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Increasingly, the United Kingdom is becoming a vital market for the global minded e-business and direct marketing professionals. Whether you sell online, through a catalog or both - with Chase Paymentech, you can offer a card that is held by more than 23 million UK consumers. Accepting the Switch card can expand your market reach and is available as part of our seamless international processing.
Switch is the largest private label debit card used in the United Kingdom, with more than 23.3 million cards issued. Solo is Switch's sister brand, directed at a younger audience, with more than 6.93 million cards issued. In 2002, Switch processed more than 1.4 billion transactions.
Both Switch and Solo cards are domestic to the United Kingdom, so they process in British Pounds Sterling. Maestro co-branded Switch cards can also be used throughout Europe. In fact, Switch is migrating its brand to Maestro, MasterCard's European debit card. The migration is ongoing and expected to be complete by mid-2007. No similar migration is planned for the Solo card, which will remain a UK-domestic only card type.
Since the Switch and Solo cards are domestic debit cards, there are no interchange or discount fees connected to the transactions. Chase Paymentech provides Switch and Solo processing for a modest transaction fee.
Like all our international currency processing, you can submit Switch and Solo transactions directly to us with all your other transactions, streamlining your operations. Or, you can obtain real-time authorizations of Switch and Solo card transactions. You can even process Switch and Solo cards through our Orbital Gateway Service over the Internet
We have been processing Switch and Solo transactions since 1996 and were the first U.S. acquirer to support the Switch and Solo card. It's just one of our many global solutions that help you expand your marketplace simply and easily.
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