight out of 10 businesses are paying significantly too much for their merchant accounts,” said CPRAS founder, Graham Hallewell.

It’s all down to complex practices surrounding credit card transaction fees, which can vary by more than 100% even for businesses in the same industry with a similar turnover.

Do you have a limit for card transactions, or charge your customers more for paying with this method? Leave us a comment below to let us know.

Find us on Google +, Facebook and Twitter

About Kasey Cassells

Kasey writes about the latest small business and website news for bOnline. Find Kasey on Google+, or follow bOnline on Facebook, Twitter, LinkedIn and Google+

Related posts:

  1. Small Business News Roundup November 14th-21st
  2. Roadworks Cost Businesses Thousands a Week
  3. Thousands of smallest UK businesses are ‘invisible’ to government
  4. Small businesses need to prepare for growth in card payments
« Small Business News Roundup November 7th-14th
Website Builder Update 15th November 2012 »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

LIKE WHAT YOU SEE?

Please fill in the required fields.

SEARCH NEWS STORIES

Archives

See More Beautiful Websites

Footer

© 2019 bOnline Limited, all rights reserved. Registered in England No.7710947. bOnline® is a registered trademark of bOnline.
bOnline Ltd. Unit 01 Rudolf Place London SW8 1RP