Tyl, created by FinTech Alliance company Pollinate and NatWest, has cut fees to support micro businesses.
In Brief:
Tyl by NatWest offers a payments terminal for small businesses.
The PAX terminal is the cheapest standalone card machine currently available to small businesses in the UK.
Firms with revenue below £50,000 will have their transaction fees but from 1.65% to 1.5%.
In Brief:
Tyl has conducted a survey finding that almost nine in 10 small business owners are concerned by the cost of living crisis and its impact on their customers’ shopping decisions.
Mike Elliff, CEO of Tyl by NatWest, says the decision“highlights the importance of lowering costs where possible to ensure better financial performance and gives this important group of businesses the resources to survive”.
