Tyl by NatWest signs new payments partnership with FSB

By Gloria Methri

NatWest Group has announced a new payments partnership with the Federation of Small Businesses (FSB). The partnership builds on NatWest Group’s long-standing relationship with the organisation.

FSB members will see cost savings and other benefits by signing up with Tyl. NatWest claims that 8 out of 10 businesses could save on fees when switching from an existing card payment provider to Tyl NatWest.

For the smallest businesses, Tyl offers a simple fee structure based on one low rate for personal card transactions and one for all other transactions. For bigger businesses, Tyl offers a range of different fees to fit the business’s needs.

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
• Tyl Portal for access to constantly updated sales data
• 7 day a week UK-based service and support line
• Available now, FSB members could be up and running with Tyl in just 48 hours.

James Holian, Head of Business Banking at NatWest, said, “FSB and NatWest share an ambition to provide strong support for the growth of entrepreneurship and small businesses in the UK, and we are excited and proud to partner with FSB in payments services for its members.”

Mike Elliff, CEO, Tyl by NatWest said, “Small businesses are critical for our economy and our communities. At a time when 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.”

Caroline Lavelle, Chief Commercial Officer, FSB, said, “I am 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 UK small business community continue to navigate the increasing cost of trading, an opportunity to make savings on payments, which is core to every business, will be well-received.”