Reduce Merchant Card Acquirer Costs
Reduce your Merchant Acquiring Costs quickly and easily using your Payments Data
Bankhawk Analytics can help you reduce your company’s Merchant Card Acquiring fees using our team of analysts and ground breaking Card Payment Analytics.
Discover opportunities for reducing Merchant Card Acquiring costs
Merchant card charges represent a major cost for business. It is becoming increasingly important for businesses to analyse their cost of card acquiring. Recent changes in the market are providing big opportunities for businesses to better manage and reduce these costs.
A recent ruling by the ECJ allows merchants to have credit and debit transactions acquired outside of the UK and Ireland. This can result in considerable reductions in fees paid. Bankhawk can help you to simplify and reduce your merchant costs by revealing exactly how much is paid to your acquirer, to the card scheme and in interchange fees.
We have worked with many leading businesses to bring complete clarity to their card acquiring. This has resulted in annual savings of up to 25% in their merchant card charges.
In order to provide this service Bankhawk operate through a detailed process to translate the complex data sets into easily understood information.
Information needed from the merchant
Build up to date profile of all transaction data for each merchant account
Benchmarking of processes data against market and best in class
Achievable savings and recommended pricing structure
WHERE BANKHAWK ADDS VALUE
Through Benchmarking and Cost Analysis, Bankhawk is able to create a marketplace for Merchants (Businesses) and Acquirers.
Merchants are able to fully understand their costs and be assured that they have best pricing available.
Acquirers have access to Merchants they may not have heard about otherwise.
Bankhawk uses our Bankhawk365 Analytics software to consolidate an organisation’s entire payment data and market information to generate a database of benchmarks providing fast and valuable new financial information. This gives CFOs, treasurers and finance executives the ability to significantly reduce your company’s Merchant Card Acquiring Costs and generate on going savings for your company.
Merchants can be put on one of three different pricing models set by their acquirer. This determines how the merchant will view their acquiring and how much is paid to the acquirer.
- Prices for cards are put into lumped groups and merchants pay the same price regardless of how the card was acquired.
- This can be beneficial if the merchant has many unsecure transactions, but worse if transactions are primarily chip and pin.
- Pricing is broken down to represent the margin and interchange. Interchange and scheme are represented as one price.
- The merchant always pays the same amount to the acquirer, but the total cost can fluctuate based on how secure are the transactions.
- Pricing is broken down to represent margin, interchange, and scheme fees.
- Same as interchange+ except the merchant has more visibility of the costs.
Call us and speak with a Banking Analytics Specialist to answer any questions you may have.
Begin to enjoy the benefits of reducing your Merchant Card Acquiring Costs. Bankhawk will deliver savings for your business using the power of Bankhawk365 Analytics Software.
Request a Demo
Schedule a demo of Bankhawk365 Analytics Software that we use to reduce Merchant Card Acquiring Costs of businesses in various sectors from Hospitality, Retail and Large Corporates, both Public and Private.