If you're accepting card payments in the UK (especially from business or corporate cards) there's a good chance you're losing more in fees than you realise.
Business cards often carry interchange fees of 1.5–2.5%, compared to just 0.2–0.3% for personal cards. On top of that, you pay scheme fees, acquirer fees, and payment gateway costs (Stripe, Adyen, etc.).
All this quietly eats into your margins.
But here's the good news: 🔍 You’re legally allowed to surcharge business/corporate cards in the UK. 💡 Or you can guide customers to cheaper alternatives like bank transfers, open banking, or direct debit
So, what’s the step-by-step way to actually save on this?
Detect the card type at the moment of payment (Is it business/corporate or consumer?) If it’s a business card: Display the real processing cost (interchange + gateway) and surcharge the fee or encourage a cheaper payment method.
That first step -card detection- is where most businesses fall short.
At Feensure, we provide real-time BIN Lookup with:
95%+ business card coverage in the UK Business/consumer detection Interchange fee estimates by Visa/Mastercard Free plan available
You can try it out here:
🔗
🆓 ProductHunt deal:
🆓 F6S deal:
Happy to answer questions or go into more detail. We are part of the dev team, and we built this tool because we saw how badly merchants were losing money on invisible fees.
submitted by /u/dgunseli [comments]
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