Call for views: Card Acquiring Market Review and PSR Remedies
The Payments Systems Regulator (PSR) has found that small and medium-sized businesses can save thousands of pounds a year if it was simpler to compare prices on card-acquiring services and switch providers. As result the PSR introduced new regulations last year to allow businesses greater choice and transparency when selecting card payment services, while preventing them from being tied into long contracts when renting certain card readers. The slides below give a brief overview of your rights. The regulator would welcome your feedback of your experiences of using card acquiring services and renting Point of Sale (POS) terminals to the email address: CAMR - Compliance Monitoring CAMR-ComplianceMonitoring@psr.org.uk