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Chamber Payment Services represents a great new opportunity for Chamber members that is providing businesses with debit and credit card merchant payment facilities at discounted rates.
Chamber Payment Services - Credit and Debit Card Processing
 This new service has been enabled through Chamber banking partners at the Bank of Scotland. First Data are one of the largest global providers of card payment services from the Bank of Scotland group.Based on typical transaction rates at 2% Chamber Payment Services provides members with a real competitive advantage. This is one benefit from our new package aimed at retailers and those businesses who want to benefit from merchant payment processing without paying all the fees typically associated with this kind of service. Case exampleA restaurant with annual credit card transaction turnover exceeding 250,000 paying a 2% Transaction fee:- --> estimated saving at 250,000.00 = £2000.00
--> estimated saving at 500,000.00 = £4000.00
With Debit card transaction fees as low as 18 pence, and credit transactions at 1.2%, the financial benefits are obvious – but just take a look at the whole deal:-
- No service fees
- No Joining fees
- State of the art terminal including Chip and Pin (easy changeover)
- No need to change bank account
- Discounted transaction fees
- Discounted terminal hire
Chamber Payment Services - FAQ
Who is the service provider?The Payment Services are provided by First Data, one of the largest global providers of card payment services from the Bank of Scotland group.
Who can use the Chamber Payment Services?
Only Accredited Chambers and their Members are able to benefit from the specially negotiated rates, which are extremely competitive compared with what is available to the general market or through other affinity schemes.
All applications are risk assessed before services are provided, and there are very few categories of business where service may be refused or a higher tariff imposed due to their high-risk profile. Factors influencing risk profile include business type (some activities associated with Travel or subscription services are considered higher risk, for example) and the proportion of Cardholder Not Present transactions. However, all applications are profiled individually so it is always worth completing the application form. It's a great deal for members so make sure your business is taking the advantage.
Call today - 01483 726655
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