Credit and Debit Card Processing (Merchant Services)
Black Country Chamber of Commerce has chosen member company Bank of Scotland Merchant Services as a preferred supplier of Credit and Debit card processing.
The benefits to our members include:
- Reduced rates for card processing
- State of the art terminal including Chip and Pin
- On-line reporting and statements if required
- Cashback if required
- No joining fee
- Very simple procedure to transfer to Bank of Scotland Merchant Services
- Members don’t have to move their bank accounts to Bank of Scotland
| Credit Card Turnover |
|---|
| New to cards | £0 - £40,000 | £40,000 - £50,000 | £85,000 - £175,000 | £175,000 - £250,000 |
1.95% credit 30p debit | 1.64% credit 23p debit | 1.44% credit 21p debit | 1.295% credit 20p debit | 1.2% credit 18p debit |
| Above £250,000 call for pricing |
All pricing based upon credit card turnover
Terminal Rental
£14.28 + VAT for each terminal, per month based on a five year contract. This will be for the most up-to-date terminal and will include the Pin pad to allow you to accept Chip cards with Pin at the point of sale.
For more details please login and then go to the useful numbers page where you can see relevant contact details
*Telephone services may be recorded for security purposes and monitored under BOS quality control procedures
Settlement of funds will be transaction day plus 3 if the reconciliation is completed by 6pm in the evening. If reconciliation is later then settlement will be transaction day plus four. Commercial Card transactions will be charged at a premium of 0.6% on the matrix pricing. All refunds will be charged at 10p.
*Telephone calls may be recorded for security purposes and monitored under quality control procedures.
**Members do not have to change bankers but Bank of Scotland Merchant Services would be pleased to provide an introduction if required.