its 2.9% + 20p
so £10 2.9% = 29p +20p = 49p
£20 2.9% = 58p + 20p = 78p
not being patronising, just trying to explain to ya
Thanks for the explanation.
My thoughts are that if a customer pays you by cheque and you pay bank charges (We pay 28p per cheque) then it is cheaper to have cheque payments.
We have just spent 2 months hammering home to customers to change to Standing order, approx 30% have changed to this method and its working great. We set the date of the SO to pay out 7 days from the expected week we are due, gives us time for bad weather and gives the customer time to make sure the work is completed (peace of mind really).
78p on a £20 payment is 3.9% of your Gross Income??