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Switch Review

 

Switch Company Information

 

About The Switch Company

Please Note: Switch is now Maestro

Switch is an all electronic debit card payment system that was founded in 1988, with 23.3 million card holders and 650,690 outlets. There are 31 member banks and building societies involved with Switch offering direct access to your current account 24 hours a day.


Switch U.K's leading debit card scheme is convenient, fast and secure with modern technology at your fingertips! !!


The Switch card is swiped through the retailer's terminal and this then electronically records details of the transaction and the card and then seeks authorisation - all within 5 seconds. The retailer's bank collects the daily transactions from the terminal and transfers the data to your bank via SwitchNet and then your account is automatically debited within a few days.


Switch is now accepted by over 650,690 outlets in the U.K!


Benefits to the Switch Outlet:

Switch's electronic checking and authorisation procedures reduce the risk of bounced cheques and forged bank notes and because Switch is electronic, it saves valuable time and effort in cashing - up, banking and book - keeping. Your account is automatically credited a few days after the transaction - a real cash-flow benefit!


Livingstone House
7th Floor
12 Finsbury Square
London
EC2A 1AS


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