Monday, December 01, 2003

Banksys lowers its fees

Leo van Hove sent me this link (in Dutch) which explains that Banksys is taking steps to improve its relations with merchants by:

- replacing individual contracts by standard contracts with better general conditions,

- lowering the monthly fee with 15 %,

- lowering the Proton commission from 0,7 to 0,55 %,

- waiving terminal installation fees in the first half year of 2004.

The cost of these measures is estimated to be 13,4 million euro.

The changes are the result of a satisfaction enquiry as well as an agreement with the Independent Union of Entrepreneurs. And Dirk Syx, delegated official of Banksys, formally commits himself to the implementation results.