10.08.2026
Every penny matters when supplier costs are rising, wages are rising, and the price of utilities is rising, as well as customer expectations. Many business owners keep an eye on their rent, insurance and stock expenses but one thing that gets neglected is card payment processing.
The rise in cashless payments (card and digital wallet) has made payment one of the top costs in a month for many users. But many retailers stick with the same provider year after year without finding out if they're getting the best deal.
Many companies take advantage of a payment provider's good initial offer. Afterward, however, transaction fees or monthly charges and/or additional service fees may rise.
Retailers should regularly check:
These little savings on each transaction can total thousands of pounds per year.
While transaction rates are important, they shouldn’t be the only factor when choosing a provider.
There are also some things business owners should take into account:
While it can be cheaper to go with the lowest service provider, if that provider is not reliable when you need it the most, then you may not be getting the best deal overall.
By providing quicker services, you will make your customers happier.
Consumers want quick checkout.
Queuing and frustration can occur on slow payment terminals or poor connections, especially during rush periods of trading.
The modern payment technology should enable a quick transaction and integrate with your current retail systems.
The smoother the checkout process is, the better the overall customer experience would be.
Retailers should be aware of what they are getting for their money.
Card payments can be difficult to understand the costs due to unexpected fees, hidden fees, and/or complex pricing.
It is the responsibility of a transparent provider to be clear about:
When all information is at their fingertips, business owners can budget with confidence.
You need to have a payment agency that is going to support your business as it grows.
No matter if you're opening new stores, adding online sales or new services to your offerings, you want your payment solution to grow with your business
While price is important, it can be disruptive to switch providers every few years, it may be worth considering a long-term technology partner.
Suppliers and operating costs are reviewed as part of a business review, so should be payment services.
Things change rapidly and what was the best solution 3 years ago may not be the best today.
A little research into providers can be more efficient, cost-effective, and better serve your business and customers.
IPOSG also provides integrated card payments for independent retailers, so if you're interested in a modern payment solution you've found the right one. Along with EPOS software and a Business Account, IPOSG equips businesses with the tools they require to increase their growth and streamline operations at an opportune moment.
Follow IPOSG on social media for more EPOS system information, marketing tips and recommendations.
