Credit/Debit card transaction fees

  jtt 07 Apr 08
Locked

Does anyone know what credit/debit card transaction fees to a business are roughly? Presumably there's a fixed cost per transaction and a percentage cost.

  wee eddie 07 Apr 08

your Turnover and the number of Transactions per month.

  Chris the Ancient 07 Apr 08

This is the sort of info that a bank should give you with no worries at all. Though, some years back, I was with one well-known high street bank (no names, no pack drill) who did seem to go out of their way to make my business account transaction charges extremely difficult to follow and understand. And, boy, did they get expensive!

So...

Being self-employed, and not really needing a 'proper corporate account, I now have two current accounts in my name at a different well-known bank. One has my 'business' transactions in it and the other has my 'domestic' transactions in it. Being 'ordinary' current bank accounts, and staying within the bank accounts defined limits, means no charges.

BTW, the tellers (and an under manager) at my local branch are fully aware of what I am doing - even though it is cheating - slightly.

  jtt 11 Apr 08

Thanks for your replies...

Advertisement

This thread is now locked and can not be replied to.

Should I upgrade to Windows 10? 8 reasons why you should upgrade to Windows 10... and 2 why you…

We are being sold the ability to spend money we don't have. And we love it

Microsoft claims its new VR lens system is better than Oculus Rift's

Apple Music preview: Why Spotify should be scared of Apple's impressive new music-streaming service

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message