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credit card turonover percentage

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  • 28-04-2014 4:49pm
    #1
    jefft
    Registered Users Posts: 1 ✭


    Hi all

    I am in the proccess of starting a business and aib are looking for my projected card turnover to set up my merchant account. Its a cafe/ fast food outlet

    Does anyone have any rough idea of a percentage of sales taken on cards in this industry

    cheers
    Tagged:


Comments

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    #2
    jimmii
    Registered Users Posts: 14,810 ✭✭✭✭jimmii


    I would have thought it would be pretty low. Probably around 30% of turnover.


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    #3
    Peterdalkey
    Closed Accounts Posts: 2,091 ✭✭✭Peterdalkey


    3%?


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    #4
    pedroeibar1
    Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    It will depend on several things -e.g. the price of the average sale, the customer profile and the type of business split between on/off sales. Only you know that info..........


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    #5
    Mr. Flibble
    Registered Users Posts: 2,364 ✭✭✭Mr. Flibble


    I'd make up a number and wouldn't fret too much about it. I was asked when applying and made up a number, got the account and never heard about it again.


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