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debit cards are cheaper than credit cards but both charge the merchant a percent on each transaction
https://www.cardswitcher.co.uk/card-payment-processing-fees/ -
We use iZettle for Tri club swim fees etc, and Paypal and Stripe (charity rates) for website stuff
iZettle charge 1.75%
Stripe charge 1.2% + 20p
Paypal I think are similar, maybe 1.4% +20pWe're a charity though. Before then I think Paypal was about 2.9% +20p
So it costs us up to 55p for a £25 transaction
it used to cost us about 93p
Sumo
duncs
@moocher
How much does it cost a (small single shop) retail outlet to take card payments? The item in question for sale retails at £25.