![]() The FCA does not necessarily regulate all business hire contracts. ![]() The terminal hire contracts can be for consumer hire and non-regulated hire. Merchant Rentals Limited is authorised and regulated by the FCA under FRN number 720500 for consumer hire. Handepay acts as a credit broker for terminal hire agreements, provided by Merchant Rentals Limited. Provided your card machine performs a reconciliation before 12am (midnight), you’ll receive settlement of funds the next banking day. The Next Day Banking Settlement service provided by EVO Payments UK incurs an additional fee of £4 a month on top of your acquiring service charges and fees. ![]() To be eligible for the 12-month terminal hire contract provided by Merchant Rentals Limited, you must be a new to acquiring customer using EVO Payments UK as your card acquirer, arranged through Handepay. To be eligible for the one month rolling terminal hire contract provided by Merchant Rentals Limited, customers must have switched from their current acquirer to EVO Payments UK, arranged through Handepay.
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