PDQ Rates

Looking at your business costs?

With only a glimmer of improvement in UK plc, now more than ever it is vitally important to keep your business costs down to a minimum. With more and more consumers paying for tiles and fixing services with their credit card it is worthwhile carrying out an exercise on how much your PDQ machine is costing you, and therefore reducing your profit margin.

We thought you may like to see a case study involving TTA member, Alltile Ceramics, who have just signed up to the TTA Barclaycard Preferential Scheme. Alltile Ceramics had contacted Barclaycard and were quoted 2.07% on consumer credit cards and 80.5p per debit card. They then called us for details of the TTA Scheme and were quoted 1.1795% on consumer cards and 19p per debit card.

These figures will give you an idea of the savings Alltile Ceramics have made by signing up:

Purchase value	2.07% charge	1.2% charge	Saving you
Ł500	Ł10.35	Ł5.90	Ł4.45
Ł1000	Ł20.70	Ł11.80	Ł8.90
Ł15000	Ł310.50	Ł176.93	Ł133.57
Ł25000	Ł517.50	Ł294.88	Ł222.62
Ł50000	Ł1035.00	Ł589.75	Ł445.25

Details of all the rates and possible savings:

PDQ Card Turnover per annum	Credit Card Rate	Debit Card Rate *	Refund Charges
Less than Ł300,000	1.1795%	19p	19p
Ł301,000 to Ł750,000	1.1495%	17p	17p
Over Ł751,000	Priced individually	Priced individually	Priced individually

The TTA Barclaycard Scheme has no joining fee for TTA members, Ł150 for non members

*Debit card transactions are a set cost per transaction
Refund charges are for both Credit & Debit card refunds & are a set cost per transaction

Commercial Credit Cards: 1.80%

Terminal Rental: Ł14.95 + VAT per month for a countertop terminal, Ł24.95 + VAT per month for a portable terminal

Non secure transactions are charged at 0.5%

Incidentally, we undertook an exercise on our PDQ costings and calculated that by using the TTA Barclaycard Preferential Scheme we had saved Ł270.78 over a 12 month period to April 2010.