Why are card payments so expensive?

The kbbreview Podcast · Jan 17, 2023 · 20m

Welcome to the kbbreview Podcast and this is a brand new season for a brand new year. It's Episode One of Season Seven, it's 2023 and your host is still Andy Davies, you're stuck with that we're afraid.

However, we've got such an interesting episode to kick the year off with as it doesn't get more important than getting the money off the customer and into your bank account.

But when it comes to card payments, why do kbb retailers have to pay such comparatively high fees? And that's after all the hoops you have to jump through to get an account with a provider at all.

It turns out that kbb…