The Hidden Cost of Card Payments That Most Accountants Ignore
Running a business these days means almost everything goes through card machines or online payments. Cash is basically dead. But every tap, swipe or contactless payment comes with fees – and they add up faster than you think.
Most business owners just accept it as part of the cost. The problem is, a lot of accountants do too. They’ll sort your VAT and year-end accounts, but they rarely dig into your merchant fees or payment provider deals to see if you’re getting ripped off.
At Taff Accounts, we actually look at this stuff. We review your transaction costs properly and find ways to bring them down. We have a thorough review of this and other cost lines,
Take a Manchester café group we started working with last year. They were doing decent trade but bleeding money on their old card processing contract. We reviewed everything, renegotiated with the provider and made some smart changes. Result? We saved them £4,800 a year – straight back into their pocket.
That money made a real difference for them.
If your accountant isn’t talking to you about things like this, maybe it’s time for a fresh pair of eyes. I’m always happy to have a no-pressure chat about your transaction fees or even arrange for a cost-saving deepdive on your p&l; opportunities that could help your business.
Drop me a message if you want to see what’s possible.
Taff Accounts – Proper support for growing businesses.
Former Head of Commercial Finance at EG Group (£4bn+ UK turnover) and current Senior Finance Manager at Morrisons (£multi-billion General Merchandise, Clothing, Home, Pets, Health & Beauty, Baby and…
