Paying by debit cards and credit cards, especially using contactless payments, is becoming the norm. Increasingly people are no longer carrying cash and relying on their cards to pay for everything, even for less expensive items such as purchasing a cup of coffee.
Figures from the Banking & Payments Federation Ireland (BPFI) show that Irish people spend more on their debit cards than they withdraw as cash from an ATM. So it is not surprising that the value of debit and credit card transactions in the Republic continues to grow at record levels, fuelled by the popularity of contactless payments.
Despite the fact that Irish consumers spend more by card than cash, the Irish retail community is unusual in that many businesses remain highly cash-centric, this despite the fact that it is usually cheaper to accept €1 as a card payment over cash when costs are examined as a percentage of a merchant’s turnover.
This may be because it can be a little confusing when selecting a card machine as there is a wide choice of solutions and considerations to be made. This website is designed to help you make your selection. The information below is provided to help you understand the overall process involved in taking card payments.