With latest research showing that start-up and small enterprises in the UK miss out on an estimated £800m in annual revenues as two-thirds still do not accept credit and debit card payments, Handepay believes there is an education gap in what business owners understand about credit card processing for small business.
That’s what has led the company to write the comprehensive guide, titled ‘So you’re thinking about accepting cards’, aimed specifically at small businesses.
Many SMEs believe the cost of accepting card payments is prohibitive, but the guide dispels this and other myths by pointing out that the cost to the average business is around £1 a day.
Whether you are new to card payments or considering switching providers, the guide provides all you need to know about credit card processing for small business in a plain speaking, impartial fashion.
From spelling out how the process works, what each transaction costs, who gets a slice of the commission and why, the range of payment terminals available, e-commerce options and much more, it is an A-Z of the industry that small business owners will find invaluable.
Andy Macauley, chief operating officer of Handepay, comments: “Many small business owners tell us they still see accepting card payments as a necessary evil. However, as we move towards a cashless society, paying by debit and credit card is what your customers want to do and we have prepared this guide to show that far from evil, it’s a necessity for all kinds of modern businesses.”
* So you’re thinking about accepting cards is available to download free from Accepting Card Payments.