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  • Tips & Advice You & Your Business - Contactless payment limit increase
    Contactless payment limit increase..Uplifted amount. Contactless debit and credit card payments have been around since 2007 and the transaction limit has increased slowly over the years. On 1 April 2020 this was raised to £45. The change had been under consideration prior to the coronavirus outbreak, but it was expedited when a pandemic was declared. Rollout. The transaction limit increase isn’t automatic; businesses that accept contactless payments will need to implement it in conjunction with their payment...
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  • Tips & Advice You & Your Business - Thousands of firms illegally charging for card payments
    According to new research, thousands of firms are subjecting retail customers who use credit and debit cards to surcharges. This practice has been illegal for some time. How do you stay on the right side of the law?
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  • Tips & Advice You & Your Business - The ban on card surcharges
    From 13 January 2018 businesses will be unable to charge consumers a debit or credit card surcharge in most instances. But what’s the position if a business debit or credit card is used?
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  • Tips & Advice You & Your Business - Card surcharges banned from January 2018
    Card surcharges banned from January 2018..A percentage. Currently, when your business accepts a payment by debit or credit card it can apply a surcharge to cover the cost, e.g. the service fee that’s applied by a credit card company. However, this practice will be banned thanks to the EU Revised Payment Services Directive which must be implemented into our domestic law by 13 January 2018 at the latest. From then on businesses won’t be able to apply debit and credit card surcharges but you won’t incur them...
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  • Tips & Advice You & Your Business - Business purchases on credit - getting a better deal
    You’re considering applying for a business credit card for you and your fellow directors. There are some good deals available, but might you be better off using your personal credit cards to make business purchases?
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  • Tips & Advice You & Your Business - Compensation for seven million cardholders
    Compensation for seven million cardholders.. Card and ID protection. Over seven million credit and debit cardholders who took out card and ID protection policies since 2005, including directors with company cards, will this month receive letters inviting them to claim compensation if they think they were mis-sold the policy. Claim criteria. The claim criteria are set fairly low and so it’s expected that a large proportion of claims will be accepted. The letter and accompanying claim form will explain...
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  • Tips & Advice You & Your Business - Trouble ahead for contactless cards?
    Trouble ahead for contactless cards?.. Expansion is on the cards. You’ve probably heard of contactless credit and debit cards, but might not have had first hand experience of them, but you soon will. Their use is growing rapidly, and like most new technologies, there are teething troubles which we think might cause some companies problems. Wrongly charged. Some users have reported that where they have more than one contactless card in their wallet, a charge has been taken from the wrong one. For example,...
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  • Tips & Advice You & Your Business - New rules on credit card surcharges
    The government has now banned companies from imposing “excessive” surcharges on all credit payments. So what can they charge and where can directors find guidance on the new rules?
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  • Tips & Advice You & Your Business - The “single pin for your bank cards” sin
    The “single pin for your bank cards” sin.. Carrying plastic about. As an absolute minimum, most directors have at least one personal debit card, a personal credit card and one (or more) in the name of the company. Of course, following changes made in recent years, it’s no longer necessary to provide your autograph in exchange for a purchase - signatures have been done away with and four-digit pins are used instead. If you carry numerous cards, that can be a lot of different numbers to remember! Bank...
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  • Tips & Advice You & Your Business - New rules on credit card surcharges
    According to reports, the government is going to ban “excessive” surcharges on credit card payments. What might this mean for you and your company?
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