If you are looking at taking credit cards in your business or changing providers, never be caught out by signing up for a provider based on the headline rate.
Whilst advertised rates may appear to offer great value, there are lots of other charges that may seem negligible, but, actually, increase your true average rate quite considerably.
The general rule of thumb is that if your monthly transactions are less than £1000-£1500 a month, you will probably be better sticking with one of the pay as you go merchant account providers like Paypal, Stripe or Izettle.
We have created a simple calculator, where you just enter some basic details and it will calculate your monthly and annual costs and indicate your true average rate. If you are an established merchant, you might be surprised about how expensive your current provider really is.
Click here to access the calculator.
