I'm setting up a business and require a business bank account. If i accept card payments are those classed as automated payments?
NATWEST, a UK bank charge £0.35p per automated transaction. Would accepting a card payment and the money being sent to my account be classed as an automated payment?
- JudyLv 71 month ago
- TavyLv 71 month ago
The banks charge for processing them
- 1 month ago
not sure whats classified as an "automated payment" by your bank but ANY money you take in via card will be charged the fee
for my business I get charged a percentage instead of a flat fee, which might be more cost effective for you if youre going to be taking a lot of transactions for small amounts. If youre doing mostly transactions with large amounts, a flat fee is better