Bank Brokers first launched its unique benchmarking and renegotiation services in Stockholm in 2008. Since then, the business has helped over 1,500 companies to reduce their bank charges.
Bank Brokers has worked in partnership with a range of companies in the hospitality and catering sector including…Rick Stein’s Seafood Restaurants, Company of Cooks, Grange Hotels, Celtic Manor Resort, Spudulike, Coffee1 and Vale Resort. A common area of focus for clients in hospitality and catering is merchant fees where they often deliver significant savings quickly.
Merchant Services is often seen as a commodity product by our clients (as opposed to their main banking relationship) and most FDs like the quick win nature this type of project brings.
Typically, they can deliver bottom-line savings within one month for limited effort from the client (they just need access to their current pricing and transaction data).
Here are a few of the exceptional testimonials from happy clients below
Our relationship with our bank has been further strengthened and we made substantial savings on our merchant fees.”
Carl Stockden, Finance Director, Celtic Manor
Bank Brokers were recommended to me by a close friend thus, Stein Trading & The Seafood Restaurant commissioned them to review our merchant services costs to ensure that we were receiving ‘best-in-class’ pricing. I was genuinely delighted by the outcome of the project: better pricing, complete transparency and all the work undertaken for us from start to finish. I highly recommend Bank Brokers’ services to all companies wishing to reduce their card processing costs.”
Neil McLeod, Finance Director, Rick Stein Group
We are truly delighted with the outcomes we have received from Bank Brokers. Once we had gathered the data, Bank Brokers took full responsibility for liaising with our acquirer. From the time they engaged with a dedicated point of contact through to delivery of revised contractual terms for our approval took three working days. Bank Brokers leverage has delivered significant savings for our business, exceeding our expectations alongside a genuinely enhanced relationship with our acquirer. We look forward to further strengthening our joint working relationship in other areas”.
Vernon Amor, Managing Director, Wye Valley Brewery Limited
We decided to commission Bank Brokers to review our merchant acquiring following attendance at an industry event. We were aware of the impending industry changes relating to the abolition of surcharging and the potential impact on our business. We were keen to ensure that we were positioned to minimise our card costs where we expect to see a migration from debit card to credit card. Bank Brokers’ knowledge, leverage and sector experience has delivered a truly compelling outcome with our existing merchant acquirers. Great people and great service. Thank you Bank Brokers!”
James Norton, Director, Toad Hall Cottages Limited
We approached and commissioned Bank Brokers to undertake a review of our card processing costs across the group. We benefited from their industry knowledge and were pleased with the detailed analysis and support provided. We would highly recommend Bank Brokers’ services to other organisations wanting to ensure they have fair market agreements in place.”
Chris Sullivan, Managing Partner (Finance), Crown Partnership
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Bank Brokers UK Ltd, Priory House, Sydenham Road, Guilford, Surrey. GU1 3RX