Britain’s small businesses losing £800 million a year by not accepting card payments.

Having the ability to take card payments is an essential need for any business competing in today’s economic times.  According to the UK’s Card Association Plastic Card 2013 report, debit and credit cards will continue to play a central role in society and the economy. The value of card payments is forecasted to nearly double in the next decade to £840 billion. With 169 million cards currently issued, 32 million contactless cards in circulation, and an average debit card holder making on average 205 transactions in 2012 it is clear to see why over 1 million businesses are currently accepting cards in the UK.

Chip & PIN Solutions, one of the UK’s leading supplier of card payments has been chosen by more than 14,000 international brands, and independent businesses.  Their outstanding customer service has been a key contributor to many businesses choosing them for their payment needs, described as a “customer service model for other companies.”(Lewis Jones, Manager, Banking and Controls, The AA)

Taking time to fully understand their customer’s requirements, Chip & PIN Solutions is dedicated to finding the perfect payment solution for any business.  “We were looking for a new complement of PCI compliant credit card terminals,” explains Head of Catering Logistics, Virgin Trains, and “Chip & PIN Solutions were recommended to us by one of our existing suppliers. Chip & PIN Solutions are very helpful, very proactive and very competitive.”

Corrina Griffin, Service Innovation Manager for Weight Watchers has also experienced the same high level of service.  “I picked up the phone and was impressed with how quick and efficient they were.  We were pleased with the proposition on the table, and they put us in touch with an existing customer who confirmed they were an excellent choice.”

The Future

The UK’s Card Association has published in the UK Plastic Cards 2103 report that card payments in the UK is expected to almost double from 9.9 billion in 2012 to 17.3 billion in 2022.  With this huge migration away from cash and the growing number of point of sale terminals and e-commerce, Chip & PIN Solutions is dedicated to help new and established businesses find their perfect payment solution.

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Simon is responsible for heading up the marketing department at Chip & PIN Solutions where he helps support the business in providing a variety of payment solutions and technology for the SME & Corporate sectors enabling them to accept card payments, whatever the business nature.

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Britain's small businesses losing £800 million a year by not accepting card payments.
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