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Peterborough store selling solely local products looks to expand.

29 Apr 2024

A Peterborough store stocking products solely from local entrepreneurs said it is bucking the High Street trend and looking to expand due to its success.
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BIRA launches ‘High Street Matters’ podcast for independent retailers

29 Apr 2024

BIRA is giving independent businesses across the UK a powerful new resource with the launch of its “High Street Matters” podcast.
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Tesco accused of undercutting local shops via its wholesale business.

29 Apr 2024

The Guardian has reported independent shopkeepers saying prices they pay at Tesco’s cash-and-carry arm Booker are often higher than in Tesco’s stores.
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Get ready to celebrate independent Record Store Day

18 Apr 2024

Independent record stores around the country are preparing to celebrate all things vinyl for this year’s Record Store Day on Saturday April 20th. 
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Indies encouraged to put themselves forward for Retail Business of the Year award.

18 Apr 2024

BIRA, the British Independent Retailers Association, has announced its partnership with this year’s SME National Business Awards., joining the 2024 awards as a leading sponsor, backing... Read more…

Family-run Polesworth fish and chip shop celebrates 40 years in business with half-price chips.

18 Apr 2024

A Midlands fish and chip shop is celebrating 40 years in business and offering half-price chips to mark the milestone.
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Assault of shop workers to be made specific criminal offence

18 Apr 2024

Assaulting a shop worker is to be made a separate criminal offence in England and Wales as part of a government response to a wave of retail crime. 
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New stores helping Cardiff arcades buck retail trends.

18 Apr 2024

Eleven new businesses that have opened in the last year in the historic arcades of Cardiff city centre’s Morgan Quarter, made up of the Morgan and Royal arcades, have helped the arcades... Read more…

Study highlights impact of rising staff costs for convenience retailers.

3 Apr 2024

Research by the University of Stirling and the Scottish Grocers’ Federation has shed light on the impact of rising staff costs on the convenience retail sector in Scotland.
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Independent department stores hitting a sweet spot on local high streets.

3 Apr 2024

With large national chains increasingly disappearing from the high street, Drapers magazine has been looking at how independent department stores are stepping up their offerings to... Read more…

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75% of retail transactions paid on card

Posted on in Business News, Cycles News, Creative News, Outdoor News

More than 75% of UK retail transactions now involve cards, according to the latest analysis from the British Retail Consortium (BRC).

Just 22% of transactions now involve cash, says the BRC in its 2018 Payments Survey. Retailers ended up spending an extra £170m on processing card payments over the year largely, says the BRC, thanks to card scheme fees that rose between 30% and 100% for some transactions.

The BRC Payments Survey questioned 48% of the retail industry and looked at the payment methods that UK shoppers use when they buy goods in store and online, how this has changed since last year and how much it costs retailers on average to handle each method of payment.

BRC head of payments and consumer credit Andrew Cregan said: "EU payment regulation introduced in 2015 delivered savings for the retail industry and consumers, but these benefits have now been eroded by increases in other card fees. In fact, many smaller retailers have questioned whether savings were ever passed on by card companies. The BRC is now looking to the Government and regulator to tackle the alarming increases to card scheme fees imposed by retailers and for action to simplify the complex fees and charges levied by the card payments industry."

To ensure ActSmart can provide the best solution for all business we have two card processing partners; Global Payments for established businesses with medium to high card turnover and Paya Card Services for newer or smaller businesses with lower card volumes, both of which have transparent pricing so you know exactly what you are paying for.

To find out which solution is right for you, visit the Card Processing service page.

 

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