--- title: "The PSR’s Remedies on the Merchant Acquirer Market: What Do They Mean?" description: Find out more about how the PSR plans to change the Merchant Acquirer Market for the better. 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Partner with us - Shift - About - Resources - Support - [Developers ](https://developer.cashflows.com/) [ Login ](https://www.cashflows.com/login) [ Contact sales ](https://www.cashflows.com/contact) Back [![payment-processing-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/payment-processing-icon.svg) #### Payment Processing Fast, secure, easy - card processing to support your business ](https://www.cashflows.com/solutions/payment-processing) ##### Features #### [Anytime Settlement Get access to your funds within hours](https://www.cashflows.com/solutions/anytime-settlement) #### [Account Updater Automatically update lost or stolen card details](https://www.cashflows.com/solutions/account-updater) #### [Direct Send Pay out to card in minutes](https://www.cashflows.com/solutions/instant-payout) #### [3D Secure V2.2 Get ready for two-factor authentication](https://www.cashflows.com/solutions/3d-secure) #### [Network Tokens Revolutionizing digital transactions](https://www.cashflows.com/solutions/network-tokens) Back [![payments-in-person-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/payments-in-person-icon.svg) #### In-Person Payments All you need for taking card payments in person ](https://www.cashflows.com/solutions/point-of-sale) ##### Features #### [SUNMI P3 Seamless, secure and speedy payments](https://www.cashflows.com/solutions/sunmi-p3) #### [SUNMI P2 SE Smart POS with the power of Android](https://www.cashflows.com/solutions/sunmi-p2-se) #### [SUNMI P3 Mix All-in-one POS solution for business](https://www.cashflows.com/solutions/sunmi-p3-mix) #### [Countertop card machine Castles Vega Countertop specifications](https://www.cashflows.com/countertop-card-machine) #### [Mobile card machine Castles Vega 3000 Mobile specifications](https://www.cashflows.com/mobile-card-payment-machine) #### [Smart POS card machine Castles Saturn 1000 F2 specifications](https://www.cashflows.com/smart-pos-card-machine) #### [Compare Card Machines Compare our latest card machines](https://www.cashflows.com/compare-card-machines) Back [![online-payments-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/online-payments-icon.svg) #### Payment Gateway Start taking payments online today ](https://www.cashflows.com/solutions/online-payments) ##### Features #### [Hosted Checkout Easy, secure and compliant payments for your website](https://www.cashflows.com/solutions/hosted-checkout) #### [Virtual Terminal Phone payments made easy for your team](https://www.cashflows.com/solutions/virtual-terminal) #### [Pay by Link Take card payment on invoices and emails](https://www.cashflows.com/solutions/pay-by-link) #### [Cashflows Portal Access to your data and payment tools in real-time](https://www.cashflows.com/solutions/cashflows-portal) #### [Click to Pay The revolutionary digital wallet](https://www.cashflows.com/solutions/click-to-pay) Back [![CF NAV - Faster Customer Onboarding 2024](https://www.cashflows.com/hubfs/Icons/CF%20NAV%20-%20Faster%20Customer%20Onboarding%202024.svg) #### Fast Onboarding A game-changing tool that puts you in control of your customer applications ](https://www.cashflows.com/solutions/fast-onboarding) Back [![omnichannel-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/omnichannel-icon.svg) #### Omnichannel Take payments wherever your customers shop ](https://www.cashflows.com/solutions/omnichannel) ##### Features Back [![Cashflows Advance](https://www.cashflows.com/hubfs/Cashflows%20Advance.svg) #### Cashflows Advance Alternative business financing ](https://www.cashflows.com/solutions/cashflows_advance) Back [![CF NAV - Solutions for Sectors 2024](https://www.cashflows.com/hubfs/Icons/CF%20NAV%20-%20Solutions%20for%20Sectors%202024.svg) #### Solutions for sectors Your industry supported with card payments ](https://www.cashflows.com/solutions/solutions-for-sectors) ##### Features #### [Retailer payment systems Retail payment solutions to support your business.](https://www.cashflows.com/solutions/retail) #### [Insurance payment processing Seamless payment processing for Insurance, Brokers and MGA's.](https://www.cashflows.com/solutions/insurance) #### [Financial services payment solutions From recurring billing, to payout, we’re ready to support you.](https://www.cashflows.com/solutions/financial-services) #### [Veterinary payment systems Payments you can trust to help your business grow.](https://www.cashflows.com/solutions/vets) #### [Dental payment systems Seamless and secure systems for dental payments.](https://www.cashflows.com/dental-payment-systems-cashflows) [![arow](https://www.cashflows.com/hubfs/Group%2021%20(3).svg)Explore our blog library](https://www.cashflows.com/blog) [News](https://www.cashflows.com/blog/tag/news) [News & Announcements](https://www.cashflows.com/blog/tag/news-announcements) [Insights](https://www.cashflows.com/blog/tag/insights) # The PSR’s Remedies on the Merchant Acquirer Market: What Do They Mean? ![Greater transparency, greater engagement, and easier switching; PSR; PSR changes; payments changes; evolving payments; acquiring; merchant acquiring; acquiring banks](https://www.cashflows.com/hubfs/Blog%20post%20image%20PSR.jpg) [By Cashflows Press Team](https://www.cashflows.com/blog/author/cashflows-press-team) In January this year, the Payment Systems Regulator (PSR), which regulates UK payments systems to ensure compliance and fairness for all participants, outlined its vision to transform the card-acquiring market in a bid to make it work better for merchants. The proposal followed an in-depth market review that identified systematic competition issues for merchants with card turnovers of less than £50million. The PSR found that, under the current system, merchants may have been prevented from accessing the best deals due to a lack of market transparency and because of the complexity involved in switching between providers. Following the consultation, the PSR has proposed new remedies that will advance competition amongst merchant acquirers, improve the diversity of choice for merchants, and bring about greater transparency in the industry:   ##### Greater transparency Summary boxes containing bespoke key price and non-price information to go alongside new online quotation tools to help merchants compare prices and other service features more efficiently. ##### Greater engagement When a contract is up with a merchant acquirer, a message will be sent from providers to merchants prompting them to shop around, renegotiate their contract or switch to get a better deal. ##### Ability to easily change providers Contractual limits will be placed on Point of Sale (POS) terminal contracts, to ensure that merchants are not discouraged from searching for and switching providers.   One remedy that was initially proposed, direct measures to encourage Digital Comparison Tools (DCTs) for merchants, has been dropped. This is because the PSR believes that the newly proposed online quotation tools will be able to unlock opportunities and stimulate DCTs in the market without further regulatory intervention. Improving transparency and engagement across the merchant acquiring and processing industry is crucial for delivering continued innovation and to support small and medium sized business owners as they grow. Enacting change in our industry must however be done in a considered way, involving all payments industry stakeholders, to ensure the best possible outcome for everyone. Further to this, education will be what fosters greater understanding in the payment space. Transparency and education go together, and merchant acquirers should continue to offer counsel, advice and information where appropriate to facilitate informed decisions amongst merchants. Doing so will simultaneously encourage more effective partnerships between merchants and acquirers based on clear understanding, while the PSRs remedies encourage greater transparency in the market more broadly. We will continue to be proactively involved, sharing our feedback with the PSR at every step, and keeping you updated on any further developments, as well as informing, educating, and offering advice where appropriate to support our partners and customers across the country. ## Related Stories [![Cashflows partners with BigCommerce](https://www.cashflows.com/hubfs/CF213%20December%20Social%20Post%20V2.jpg) News News & Announcements Insights ## Cashflows partners with BigCommerce Last month, we announced our partnership with digital commerce platform, BigCommerce, a leading ... ](https://www.cashflows.com/blog/cashflows-partners-with-bigcommerce)