Category: Cost Optimisation
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The Hidden Cost of Payments: Why UK Businesses Are Paying More Than They Think
Audio Version UK businesses are facing a growing and often invisible cost burden: rising payment processing fees. According to the Payment Systems Regulator (PSR), Mastercard and Visa have increased core scheme and processing fees by at least 25% since 2017, costing UK merchants an additional £170 million annually. While interchange fees are capped at 0.2% for debit…
