Acquisition benchmarking delivers peer business cost transparency
Following a comprehensive review of merchant acquiring at The Quinta do Lago Country Club in the Algarve, Portugal undertaken in partnership with Bank Brokers UK, ongoing reviews have been scheduled.
The Quinta do Lago Country Club is the latest hospitality brand to make such an announcement following in the footsteps of over 2,000 market leading brands across Europe.
Miguel Sousa, Chief Financial Officer, Quinta do Lago spoke with us following the announcement and said: “We were introduced to Bank Brokers who were keen to undertake a payments review with our acquirer.
“Bank Brokers provided us with a detailed report and provided an independent market assessment. We were pleased to note that our current pricing compared favourably with our peers. Our business is growing, and we have therefore asked Bank Brokers to conduct a further review in 12 months’ time. We are highly impressed with their service proposition”.
The Quinta do Lago Country Club located in Quinta do Lago, in the heart of the Ria Formosa Nature Reserve, a wide pine landscape overlooking the Atlantic Ocean. This idyllic setting and close proximity to renowned golf courses provides a unique experience in an environment characterised by tranquillity and natural beauty.
In the video below Neil Fillbrook, Managing Director, Bank Brokers UK explains how the process works. A few minutes watching could save your hospitality business a lot of money.
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