The Better Alternative to a Card Payment as a Hospitality Business
Reduced transaction fees with minimal monthly payments, with no chargeback risk for your event organiser service
A Card Payment Costs Both Parties
If you’re accepting card payments from your customers you’ll know the costly fees that are involved, the average of which can be seen below:
Transaction Fees – 1-3%
Merchant Account Fees – £5-£15 per month
Card Machine Purchase – £20-£80 plus setup costs
Monthly Service Fees – £10-£20 per month
Chargebacks – £10-£20 (plus the value of transaction)
TrustistTransfer eliminates a lot of these charges by offering a payment collection service on your mobile phone, removing the need for a card machine. Chargeback risks are eliminated and fraud is non existent with the safety of TrustistTransfer and Open Banking,
With TrustistTransfer, transaction fees start as low as 0.29%, meaning you’re saving money which can be reinvested into your business.
How TrustistTransfer Works
What Can TrustistTransfer do For a Hospitality Business?
With TrustistTransfer, you can collect payments easier than ever by using your mobile device, face-to-face using a unique QR code or pay link using Open Banking. Completely removing the need for PDQ machines and credit/debit cards entirely, creating a more streamline, efficient process.
How Easy is it?
- Input the Transaction Amount.
- Present the QR code/pay link to the customer.
- The customer scans/follows the link.
- The customer makes the payment on their mobile device.
How Can Your Hospitality Business Benefit?
TrustistTransfer is a more secure way for a hospitality business to collect payments and for consumers to make payments. The popularity of Open Banking is rising due to reduced transaction fees, reduced fraud and no chargeback risk – it’s the best alternative to a card payment!
The Benefits For You And Your Customer:
A customer only has to give permission once with TrustistTransfer, then they can easily pay, without the hassle of credit/debit cards or entering their bank details.
By using TrustistTransfer and Open Banking you can experience reduced transaction fees allowing you to save more of your money to invest back into your business.
Offering your customers the right payment methods is more important than ever, and can bring you a step ahead of the competition. Providing easy payment methods for your customers is guaranteed to increase the chances of them coming back to your business time and time again.
Customers using Open Banking feel more secure using a familiar option for payment – their own bank account and details. Merchants are more secure too as they can avoid the risk of chargebacks.