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  • Paymentsense wins Outstanding Achievement Award at Sunday Times Hiscox Tech Track Awards

  • 10 truths about rise and fall of a payday millionaire | Paymentsense

    If you’re a payday millionaire, you know the routine. You watch the pre-payday hours tick away. You become a carefree tycoon as soon as that salary lands in your bank account. And then suddenly, you find yourself scrimping and saving as you begin another countdown towards payday…
  • Paymentsense feature in the 2016 Sunday Times Tech Track Top 100

    Paymentsense has been ranked 70th in The 2016 Sunday Times Hiscox Tech Track 100, a list of the UK’s fastest-growing technology, media and telecoms companies. Paymentsense posted annual sales growth of 53% over the last three years. This is the second year in a row it has placed on the Tech Track 100 and the company was also ranked seventh in the 2013 listings. Paymentsense is one of only a few UK tech companies who have maintained a high growth rate since its initial listing. As well as rankin...
  • Are you being short-changed? | Paymentsense

    Video experiment shows just how important it is for consumers and cashiers to check card payment receipts. How often do you and your employees check receipts when receiving payment for goods and services' Would you notice if you had wrongly charged a customer' And would you expect customers to own up if they had been' According to a recent stunt by Paymentsense, it seems that consumers are quick to point out when they have been overcharged, but rarely own up to paying too little for their morni...
  • Paymentsense featured on the Inc. 5000 Europe | Paymentsense

    Paymentsense has been ranked as one of Europe’s fastest-growing businesses. Paymentsense has been recognised for its rapid growth by one of Europe’s most prestigious award bodies – the Inc. 5000 Europe. The Inc. 5000 Europe lists the continent’s fastest-growing private businesses and is a hallmark of entrepreneurial success both here in Europe and in the United States where the list has featured some of the world’s most successful brands including Domino’s. 7 Eleven and Microsoft. Paymentsense w...
  • We're the UK's fastest-growing business! | PaymentSense

    Paymentsense has won the UKTI Growth Business of the Year category at the National Business Awards 2015. Having been shortlisted for this award on several occasions, it is a huge honour to be announced as the winner at this year’s ceremony. Presented by Sky News’ Ian King and Poppy Trowbridge, the Lloyds Bank National Business Awards, played host to over 1,200 business leaders and welcomed former astronaut and second man on the moon, Buzz Aldrin as the headline speaker. This year we were up agai...
  • We Brought Beer - Customer Story | Paymentsense

    There are dream jobs and then there’s running your own craft beer shop. For James Hickson, owner of We Brought Beer, the dream of running his own independent beer shop is now a cool, refreshing reality. We caught up with him at his Balham-based store to find out how the ambitious, young beer-fan turned a passion for pale ales into a full-time profession. How did the business get started' Before we started the shop, I was working for a craft brewery setting up their locations. I always knew I wan...
  • Paymentsense debit card price changes | Paymentsense

    Find out everything you need to know about Visa interchange rates. In response to new EU regulations, Visa has introduced a new way of charging businesses for processing debit card payments. The charge affects what is know as the interchange rate: a fee that a card user’s bank charges a shop or business’ bank for processing a card payment. Interchange is quite a tricky subject, so we’ve put together a blog post that will explain why the new charges have been introduced and what they will mean f...
  • Paymentsense feature in City A.M. leap list | Paymentsense

    Paymentsense has been featured in the City A.M. Leap 100 List, a select group of the UK’s most exciting, high-growth companies. The financial free sheet teamed up with international law firm Mishcon de Reya and other partners to identify 100 UK companies which are making the leap to the next level in terms of revenue. City A.M. and Mishcon de Reya were joined by experts from The Supper Club, Seven Hills and The Entrepreneurs Network to select this year’s Leap 100 list. The list is not an out a...
  • How to choose the right wireless card terminal|Paymentsense

    Read our handy tips on picking the right handheld card machine for your business Choosing the right card machine for your business isn’t exactly rocket science – there are only three types of card machine you can pick from.However, there is sometimes a bit of confusion among our customers when it comes to which wireless terminal they should go for. We provide two types of wireless card machine: a portable and a mobile card machine. They sound fairly similar at face value – hence why some people...
  • Autumn Statement: Summary for small businesses |Paymentsense

    Small and medium businesses have been recognised with a number of helpful financial measures in the chancellor’s Autumn Statement. The first of these is a promise to increase the amount of capital it offers Enterprise Capital Funds by £400m. These funds invest heavily in small and medium businesses and so this should provide businesses with a much needed boost. This chimes nicely with the The Bank of England and HM Treasury’s decision to extend the Funding for Lending Scheme (FLS) for a one yea...
  • ‘Contactless' named as one of top words of 2014|Paymentsense

    Popularity of new payment service has seen it become a top buzz word of the year. Whether you’re in Cupertino or Camden, contactless is the buzz phrase on everyone’s lips, so much so in fact that it has been named as one of the Oxford Dictionary’s words of the year. Contactless missed out on being crowned word of the year to the highly popular ‘vape’; the act of inhaling and exhaling the vapour produced by an electronic cigarette or similar device. After a pretty tepid launch, with both retaile...
  • Apple Pay: What it means for small businesses|Paymentsense

    We explore the new payment service from Apple Looking for mobile payments' Check out our solution > It’s been a month now since Apple launched two new devices to much fanfare and fawning. There have been some issues with phones bending and the software having a few teething problems, but all things considered the newest gadgets look mighty impressive and are, as ever, likely to make a big impact on our lives. The most important thing for us in among all the fuss around screen sizes and pixel...
  • World Cup 2014 infographic | PaymentSense

    Ok, so we’re about a week late with this but we wanted to try and get something out there that might be helpful to anyone heading off to Brazil this summer to catch some world-class soccer action. And here it is! Our heavily-researched and carefully conceived Fan’s Guide to the Brazil World Cup. This colourful and witty graphic is absolutely essential reading for any football fan making their way to Brazil. It’s packed with trivia that will astound and amaze, and also features some incredibly u...
  • Getting to grips with contactless | Paymentsense

    Contactless payments are becoming increasingly popular and a report published by eDigitalResearch in June 2014 showed the amount of consumers aware of the technology had risen to 58 per cent, up from just 15 per cent in 2012. It was also found that more than half (55 per cent) of customers own a contactless payment card of some type, while nine per cent of the UK population possess a smartphone with near field communication technology, which can be used to make contactless payments. How does it...
  • Getting to grips with contactless

    Contactless payments are becoming increasingly popular and a report published by eDigitalResearch in June 2014 showed the amount of consumers aware of the technology had risen to 58 per cent, up from just 15 per cent in 2012. It was also found that more than half (55 per cent) of customers own a contactless payment card of some type, while nine per cent of the UK population possess a smartphone with near field communication technology, which can be used to make contactless payments. How does it...
  • Twitter Action Plan: Tips for your business | Paymentsense

    In recent years, Twitter has become an increasingly significant tool for businesses, with official accounts from huge corporations and small firms alike regularly interacting with consumers and many even sharing a joke or two with users. There are now more than 230 million monthly active users of the social media site and it is the ideal platform to share original content, drive web traffic and engage with an audience. This has been highlighted in a new infographic from Sprout Social, which sho...
  • Business blogs boost traffic by 55% | Paymentsense

    Regardless of whether your business has a B2B or B2C audience, it is extremely difficult to avoid the fact that developing a strong website is an integral factor in its operations. However, it appears the best methods for reinforcing your online presence and driving traffic actually predate the internet itself. Long before Sir Tim Berners-Lee developed the World Wide Web, retailers embarked upon the process of advertising and eventually began selling their products through the art of storytelli...
  • 85% millennial shoppers research products | Paymentsense

    While online sales figures are continuing to rise, retailers are also becoming aware of the impact a strong web presence can have on transactions completed in bricks-and-mortar stores. The so-called "showrooming" effect has been noted for some time now, with consumers regularly browsing products in physical shops, only to go on to complete the purchase online. However, a new infographic from Merchant Warehouse has highlighted the increasing prevalence of the reverse tactic, "webrooming". This...
  • 85% millennial shoppers research products | Paymentsense

    While online sales figures are continuing to rise, retailers are also becoming aware of the impact a strong web presence can have on transactions completed in bricks-and-mortar stores. The so-called “showrooming” effect has been noted for some time now, with consumers regularly browsing products in physical shops, only to go on to complete the purchase online. However, a new infographic from Merchant Warehouse has highlighted the increasing prevalence of the reverse tactic, “webrooming”. This...
  • Keeping up with new customer service demands | Paymentsense

    As consumers become increasingly aware of the level of service they expect to receive, it can be difficult for businesses to keep up. Furthermore, getting even the slightest aspect wrong can be costly, particularly as customers will increasingly pass judgement and vocalise their experience on social media sites. A new infographic published by MPL Systems has highlighted the main things consumers expect from retailers and provides some suggestions as to how businesses can stay ahead of these ...
  • 92% consumers trust word-of-mouth over ads | Paymentsense

    As the popularity of social media has increased, so too has the number of dissenting voices insisting it will not prove to be a viable marketing platform for businesses. Even some of those who acknowledge the benefits for retailers of building up a strong audience continue to maintain this does not convert into sales. However, marketing expert Seth Godin has noted: “You can use social media to turn strangers into friends, friends into customers and customers into salespeople.” It is with this qu...
  • How does web design provide ROI? | Paymentsense

    Whenever you’re spending money on an aspect of your business, it is important to attempt to work out the return on investment (ROI) you are receiving. After all, if you’re just starting out, it is vital to prioritise expenses in the manner that will best support development and growth, as spending in the wrong areas could prevent your business ever really getting off the ground. One aspect that it can be tempting to attempt to cut corners and make savings is with your web design, with many p...
  • Men are from Reddit, Women are from Pinterest | Paymentsense

    Did you know that men spend more on shoes online than women' If this sort of e-retail insight piques your interest, then the latest online spending infographic from Paymentsense will reveal to you a great deal more about men and women’s shopping habits. Uncovering some very interesting statistics regarding the shopping habits of the sexes this informative visual takes a look at their differing approaches to online retail. While it may come as no surprise that women are slightly more discerning a...
  • How running competitions can boost business | Paymentsense

    There are a number of ways businesses can attempt to engage with consumers and one that is becoming increasingly popular, particularly on social media platforms, is through competitions. Marketing agency Tamba has conducted research in this area, which has led to the publication of a white paper and infographic on the subject, aiming to dispel a number of myths perpetuated regarding giveaways and provide some useful insights into how they can be of use for your company – particularly as 75 per c...
  • Could you do more to engage YouTube's users? | Paymentsense

    When you’re considering your brand’s social media strategy, it is highly likely you will be planning to set up Facebook and Twitter pages, while LinkedIn and Google+ are all proving increasingly popular among businesses. However, one aspect that is often overlooked is YouTube and a new infographic from Fullscreen highlights the value of establishing a presence on the video-sharing site. In addition to being the world’s second-largest search engine – beaten only by Google – YouTube has more than ...
  • Only 19% of brands tweet at weekends? | Paymentsense

    Did you know that less than one-fifth (19 per cent) of brands use Twitter over a weekend' This is despite the fact engagement is 17 per cent higher at the end of the working week. These facts are highlighted in this infographic published by 123Print UK, which is the basis for the firm’s ‘Ultimate Guide to Mastering Twitter for Business’. According to latest available data, the social media site has more than 500 million users and there are thought to be around 132,000 people joining each day. It...
  • 80% consumers research products online weekly | Paymentsense

    According to a global survey conducted by Nielsen, four out of five consumers research products on the internet every week. This just goes to show how important it is to ensure your business performs well in search engine rankings and is effectively utilising social media. Sites such as Twitter and Facebook have long been noted for their potential in helping brands engage with a wide audience, but alternatives including LinkedIn, Pinterest and Google+ all appear to be becoming increasingly popu...
  • Build a website and you'll double your sales | Paymentsense

    Effectively merging and utilising both online and offline retail methods can significantly increase the amount a consumer spends at your store. This is according to a new infographic published by ReferralCandy today (April 24th), which shows omnichannel consumers spend 93 per cent more than those who shop exclusively online or in physical stores. Omnichannel retail is all about combining the separate ecommerce and offline marketing and sales routes. For these purposes, we consider online to inc...
  • Most businesses are going mobile - are you? | Paymentsense

    With analysts suggesting mobile internet usage will outstrip desktop surfing at some point next year, it is becoming increasingly important that businesses are aware of the impact a mobile presence can have. Indeed, a new infographic from the Infographic Design Team has presented the findings from Econsultancy’s latest Digital Trends Briefing, which showed mobile is considered to be the most exciting opportunity for B2C marketers in 2014. Furthermore, four-fifths of respondents said they believe...
  • Think email marketing is dead? Think again.

    Despite suggestions that email marketing is dying out as a way of contacting consumers and encouraging sales, it continues to produce one of the highest returns on investment (ROI) of any campaign type. According to an infographic published by Syndacast, the figure is as high as 4,300 per cent. So why then are so many analysts willing to readily dismiss it as a viable strategy' Well, this may have something to do with the fact less than four per cent of marketers rate their email campaigns as ex...
  • 94% of users mistrust poorly-designed sites | Paymentsense

    When was the last time you considered the aesthetic design of your website and how appealing it is to users' It’s a difficult question to answer really, because there are so many considerations to take on board it can be a real challenge to work out how you can even begin to quantify this. We’re constantly told to scale down images to reduce load speeds, with several studies suggesting the majority of users will abandon a site if pages take more than three seconds to load. However, it appears ...
  • Staying ahead of the social media commerce curve in 2014

    Social media is becoming increasingly important for retailers and the sites themselves seem to be constantly developing and introducing new functions. New research conducted by social commerce firm loudbounce has highlighted the ways in which the online retail landscape has changed since the mass take up of social media and the company’s latest infographic presents a series of predictions for 2014. Firstly, it is expected that businesses will shy away from creating their own original content, in...
  • 10 reasons why people follow your brand on Twitter

    Social media has become increasingly prevalent in recent years and it seems like not a week goes by these days without a story of a brand wittily engaging with a customer on Twitter going viral. Early last month, the @ArgosHelpers handle of the high-street retailer quickly gained more than 1,500 new followers after it used a series of slang terms to reply in kind to an enquiry presented in this manner. Now, an infographic published by Twitter has highlighted research conducted by Nielsen, which ...
  • UK retailers demonstrating

    Since the global financial crisis of 2008 and the subsequent deep recession endured in the UK, a number of high profile firms have been forced into administration and can no longer be found on our high streets. A bleak picture has been painted of the British retail landscape for some time now, but latest research has revealed somewhat of a renaissance, with the vast majority of premises vacated now home to trading once more. Critics have claimed the former shops are being filled in most cases by...
  • Is shopping cart abandonment costing you business? | Paymentsense

    When you’re first starting out as an online retailer, it can be difficult enough to get people to even visit your site, let alone complete a sale. The last thing you need is potential customers abandoning a purchase part-way through the process. If you’ve managed to get the consumer onto your site and interested enough in the product or service you are offering to add it to their cart, it is vital to ensure they complete the transaction. After all, this is the only way to guarantee your busines...
  • Study predicts strong retail market over Easter | Paymentsense

    Easter is fast approaching, making this the perfect time for retailers to take a moment to consider if they are suitably prepared for this key shopping period. New research commissioned by Webloyalty has suggested the retail market over this holiday will demonstrate growth of 3.2 per cent when compared to 2013. This news may come as a surprise to many, as a number of analysts have presented a downbeat view of consumer confidence and personal finances in the UK. The strongest increases are set t...
  • Figures show surge in retail sales in February | Paymentsense

    UK retailers witnessed a rebound in sales last month, recovering from the slump recorded in the post-Christmas period, figures published by the Office for National Statistics (ONS) have revealed today (March 27th). Following a revised drop of two per cent in January, sales volumes rebounded by 1.7 per cent in February. When compared to the same month in 2012, an annual gain of 3.7 per cent was recorded. These results are much higher than the consensus estimates, which suggested monthly and year...
  • UK firms need to address late payment issues

    For small businesses in the UK, there can be few more irksome issues than late payments, which mess things up in all sorts of ways. Yet despite this being the case, an incredibly high number of firms are willing to write off the money, even though it amounts to a whopping £32.5 billion across the country each year. In fact, as much as £2.4 billion is being written off a month, which is remarkable and goes to show the extent of the problem. A recent survey of 1,000 tradespeople revealed that 75 p...
  • UK set for new card payment innovation

    A new scheme unveiled by three of the country’s biggest mobile network providers could lead to a mini-revolution in the card payment industry. The innovation allows consumers in the UK to pay for everyday items like a sandwich or a bus ticket by simply tapping their smartphone on a card reader. Vodafone, O2 and EE all hope that the technology will mark a new era for card payments, making the process of paying for moderately-priced services and goods more straightforward than ever before. Compani...
  • Online spending continues to rise | Paymentsense

    A new report has confirmed that the online retail industry in the UK continues to go from strength to strength, with figures showing that January was especially fruitful. The study, conducted by IMRG Capgemini, revealed that online sales increased 18 per cent in the month to £8.1 billion during January 2014. What’s more, it’s been confirmed that the average basket values increased to £78 during the month. Reflecting on the performance during the month, Tina Spooner, the chief information officer...
  • Time for small businesses to take big risks | Paymentsense

    Small and medium-sized enterprises (SMEs) in the UK have been told that now is the time to take risks and make bold decisions for the future. The call has come from Stephen Watson, the chief executive of the Business Growth Fund, who has stressed the need to be assertive and ambitious in order to safeguard the future of businesses throughout the country. He observed that business investment is needed in order to drive the domestic economy and said that now is the perfect time to invest. “I don’t...
  • SMEs reveal rising optimism levels

    A new survey has revealed rising levels of optimism among the UK’s small and medium-sized business (SME) community. The research, conducted by BDRC Continental, found that 21 per cent of SMEs in the fourth quarter of 2013 considered the economic climate to represent an obstacle to the growth of their firm. This figure is down from a peak of 37 per cent in the first quarter of 2012. What’s more, the research shows that while this remains the main issue in the eyes of SMEs, among some firms it is ...
  • Female entrepreneurs turn to the high street | Paymentsense

    The UK’s high streets have seen an incredible number of women starting up businesses, according to new figures from the Federation of Small Businesses (FSB). Some 49.5 per cent of small firms created in the past two years in retail, or hotels, catering and leisure are owned primarily by women, which marks a dramatic contrast from the situation two decades ago. In 1994, in fact, just 24 per cent of these businesses were primarily female owned. More specifically, research conducted by the FSB obs...
  • Report underlines importance of Super Shoppers | Paymentsense

    A new report has revealed that around a fifth of UK consumers account for nearly three quarters of all retail spend. The study, conducted by Deloitte, shows that this demographic increasingly makes their purchases using mobile devices, such as a tablet or smartphone. Known as Super Shoppers, this group accounts for 70 per cent of all UK retail spending, which is equivalent to more than £200 billion in 2013. This is despite the fact that they make up less than a fifth of the overall population. T...
  • Online shopping top development of the century | Paymentsense

    A new poll has revealed that Brits consider online shopping to be the biggest technological development of the 21st century. According to respondents, the ability to buy goods over the internet rather than having to walk into a store had the biggest impact on their lives, ahead of things like online banking. Despite this, the research noted that Brits are often slow to embrace new technology – some 92 per cent of people will not try a new piece of kit until they have seen others do so. This mean...
  • SMEs acknowledge rising importance of social media

    A new report has underlined the increasing importance that social media – and Twitter, in particular – plays in driving website traffic for small businesses. Firms throughout the UK are slowly waking up to the fact that content marketing and other forms of web-based campaigns are key to the success of their operation. Indeed, many are increasing their marketing budgets in recognition of the fact that more and more business is being done over the internet. Some 56 per cent of small and medium-siz...
  • Age breeds confidence in business start-ups | Paymentsense

    A new survey has suggested that the older people get, the more confident they are in their ability to start a business in the UK. Indeed, the report – produced by O2 – noted that many more people over the age of 55 are confident that they can achieve this than those aged between 18 and 24 years. What’s more, the study confirmed that the older generation has more resources at its disposal to devote to their business. Research found that they are less likely to see time (ten per cent) and money (1...
  • BDO: Business optimism hits 22-year high | Paymentsense

    A new report has revealed that business optimism in the UK is, in fact, now higher than has been the case at any point over the last two decades. Indeed, the study – produced by BDO – found that business optimism is at its highest point in 22 years, giving further credence to suggestions that the broader economy is on the rise. And according to BDO, further growth will be seen in the next six months, which is likely to lead to another upturn in the economy. BDO noted that an improving mood is su...
  • Asos announces healthy sales figures | Paymentsense

    New figures from one of the UK’s largest online retailers has suggested that growth in the sector will not slow anytime soon. Over the last few years, of course, the online retail industry has eaten into the market share of the traditional high street, which has struggled to survive under the weight of such intense competition. Increasingly, it seems like consumers are drawn to the idea of shopping online, which means they are not dictated by regular opening and closing times. What’s more, there...
  • Auto Draft

    Increased retail spending is set to continue through the rest of 2014, according to a new study by TotallyMoney.com and the Centre for Retail Research. Indeed, the report has suggested that consumers will spend more than £86 billion on credit cards in this time frame and they will carry out 54 million additional retail transactions. The report notes that this will represent an eight per cent increase on credit card retail spend in 2013, when the grand total hit £380 billion. What’s more, the rep...
  • Support announced for small business community|Paymentsense

    The government has announced the details of a raft of new measures that are designed to help the country’s small business community. It has been suggested that the changes could help to save entrepreneurs tens of thousands of pounds on an annual basis. Prime minister David Cameron spoke about these measures at a speech given at the Federation of Small Business. Among the changes being introduced by the government are the revisions to business rates, with Mr Cameron explaining that there will be ...
  • Auto Draft

    A new report, produced by Visa Europe, has underlined the increasing preference of UK consumers to buy goods using plastic. The firm revealed that spending with UK Visa credit, debit, commercial and prepaid cards in 2013 rose by 9.2 per cent to £445 billion. More specifically, the report observed that spending using Visa debit increased by 9.3 per cent on the previous year, while debit payments represented more than 80 per cent of Visa Europe’s business in the UK. What’s more, the firm boasts th...
  • Auto Draft

    A new study has revealed that small and medium-sized enterprises (SMEs) in the UK are optimistic about the coming 12 months, with recent figures suggesting that the economy is on the rise. Some 69 per cent of business owners are of the view that the economy will not decline in 2014, the study conducted by Bibby Financial Services said. The survey canvassed the opinions of 1,000 businesses in the UK and found that 58 per cent expect to at least see steady growth in the coming 12 months. A fifth, ...
  • Online shopping is on the march says expert | Paymentsense

    The UK retail industry currently finds itself in the midst of a mini revolution, with the online sphere gradually overtaking the traditional high street as the dominant force. Increasingly, consumers are of the view that shopping online is the preferred option, in part because they will not be dictated to by traditional opening and closing times, and also because it is significantly less time consuming than the alternative. What’s more, there is growing trust in online payment methods, which unt...
  • Study reveals rise of card payments

    A new study has revealed that more money was spent using card payments on Friday (December 13th) than on any other day in the year. The report forecast that there were as many as 23.2 million transactions made using this payment method on this one day alone. Cumulatively, these are worth as much as £870 million, with around half of this figure being spent on credit cards (£400 million) and the remaining £470 million being spent on debit cards. What’s more, the report noted that credit card spend...
  • Online shopping is on the rise confirm Ofcom | Paymentsense

    A new report from Ofcom has confirmed that online shopping is on the rise in the UK, with figures showing that there was a 16 per cent rise in 2012 as compared to 2011. According to the research, the average spend was £1,175 compared to £1,017 the year before, which is actually more than double the average spend per head than was the case for other countries involved in the survey. What’s more, the research suggested that consumers in the UK are generally more confident in the security of these ...
  • Study reveals lingering concerns over NFC card payments

    A new report has suggested that a lack of awareness and trust in near field communication (NFC) payment technology is delaying its widespread adoption. The study, conducted by YouGov, found that only 35 per cent of adults in the UK are even aware of NFC-enabled devices, which goes to underline the extent of the problem. What’s more, the report found that nine per cent of mobile and smartphone owners know that their device is NFC-enabled, while 22 per cent have ever used it to make a payment. The...
  • Big Issue seller explains card payment benefits|Paymentsense

    Whereas card payments were once seen as an unusual, cutting-edge concept in the UK retail industry, it is becoming increasingly clear that it is difficult for businesses of all shapes and sizes to compete without embracing the idea. Recent studies show that Brits are spending more on plastic than ever before and most experts are of the belief that this trend will continue in the coming years, not least because online payments are now considered to be a pillar of the retail industry. And the perc...
  • Retailers told to expect spike in online shopping

    A new report has suggested that more than £1 billion will be spent online between Black Friday and Cyber Monday, two of the biggest dates in the recently revised retail calendar. The study, produced by eCoupons.com, the creator of CyberMonday,co,uk, said that more than £450 million would be spent on Monday (December 2nd) or £312,500 per minute. Matthew Cheng, founder of eCoupons.com and creator of the CyberMonday.co.uk, observed that retailers have really embraced the concept this year. And thi...
  • Families set to spend£3bn on gadgets | Paymentsense

    A new report has shed more light on the prospective consumer trends this Christmas, with research suggesting that parents will spend an average of £243 on electronic gifts for their kids. The study, conducted by uSwitch.com, said that on a collective basis, parents will be splashing out more than £3 billion on tech gifts for their kids. Some 16 per cent of respondents actually said that they will go even further and spend £400 or more on tech for their children this Christmas. The most want...
  • UK retail industry set for record-breaking day, says report

    UK consumers are expected to spend record sums shopping online on the busiest day for the retail industry in the run-up to Christmas 2013. Online shopping has risen in popularity in recent years, with consumers increasingly preferring the convenience of buying items from home or on the move rather than heading to the high street. And this is set to be underlined on Mega Monday, as it has been dubbed by Vista Europe. This will be the busiest online shopping day of the festive season, with a...
  • Vote for us to become ‘Public' Champion at the European Business Award

    We are competing for the title of ‘National Public Champion’ in this year’s European Business Awards and need your help to win. Paymentsense will be up against more than 30 other UK companies vying for the accolade of ‘National Public Champion’. To win the part of the competition as voted for by the public, we have submitted a video entry that you can watch and vote for online. You can view the video and vote for Paymentsense in this year’s awards on the European Business Awards site. Pa...
  • Contactless card payments predicted to rise | Paymentsense

    A new report has shed further light on the evolution of contactless card payment technology, which has helped to transform the retail experience for many shoppers over the last few years. Although some businesses have remained resistant to installing the technology, it is becoming increasingly difficult to maintain this stance as consumers have embraced the concept. And now, a new report from Juniper Research has found that 249 million cards will be used for contactless card payments in 2014...
  • Retailers urged to improve their websites | Paymentsense

    A new report has underlined the need for web retailers to ensure that their sites are in the best possible shape in terms of design and functionality. The study, conducted by PEER 1 Hosting, found that as many as seven out of ten of the UK’s online shoppers will be discouraged from spending this Christmas due to the quality of websites that they are browsing. Around 70 per cent of respondents said that they would do more of their Christmas shopping online if stores were better than they are ...
  • SMEs urged to embrace card payments

    New research has revealed that an alarming number of UK businesses do not accept card payments and therefore limit their potential earnings quite markedly. The study shows that almost two-thirds of small and medium-sized enterprises (SMEs) do not take debit or credit card payments and could be losing out on as much as £800 million in sales every year. It has been claimed that nearly one in ten firms lost more than £1,800 over the last 12 months simply because they refused to take card paymen...
  • Mobile payments are on the rise report shows | Paymentsense

    Mobile payments will form an increasingly important cornerstone of the UK economy, according to a new report from the Centre for Economic and British Research (Cebr). The research team has claimed that by the end of the current decade, there will be as many as 20 million adults using their mobiles to pay for goods and services. What’s more, the study said that the value of such purchases will triple to reach £14.2 billion in 2018, while it is speculated that mobile payments will represent 1....
  • Online spending drives UK's retail industry | Paymentsense

    Online sales rose by an average of 2.4 per cent over the past 10 months. Website payments are playing an increasingly prominent role in the UK retail industry, according to a new report, which observed that online shoppers drove continued growth during October. The report is based on research by MasterCard, which found that high-street consumers have made a conscious decision to rein in their spending ahead of Christmas, which is an expensive time of the year for everyone concerned. Master...
  • UK firms embrace contactless card payment technology

    Contactless card payments are on the rise in the UK, research shows. One of the UK’s largest retail firms has finally decided to bite the bullet and join the contactless payment revolution, which is slowly changing the buying-and-selling process on the high street. Boots has until now, resisted the temptation of contactless technology, but it seems that it has simply become impossible for the retailer to ignore. Indeed, a large number of the country’s biggest stores have already decided th...
  • Online payments up 14% year-on-year | Paymentsense

    The number of small and medium businesses in the UK has reached record levels, according to new government figures. There are now as many as 4.9 million businesses of this kind in the country, which collectively employ 14.4 million people and play an increasingly prominent role in the broader economy. Indeed, they boast a combined turnover of £1.6 billion, which is mightily impressive considering the turnover for all UK businesses amounts to £3.3 billion. The government observed that the n...
  • Small and medium businesses reach record levels

    The number of small and medium businesses in the UK has reached record levels, according to new government figures. There are now as many as 4.9 million businesses of this kind in the country, which collectively employ 14.4 million people and play an increasingly prominent role in the broader economy. Indeed, they boast a combined turnover of £1.6 billion, which is mightily impressive considering the turnover for all UK businesses amounts to £3.3 billion. The government observed that the n...
  • Non-bank lending to SME's reaches 5 year peak | Paymentsense

    A new report has confirmed that non-bank lending to small businesses in the UK has reached a five-year high. Research found that increasing number of enterprises are turning their attention to alternative forms of credit as a means of stimulating their operation. Lending by traditional banks has been on the decline for some time, but finance offered by peer-to-peer lenders and invoice financing has been heading in the other direction. In fact, in the last year alone, the UK’s commercial fi...
  • Online card spending on the rise survey shows | Paymentsense

    UK consumers spent as much as £3,370.00 online in the last year, according to a new survey of 2,000 online shoppers. Some 40 per cent of consumers shop online at least four times a month, the research found, with ten per cent of these saying in an average month, they purchased products online ten or more times. What’s more, the survey confirmed that almost 60 per cent of consumers shop online up to three times a month. The research also gave a more detailed breakdown of consumer spending, ...
  • Online payments driven by small audience segment | Paymentsense

    New research has revealed that around one per cent of online consumers contribute as much as 40 per cent of retail sales online. The claim, made by Qubit, a marketing platform, comes on the back of analysis of 950 million page views from more than 123 million website visits. The study suggests a sizeable amount of online marketing is wasted, or at least that it could be targeted more intelligently. What’s more, the research found that loyal users, otherwise known as ‘big spenders’, clicke...
  • Huge rise in online card payments predicted | Paymentsense

    Online retail is growing all the time, according to new research. A new report from industry researcher Verdict Retail has suggested that UK retailers are set for a bumper Christmas. It has, in fact, been claimed that ever-improving consumer confidence allied to a recent baby boom means that firms are in line for their most profitable Christmas since the onset of the recession in 2008. Verdict predicts that the fourth quarter will see consumer spending reach £88 billion, which is equivalen...
  • Consultation on late payments to SME's announced | Paymentsense

    Prime minister David Cameron has announced details of a consultation that is designed to ensure that small businesses up and down the country are paid on time. The move comes shortly after a poll, conducted by YouGov, revealed that 85 per cent of small firms – some of which are heavily reliant on card payments – had experienced late payment over the last two years. The figures confirmed the widely-held perspective that current government-backed measures are failing to achieve their intended ...
  • Mobile consumers prefer to shop from home | Paymentsense

    Tablets and smartphones are great for comparing prices in store but we’re much more at home making a purchase on the sofa. Consumers love to shop online and they just love to do it on their smartphone or tablet. But when it comes to actually making a purchasing, it seems that we’re much happier to checkout from home than when out on the high street, according to research. Patrick O’Brien, lead analyst at Verdict, said that it had been anticipated that the increasing popularity of these dev...
  • Online debit card use surpasses credit card | Paymentsense

    Consumers are increasingly turning to their debit card to make online payments. 2012 marked a landmark for the retail industry, with figures showing that debit card spending by online shoppers surpassed credit card use for the first time. That is according to a new report from the UK Card Association, which found that debit card spending last year reached £35 billion, while spending on credit cards tipped £34 billion. This marks a significant shift from the online retail industry in the UK, ...
  • Solve invoicing issues with a virtual terminal

    Forgotten invoices have cost SMEs as much as £3.7 billion. New research has underlined the importance of small and medium-sized enterprises (SMEs) staying on top of their administrative responsibilities. Indeed, the report, produced by business and finance software provider Exact, shows that businesses could be missing out on as much as £3.7 billion each year through forgotten invoices. The study centres on a survey of 450 SMEs and found that 20 per cent have forgotten to invoice for goods...
  • Paymentsense ranked 7th in the Tech Track 100 | Paymentsense

    Paymentsense has been ranked seventh in the Sunday Times Tech Track 100, the league table of the UK’s fastest-growing tech companies. We featured ahead of big names like Wonga, Skyscanner and social gaming company Mind Candy, and were the only payment provider to finish in the top 20. The prestigious league table is comprised of some of the country’s leading technology, media and telecoms businesses, and securing a top ten placing is a truly incredible achievement. With the National and Euro...
  • Who are the key players in card payment processing?

    Although to the untrained eye the processing of debt and credit card payments can seem like a straightforward transaction, there is actually a lot of unseen work that goes on. It is, in fact, a surprisingly convoluted, but reassuringly thorough, process. However, given the amounts of money that change hands every day through card payment schemes, this shouldn’t really come as a major surprise. Recent reports suggest that the number of transactions made using plastic has grown markedly in the l...
  • Debit & credit card payment popularity on rise | Paymentsense

    The unstoppable rise of debit and credit card payments has been underlined by a new set of figures, which serve to highlight the migration away from cash. Given the ease with which consumers can spend on plastic, it is perhaps easy to see the attraction and a new report from Mastercard, one of the world’s largest payment networks, has reinforced that point. That’s because figures from the firm show that Mastercard enjoyed a 21.1 per cent rise in second-quarter profit, with spending on its cr...
  • Online payments on the rise report confirms | Paymentsense

    Consumers are increasingly favouring website payments over shopping in high street stores. Mobile devices have had a dramatic impact on society in less than a decade, revolutionising the way in which we stay in touch with friends and family, while also helping to simplify everyday tasks like banking. But there are few spheres that have been more heavily influenced by the rise of mobile devices than the retail sector, which has witnessed a dramatic shift in recent times. iPhones and other such ...
  • Card payments become pillar retail sector | Paymentsense

    Brits’ increasing reliance on credit and debit card payments to navigate through difficult times has been underlined by a new report. Conducted by Santander, the study found that there has been a 60 per cent increase in credit card usage during the first quarter of 2013 compared to the same period in 2012. What’s more, the study confirmed that the total value of transactions made by the average card user during that time has increased by 37 per cent. Petrol stations, for instance, have seen ...
  • Mobile payment customers to soar to 44m in 2013 | Paymentsense

    Gartner has suggested the mobile payment market will strengthen over the next five years. The number of customers making mobile payments is set to surge 44.4 million in 2013, according to the latest data. Research from Gartner suggested global m-payment customers will rise from 200.8 million in 2012 to an impressive 245.2 million this year. It is also anticipated that western European m-payment transactions will increase from $19 billion (£12bn) last year to as much as $29 billion (£18.5bn) ...
  • Major retail survey reveals rise of card payments | Paymentsense

    A new report from the British Retail Consortium (BRC) has underlined the ever-increasing rise of online card payments. Figures show that British consumers did nearly ten per cent less shopping with cash, in terms of monetary value, in 2012 than in the year earlier. So while cash is still the most popular method of payment for customers in the UK, alternative methods like website payments are on the rise. What’s more, the report found that consumers preferred debit to credit cards as they trie...
  • Paymentsense pick up the pace once again | Paymentsense

    Some sort of summer has finally arrived and so everyone at Paymentsense is preparing for a couple of months of outdoor activities and adventures in the name of fun and fundraising. There are quite a few different events coming up throughout the summer months involving Paymentsense, but one of the first things we want to let you know about is Race for Life London. Race for Life is the UK’s biggest fight against cancer and the largest women-only fundraising event in the UK. Since Race for Life...
  • Consumers avoid shops that don't accept card | Paymentsense

    A new report has shown that shoppers continue to favour card payments and avoid stores where cards are not accepted. In recent years, the high streets of the UK have come under increasing pressure from web-based operations, all of which have the added advantage of being more accessible than their more traditional rivals. And the report from Judo has offered a further clue as to why consumers are migrating online to do their shopping, with research suggesting that more than 120 million transa...
  • Crystal Maze sales incentive update | Paymentsense

    The Crystal Maze sales incentive has now been running for a couple of weeks. Every day saw the three teams with the greatest number of Docs-In entering the dome and working hard to gather the most golden tickets. Chintan’s inbound team won the dome challenge the first week and Abi’s the following week. Both teams were rewarded for their efforts – and enjoyed the adulation and praise that was heaped upon them by their fellow Maze-mates. But the best has yet to come! Tomorrow sees the sta...
  • Expansion of Britain's online business community|Paymentsense

    The online business community is outperforming the economy as a whole. A new report has underlined the burgeoning state of Britain’s online business community, with figures showing that these firms are expanding more than 50 times faster than the economy as a whole. The study, produced by Barclays, shows that online sales increased by 10.1 per cent in the first week of April, as compared to a fall of 4.8 per cent across overall retail spending. Research found that the average online compan...
  • There's something a-maze-ing going on at Paymentsense...

    Please excuse the cringeworthy, although ultimately hilarious pun above, but there’s a real buzz around our new incentive scheme and it has driven everyone Crystal Crazy, as you’ll see at the bottom of the page. The new scheme is, if you haven’t already guessed, a Crystal Maze themed extravaganza that will see our brave teams battling it out over several weeks in order to win treasured crystals that will buy them time inside our very own inflatable crystal dome. Just like the thrilling game ...
  • UK is leading the online retail revolution

    Adults in the UK are at the forefront of the consumer revolution that has turned the traditional retail process on its head. Historically, Brits have looked to the high street to buy their goods – but they are now increasingly turning to the internet to satisfy their demands. This perception is underlined by a new report from influential research firm Forrester, which has confirmed that UK-based adults are among the most connected citizens in Europe. What’s more, the firm found that they a...
  • Brits can't resist temptation to shop online | Paymentsense

    We spend £4,000 a year online while at work – is your business making the most of online' A new report has revealed that Brits simply cannot resist the temptation to shop online, even when they should be concentrating on other things. The study, conducted by Sheilas’ Wheels home insurance, confirmed that Britons are spending almost £4,000 a year online while at work. On average, consumers spend £314 a month from the comfort of their desk, according to the study, which found that more than h...
  • Lifting the lid on life at Paymentsense | Paymentsense

    Check out our latest videos to see what we get up to here at Paymentsense. A few weeks ago we promised to give you an insight into how we work here at Paymentsense and true to our word we’ve done just that. And rather than just tell you what working life is like here in boring old black and white format, we’ve created some videos that will introduce you to some of the key aspects of our business. Check out the clips on our careers page to get a glimpse into what goes on at PaymentSense. ...
  • Auto Draft

    Does your business make the most of new technology' New and affordable technology is seen as being key to growth. The UK’s small and medium-sized business community is increasingly keen to embrace new and affordable technology as a means of driving growth. That is according to a new study commissioned by TalkTalk Business, which was based on research conducted by the Institute of Chartered Accountants of England and Wales (ICAEW). Nearly 80 per cent of companies feel that technology play...
  • Card payments become pillar retail sector | Paymentsense

    Online shopping is taking off in the UK. The online sales market is on the rise – is your business ready to follow customers on to the web' With the rise of the mobile market, an increasing number of Brits are turning their attention away from the high street and are instead doing business with internet-based retailers. This widely-held perception is backed up by a recent report from the Office for National Statistics, which show that the online retail sector is expanding at an impressive ...
  • Auto Draft

    Using E-Signature technology seriously speeds up our application process. We’re not big fans of waiting around and we don’t like to keep our customers waiting either. That’s why we’re very pleased to announce that we now offer merchants real-time application processing with our E-Signature service. Here’s how it works. Our team complete the application on behalf of the merchant and it is then emailed across to be electronically signed with just a few clicks of a mouse. The process couldn’t ...
  • New to card processing? Join the club | Paymentsense

    ‘What do you know about card processing'’ Just over a month ago my response to this question would have been ‘not much at all’. Not being a business owner, my only experience of cards was using my debit or credit card to purchase everything from a cup of coffee to a two-week holiday. Pretty standard. But one month into my time here at PaymentSense and I’ve developed a rather geekish fascination with card terminals and can’t help checking the make, model and connection speed of every single car...
  • Special offers: Can they work for your business?

    Special offers are a great idea in many respects; it’s just learning to use them effectively. A good business will use offers to promote a new brand or service, and there are several ways to do it. Buy one, get one free This is probably one of the most commonly known offers in the history of offers, but this is because it’s very effective. It’s a great way of getting attention on new products people may not usually buy and also getting rid of old stock if you can afford to do it this way....
  • Ins and outs of selling online | Paymentsense

    Selling online isn’t for everyone, but it’s certainly something that you shouldn’t rule out unless you’ve really considered it. More and more people shop online these days and we are fast becoming a generation who would much rather get their goods delivered to the door than actually go out to the high street and look for them. Just about every household in the country has access to a computer and the range of internet services is so vast that the days of waiting for pages to load and other ass...
  • How to cope with bad finances | Paymentsense

    All businesses go through a tough time, and sometimes things get can take a turn for the worse, resulting in insolvency and sometimes bankruptcy. However, you can take steps to prevent this happening. There are many tips to avoid insolvency and in this article we examine a few of them to see how they can help. Initial assessment To begin with, you’ll never know what’s coming if you don’t make regular assessments of your business’ progress. You should ideally be working to a business plan, so ...
  • Merchant accounts explained | Paymentsense

    The following article aims to give you some knowledge on exactly how a merchant account works and what it can do for you. It’s all very well signing up for these things, but if you don’t know the ins and outs you could be setting yourself up with the wrong payment processing company. It’s important to ask the right questions when it comes to signing a contract for a merchant account. What is a merchant account' A merchant account with an independent payment processor is basically an account ...
  • The PDQ card machine

    A PDQ machine is something that you will see on your travels many times each day, especially if you go shopping a lot. It’s simply a machine that takes payments from debit and credit cards. It has become very popular over the last ten or so years and has virtually taken over the world of payments altogether. People are using their debit cards more and more these days. Whether this is because more and more businesses have decided to use PDQ machines or whether it’s simply because the debit ca...
  • The best merchant accounts | PaymentSense

    The best merchant accounts are not necessarily the cheapest merchant accounts; although this certainly does help. There are several things you should be considering when you browse the plethora of merchant accounts available these days. Each of them seem to offer different features, but not all of them will be offering what you need. We’ve put together a simple checklist for you in order to ask the right questions when you call the various payment processors offering merchant accounts: How mu...
  • The Future of Payment Processing

    Getting phone payments is pretty much becoming the normal thing these days, and there are two main ways of doing it. The first is through a virtual terminal, and this has been a reliable source for many years now. The second is quite new, and this is payment via mobile phones – to mobile phones. The virtual terminal The virtual terminal only exists to the customer virtually. This is because when they’re paying via the phone they cannot be present at the point of sale like they would if they...
  • What is a PDQ Machine? | PaymentSense

    A PDQ machine, when discussing it in relation to payment processing, is basically a machine that processes data quickly. This is essential when it comes to payments simply because people don’t want to hang around in the store any longer than they have to; if you can make payments faster then you’re going to keep your customers happy. The old style When we talk about a PDQ machine we are of course referring to the card terminals that virtually every store has on its counter. The old way of proc...
  • Low Cost Card Processing | Paymentsense

    Whilst finding cheap card processing is important, it’s not the only thing you should be looking at when choosing an independent payment processing company to work with. There are a number of other factors that need to be considered, and if you don’t think about them, having the cheapest card processing won’t be much of a consolation. What is cheap card processing anyway' Cheap card processing is simply having a merchant account with an independent card processor that doesn’t cost you a fortun...
  • What's best: Limited Company or Sole Trader?

    It may not seem like an important decision to make in the beginning of your business life, but this is actually one of the most important decisions you will ever make when it comes to your business; and should usually be made based on an informed choice and with the help and advice of your accountant. This article is designed to give you a better idea about both and perhaps raise a few questions you may not have considered. With ownership comes responsibility When it comes to ownership of the...
  • Marketing for your coffee shop | Paymentsense

    Coffee shops are big business in the 21st century and they’re sure to become even bigger. The culture has become quite massive, and the coffee shop is the preferred meeting and get together point for many people, whether they’re shopping or meeting for business purposes. There is so much you can do for your business if you have an independent coffee shop, but you must not forget to market your new ideas effectively; this way you will maximise your profits. Marketing a coffee shop isn’t alway...
  • Thinking about trading on a market stall?

    Market stall trading is fast becoming a popular choice for those wanting to work for themselves. However, it’s not just as simple as getting a table full of stuff and hoping someone will come along and buy it. Know what to sell Many traders make the mistake of selling things that several others are selling. You don’t have to find something original but it does help to do a little market research before you commit to a supplier or do whatever you plan to in order to stock your stall with goo...
  • Understanding the relationship between marketing and advertising

    When you run a small business you will be expected to understand how to use marketing and advertising in order to succeed; even if you hire a professional you’re still going to need to know what they’re doing. There are many fundamental differences between advertising and marketing and it is important for you to be aware of this. Marketing is an essential tool in any business and there are a variety of methods professional marketing agencies and individuals use to not only raise brand awareness,...
  • The advantages and disadvantages of working from home | PaymentSense

    Running a business isn’t easy no matter where you operate, but many people are turning towards working from home as a viable and cost effective solution to running their own business.It doesn’t matter what your business is, it could be an internet based business, creative services, or even mail order. This article outlines some distinct advantages and disadvantages of working from home. Some of the main reasons people decide to work from home: Drastically improved work station. When you wor...
  • The benefits of hiring part time employees | Paymentsense

    Hiring part time employees has some distinct advantages. Not all businesses need to hire full time employees, particularly when expanding. To hire a full time employee is a considerable cost and commitment and if you don’t have the work for your employee to do you may not get value for money. Here are some of the main benefits associated with hiring part time employees: You get much more choice when it comes to recruiting part time employees. The job market opens right up because you are able...
  • Starting up a taxi or private hire business

    If you plan to start a taxi or private hire business then there are a number of things you should know and some regulations you should be aware of. This brief article aims to explain a few of them in more detail. First you must determine if you want to run a taxi business or a private hire business as there is a difference. Taxi driving Most taxi drivers are self employed and are given the opportunity to work wherever and whenever they like. If you’re going to be a taxi driver then it’s also ...
  • Improve Antique Shop profits by accepting cards | Paymentsense

    Everywhere you go these days you’re likely to see a card terminal on the counter. People have become very accustomed to paying for their goods and services with a debit card and are more happy to do so than ever before since they became more secure with Chip and PIN technology. However, there are still some shops out there that don’t feel as though they need to accept debit cards; this can be a dreadful mistake when you consider how much it actually costs to set up a merchant account and begin...
  • Tradesmen: Making payments easier for your customers

    Making it easier for your customers to pay will reflect well on your business with the service that you offer, it will also help your business to run more efficiently. Debit and credit cards Debit cards are now the preferred method for payment in the UK. In fact over the last ten years debit card usage has risen at four times the rate of overall spending. The main reason for this is that paying by debit cards is easy, safe and secure. Not only does card acceptance make your business appear m...
  • Increase the profits from your burger van | Paymentsense

    Your business might not seem the most obvious business to accept card payments, but if you own a burger van that sells fast food and drinks you will fast see the benefits from accepting payments by card. Why card payments for my business' If you think of all the high street fast food outlets you will notice that they all accept card payments. Whilst your business may deal predominantly in cash at the moment, if you offer payment by card as an option then you are likely see your orders increa...
  • Spending increase in leisure activities

    If you have a business that’s at all connected with the way people spend their free time then you will be pleased to hear that there has been a significant increase in the amount of money people are now prepared to spend on their leisure activities. Despite a very serious recession, people have still found the money to spend on themselves like never before. According to the Payments Council (those responsible for analysing how we are paid and how we spend it) have revealed that their studies ...
  • Training your staff to use card machines at Christmas

    Without going into how to use the various different types of card machine out there on the market today there are many other ways in which you can train your staff to use the card machine; and these ways are arguably more important than knowing how to switch the machine on. Customer service is important. Christmas time is a particularly important time to train your staff to be good with the customers and this will ensure that you get repeat customers and also new business into the New Year. ...
  • Christmas Shops: Improve your turnover | Paymentsense

    There are selections of shops that open up at Christmas time which are only open for a short period of time. If you run one of these stores or you’re planning to open one then it is important you are aware that accepting card payments can drastically improve your sales. Can I set up card payments before Christmas' The answer is yes, if you get the right payment processing company you can be accepting card payments in no time at all. It can take a little as five working days to get it all up and...
  • Does your pub accept debit cards? | Paymentsense

    Most pubs these days accept credit and debit cards, and this is for a very good reason. If you don’t accept cards yet, you may well be losing money to other places that do. This blog post is designed to help you understand the enormous benefits of accepting cards. Why accept cards in the pub when cash is the main payment method' This is a good question, and for years we would have agreed with you wholeheartedly. The public house has long been a place where cash has been the only recognisa...
  • Not happy with my payment processing provider | Paymentsense

    Many businesses get fed up with their payment processor for a variety of reasons and it’s not surprising when you review them. If you’re getting these kinds of problems then maybe you should consider switching your provider: Merchant fee is too high Non English speaking customer service Lack of 24hr customer service No replacement card machine service Poor quality card terminals Why should I put up with poor rates and poor customer service' There is no reason to put up with this po...
  • New ways to attract people to your market stall | Paymentsense

    If you’re a trader on the markets you are sure to get around a bit. How do you accept payments' I would imagine that it is mostly cash isn’t it' Well it needn’t be that way. How can I get new customers to my stall' When you set up your stall in the morning take a little time to examine your competitors. These include everyone around your market stall, not just those that sell the same goods and services you do. You are probably more than already aware that many people who shop on market stalls...
  • Hairdressing Salons need payment solutions | Paymentsense

    If you have a hairdressing business of any kind, whether it’s mobile or shop based you can always increase your business if you don’t accept credit and debit cards. If you already do accept debit and credit cards, you can still review what you are getting from your current payment processing supplier. Why should I accept debit cards for hairdressing' You may think that hairdressing is pretty much a cash industry, and you would have been correct many years ago. However, now that there are so ma...
  • Switch debit & credit card terminal provider | Paymentsense

    Well there is only one way to answer that. You have to look at the provider you are using at the moment and compare them. Credit card processing is as competitive as any other business in the modern world, and it’s important to keep a close eye on your current debit and credit card terminal supplier and their competitors. Paying too much' The most important thing is how much you’re paying for your debit and credit payment processing. It might not seem very high, but once you compare with ano...
  • Increase in Debit & Credit Payment Processing | Paymentsense

    As a direct result of Chip and PIN technology there came a landslide of debit and credit payment processing, the types of which could not have been predicted. Now the amount of people using their debit or credit card to make those everyday purchases has risen, and is expected to account for well over half of all transactions over the next five years. This is set to rise even more rapidly with the steady introduction of contactless technology and its new increased maximum spending limit of £15. ...
  • 20 mind-blowing marketing stats | Paymentsense

    If you’re starting a new business, it almost feels like you can’t avoid establishing an internet presence, almost regardless of the nature of your operations.
  • 25% of all searches conducted on mobile devices|Paymentsense

  • 4 out of 5 smartphone owners use them to shop | Paymentsense

  • 5 questions to ask a potential card processing provider

  • Why accepting cards is great for business | Paymentsense

  • Reasons businesses are better off card machines|Paymentsense

    Find out how a card machine can boost your business. It’s no secret that you can’t run a successful small business today without accepting credit and debit cards. Plastic payments have been around for decades now and have always been a quick and convenient way for people to pay when they’re out of cash. But accepting cards isn’t just about giving customers another way to pay; they play an important role in how people perceive your business and how they spend with you. The list below details ju...
  • Simple ways to make more from online stores | Paymentsense

    Read our tips on how to boost your web business. Check out our online payments packages > Last year UK consumers spent more than £90bn online and that figure is set to smash the £100bn mark by the end of 2014. To help you make the most from your site, we’ve put together some quick tips on how to boost your online business. 1) Design a simple but striking website Research shows that shoppers will make a judgment on the quality and credibility of your site within 50 milliseconds of arriving th...
  • 5 ways new businesses can boost web traffic | Paymentsense

    In the current day and age, it is virtually impossible for a new business to survive and thrive without a web presence. Even if you are not completing transactions online, this is one of the key ways in which consumers will become aware of what you can offer. There’s a lot of different ways you can attempt to generate traffic, but how do you know what is effective' Fortunately, Slickdot has published a new infographic highlighting the top five ways to boost traffic. Search Engine Optimisatio...
  • 66% of emails are opened on mobile devices | Paymentsense

    It has widely been acknowledged that email marketing is a key way of driving traffic to your website and it is not uncommon for companies to purchase contact details to expand their mailing lists. While sending out batch after batch of unsolicited emails to people who have never shown an interest in your business is unlikely to prove a successful tactic, the are obvious benefits to keeping your audience informed about your products and services. However, a new infographic from HubShout has highl...
  • Social media users expectations of brands | Paymentsense

    Social media is the ideal platform for businesses as it allows them not only to share original content to a much wider audience than previously possible, but also provides instant access to a significant source of feedback and insight. These channels allow for two-way broadcasts and the firms who utilise them in the best manner actively engage in conversations with the users. This drives brand loyalty and can be the difference between securing and losing a sale. However, businesses also need to...
  • 73% mobile searches result in purchase in-store|Paymentsense

    There was a lot of speculation around the time of the explosion of online retail that this would pose a serious threat to physical stores, with the number of people willing to fight the crowds to get their hands on the items they require dwindling. Similar fears were raised when it became clear that more and more consumers were using smartphones and tablet devices as part of their purchasing processes. However, new research has found consumers appear to be using this technology to extend their b...
  • 74% of consumers prefer contact via email | Paymentsense

    Emailing your customers could unlock huge sales potential for your business. Email has been around even longer than the world wide web and with the advent of social media and content marketing, it can be easy for businesses to overlook it as a channel for engaging with their audience. However, 61 per cent of marketers have identified email as either important or extremely important to their efforts and as such are improving the resources they commit to communicating in this way. This is just on...
  • 80% consumers research online before purchasing|Paymentsense

    Making sure your website ranks as high as possible in search engines has long been understood as one of the key aspects of ecommerce. However, a much newer development is local search, which has become more and more prevalent as Google has expanded its range of services. The search giant now provides maps and directions for consumers, and is continually revising its algorithms to ensure the quality of the results it provides to users. Local search is becoming increasingly important even as eco...