I'm setting up a business and require a business bank account. If i accept card payments are those classed as automated payments?

Question

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?

Answer 1

no..........................................

Answer 2

The banks charge for processing them

• Tavy

  Lv 7

  2 months agoReport

  You don't accept a card for anything under £5, which is what most businesses do.
  

Answer 3

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

• 2 months agoReport

  if you take in money from a card, youll be charged for it