* FSB members will have access to a range of simple, reliable and cost-effective payment solutions from Tyl by NatWest
In 2020,
Just last year NatWest announced a £1million partnership with FSB to provide NatWest business customers with access to independent support and education to help with the cost-of-living crisis via webinars, and 1-2-1 phone support and webchat.
FSB members will see cost savings and other benefits by signing up with Tyl, subject to eligibility criteria as part of the partnership. Insight from Tyl by NatWest found that 8 out of 10 businesses could save on fees when switching from an existing card payment provider to Tyl by NatWest.+
For the smallest businesses, Tyl offers a simple fee structure based on one low rate for personal card transactions (where the card is issued in the
In addition to the possible business savings, Tyl by NatWest could help FSB members with the day to day running of their business through features including:
* Choice of card machines or a phone app for in-person sales
* Take payments online or over the phone
* Payment links and QR codes to send out so you get paid quickly
* Simple bills and next business day settlement
*
* 7 day a week
* Tyl is part of NatWest which brings trust, security and experience to ensure safe payments
Available now, FSB members could be up and running with Tyl in just 48 hours.
"FSB and NatWest share an ambition to provide strong support for the growth of entrepreneurship and small businesses in the
"Small businesses are critical for our economy and our communities. At a time where the cost of trading is rising for small business owners, Tyl by NatWest is delighted to be able to partner with FSB to provide its members with a full range of cost-effective and reliable payment solutions, backed by great service."
"I'm delighted to form this partnership with Tyl by NatWest. We have a long-standing history of working with NatWest on various business initiatives and look forward to this next step in our relationship.
"As many of our members, and the wider
ENDS
Notes to editors
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* Based on the % of 10,550 businesses, with an annual turnover up to £1bn, that name a NatWest Group brand as their main bank (19%). Source: MarketVue Business Banking from
+ Savings based on customers looking to switch from various providers to Tyl between Jan and
About Tyl by NatWest
Tyl by NatWest is a payment partner for
Tyl by NatWest allows businesses to receive payments quickly and securely, wherever they and their customers are, offering straightforward customer on-boarding, simple pricing, and next working day settlement. With its access to data-led insights, Tyl by NatWest helps merchants make informed business decisions and create more meaningful customer relationships as they manage and grow their business.
Tyl by NatWest champions business as a force for good, building better communities across
About FSB
FSB is a non-profit, non-party-political organisation that offers its members a wide range of vital business services, including advice, financial expertise, support and a powerful voice heard in governments. Founded in 1974, FSB celebrates its 50th anniversary in 2024. More information is available at www.fsb.org.uk. You can follow us on X (formerly known as Twitter): @fsb_policy
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