EchoPay for Builders Merchants
How builders merchants can cut their costs with EchoPay open banking
Builders merchants face banking charges of 1.5% - 2% on every commercial card transaction they process. With some transactions running into the thousands of pounds – and hundreds of transactions taking place every day – it’s easy to see how these charges can escalate.
EchoPay open banking reduces these average costs from pounds to pence. By switching customers away from traditional card methods and onto cheaper open banking rails, builders merchants can save tens of thousands a year while offering a more convenient way to pay.