Contactless payment is now compulsory on all card machines, with British retailers, big and small, forced to offer the service.

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Install or fall

Visa and MasterCard are driving the scheme as part of their attempts to create a cashless society, and according to Mastercard;-

 

"from the beginning of 2016 any new payment terminal that gets deployed must accept contactless, and every single terminal must accept it by 2020."

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In essence this means that any terminals without the capability needed to be replaced by 1 January 2020. So, if you have a non-contactless machine, call us today and we can replace it for you. 

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No more minimum charge?

As it stands many independent retailers and corner shops have a £5 minimum spend policy, imposed to cover the charges placed by banks for processing the payments.

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Some believe this spells the end of these minimum charges, suggesting that “The compulsory introduction of tap and go payments in 2020 will discourage retailers from imposing a £5 minimum spend.”

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“Pubs and convenience stores especially are less likely to impose a minimum spend on contactless payments because it helps them cut queuing time and make more sales."

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As of 13 January 2018, retailers are now banned from charging extra for card payments.

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So, if you're using an old style card machine which doesn't take contactless, call us today on 0800 994 9040 and we'll discuss the options available to you