PAY LESS SAVE MORE | WHATEVER YOU DO, YOUR BUSINESS IS OUR BUSINESS

www.thepaymentspeople.com
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    • Home
    • The Payments People
      • Get Started
      • Payment Solutions
      • F2F/MOTO Payments
      • Online Payments
      • FX | Convera
      • High Risk Merchants
      • EPOS
    • POWERPAY | Energy
      • Business Energy
      • The Future of Energy
    • Our Services
      • Business Finance
      • Sponsorship
      • Mortgage & Protection
    • About Us
      • Our Story
      • Careers
      • Complaints
      • Refer a Business
    • Contact Us
  • Home
  • The Payments People
    • Get Started
    • Payment Solutions
    • F2F/MOTO Payments
    • Online Payments
    • FX | Convera
    • High Risk Merchants
    • EPOS
  • POWERPAY | Energy
    • Business Energy
    • The Future of Energy
  • Our Services
    • Business Finance
    • Sponsorship
    • Mortgage & Protection
  • About Us
    • Our Story
    • Careers
    • Complaints
    • Refer a Business
  • Contact Us
Powerpay | The Payments People

Payment Solutions

Take payments for less. 

It's a simple concept yet too often we see businesses of all sizes struggling to find a suitable solution to reduce costs but improve the service. 

Discover what payments solution is right for your business.

Whatever you do; Your business is our business

Find out more

Choose how to get paid

Face to Face

Face to Face

Face to Face

Face to Face or Point of Sales Payments typically utilise Card terminals to help customers pay

  • At the table with a portable terminal
  • On the go with a mobile terminal
  • At the till with a countertop machine

POS Payments

Online

Face to Face

Face to Face

Offer your customers more ways to pay whether it's an online shop or virtual terminal, we have the right solution for you

  • Online through your website
  • Over the phone 
  • By email



ONLINE PAYMENTS

SuperFAST Quote

Send an enquiry for a quote today

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www.thepaymentspeople.com

07826844068

The right solution for your business

Point of Sale Payments

Point of Sale Payments

Point of Sale Payments

Transform your point of sale 

Classic styling to the latest super-tech; we provide a wide range of counter-top or mobile terminals from the leading brands including Pax, Ingenico and Castle

POS Payments

Online Payments

Point of Sale Payments

Point of Sale Payments

Digital payments made easy 

Join the next generation of online payments with our simple, easy and fast online payment gateway services that works on any device. 

online payments

Mobile Payments

Point of Sale Payments

Mobile Payments

Make in-app payment acceptance easy  Accept mobile app payments instantly with a mobile payment gateway. Secure, fast, and reliable. 


MOBILE PAYMENTS

The Price is RIGHT

Price Match Promise

Blended or Interchange

0-48 Month Contracts

Typically the payments game is a race to the bottom; we are happy to offer you the right deal for your business PLUS our unique price match promise means we will match and beat any like for like merchant quote.  Our buying power and long established relationships with merchant acquirers and merchant service providers mean we can secure yo

Typically the payments game is a race to the bottom; we are happy to offer you the right deal for your business PLUS our unique price match promise means we will match and beat any like for like merchant quote.  Our buying power and long established relationships with merchant acquirers and merchant service providers mean we can secure you preferential rates. Our main objective is to help you secure the best deals from tried, tested and approved card payment processors. 

0-48 Month Contracts

Blended or Interchange

0-48 Month Contracts

Choosing the right pricing model is equally as important as choosing the right contract often mis-sold with finer details that many payment 'experts' try to hide. Our experts ensure there are zero hidden costs and all fees are minimal and explained. We only pass on fees that apply to us. 

Your merchant agreement is direct with the chosen a

Choosing the right pricing model is equally as important as choosing the right contract often mis-sold with finer details that many payment 'experts' try to hide. Our experts ensure there are zero hidden costs and all fees are minimal and explained. We only pass on fees that apply to us. 

Your merchant agreement is direct with the chosen acquirer that is right for your business. We have full control of ensuring you are always on the best possible rates over the duration of the agreement. 

Should you require terminal leasing for your POS devices then this carries a contract length typically between 18-48 months. 

Blended or Interchange

Blended or Interchange

Blended or Interchange

Finding the right pricing for your business is vital. When businesses apply for a payment provider they’re typically presented with either of the following pricing structures; Blended v Interchange.

However, the key to receiving the best processing rates for your business comes with determining which pricing structure is likely to benefit your business model.

So what’s the difference? 


Learn more

Businesses we work with

Low to Moderate Risk

Low to Moderate Risk

Low to Moderate Risk

Unlike high risk businesses, low risk businesses present a much lower risk of fraud or chargebacks to their payment processor. As you’re safer to work with, you’ll have a greater variety of merchant account options to choose from and your fees will be lower. 

You’ll probably be able to open a low risk merchant account if:

  • You’re an establis

Unlike high risk businesses, low risk businesses present a much lower risk of fraud or chargebacks to their payment processor. As you’re safer to work with, you’ll have a greater variety of merchant account options to choose from and your fees will be lower. 

You’ll probably be able to open a low risk merchant account if:

  • You’re an established business 
  • You have a good credit rating 
  • You deal in low value transactions (under £50 on average)
  • You have a consistently low volume of transactions (you take less than around £15,000 a month)
  • You only deal with domestic customers
  • You only deal in one currency 
  • You operate in a low risk industry such as hospitality, everyday goods, or professional services 
  • You have a history of low or no chargebacks or returns 

You should be aware that there are no hard and fast rules here: even if you work in a high risk industry, you may still be able to secure a low risk merchant account if you can demonstrably meet some of the criteria listed above. Likewise, if you work in a low risk industry, but you process a lot of high value transactions, you may be considered high risk.

High Risk

Low to Moderate Risk

Low to Moderate Risk

Industries are generally considered to pose a high risk to the payment processor if there’s a greater potential for fraud, failed transactions, legal issues, or payment disputes. These can result in chargebacks, which costs your provider. 

 

We have high risk providers that can offer competitive rates and terms of settlement that are more a

Industries are generally considered to pose a high risk to the payment processor if there’s a greater potential for fraud, failed transactions, legal issues, or payment disputes. These can result in chargebacks, which costs your provider. 

 

We have high risk providers that can offer competitive rates and terms of settlement that are more appealing than can be offered from mainstream card payment providers.

Don’t waste your time completing applications with mainstream acquiring banks that will simply decline your application, offer poor rates or apply restrictions and deferred payments.

If your company operates in any of the categories below then contact us to discuss your options:

  • Crypto Currencies, Bitcoin transactions
  • Peer to Peer lending
  • Forex
  • Remittance
  • Alcohol 
  • Affiliate Marketing 
  • Tobacco & E-Cigarettes 
  • Seeds
  • Nutraceuticals 
  • Airline, Travel, Tourism & Lodging 
  • Debt Management & Collection Agencies 
  • Payday Loans Merchant 
  • Gambling Merchant 
  • Foreign Exchange 
  • Private Clubs 
  • Dating & Escort Services 
  • Adult Entertainment
  • Timeshares & Holiday Clubs 
  • Tech Support 
  • Charities
  • Monthly Membership 
  • Subscription Services 
  • Insurance 
  • Jewellery 
  • Stamps & Coins 
  • Software
  • Advertising Services 
  • Online Auctions
  • Events & Tickets

The Price is Right

IC++ v Blended

Interchange Pricing

Interchange Pricing or Interchange++ as is most commonly used industry-wide, is considered the most transparent billing model of the two options.

This type of pricing breaks down your processing fees into three clear charges, which we’ll cover below. Interchange++ may benefit merchants who have a better understanding of the pricing structure and know what to look out for, often larger and more established businesses.

How is it Calculated?

To simplify interchange++ pricing, let’s break down the costs that will be presented to merchants in three parts:

  • Interchange (IC): This is a fee charged by the customer’s bank. This amount will vary depending on the card type, i.e. whether it be corporate or domestic, credit or debit, etc.
  • Scheme Fee (+): Card providers such as Visa and Mastercard, will charge you for the use of their systems.
  • Acquirer Fee (+): Your own bank or payment processor will charge you a fee for the use of their payment gateway and services.

 

Blended Pricing

Blended rates are much simpler. Each fee is bundled together so that the merchant is presented with, and is paying for, one overall cost each month. There is no clear way to determine what you are paying for, but businesses know that their fees are charged at an equal and unchanged rate month-to-month.

This type of pricing is suited to smaller businesses that are starting out. It can sometimes cost more than interchange++, but its basic structure is what makes it an ideal choice.


Should I switch from my current pricing model?

Whether you’re currently on a blended pricing model or interchange++, you may be wondering whether you should switch to the alternative.

The answer is that there is no right answer.

Whilst interchange ++ may benefit some merchants, blended might benefit others and it will all depend on which benefits suit your business’s needs.


For example, global merchants often experience high transaction volume across multiple territories. This means they will be dealing with a range of local card schemes with their own costs, as well as international and domestic cards. The need to understand these independent costs may push merchants to take on an interchange ++ pricing model to get the best pricing model for each region they process in.

Whereas, a small local business with limited payment methods will unlikely have this issue. Therefore, the simplicity of blended pricing may be appealing.

Author:  

Abdullah Abdelkafi


Lower your rates TODAY

As soon as you provide your latest merchant statement; Our expense reduction analysis experts will provide you with a detailed analysis and a quote clearly showing your new saving using either blended or IC++ model

EMAIL MERCHANT STATEMENT
Business Finance

Merchant Cash Advance

Unlock funding through your card sales. Are you a business owner looking for fast and flexible funding.

From £5000 to £500000 A merchant cash advance could be the solution for YOU 

A different kind of loan which offers your business unsecured funding against your future card sales. 

Apply NOW

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The Payments People is the trading name of The Payments People Ltd. Registered in England and Wales 16177811

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