Merchants who were paid by customers using a credit or debit card and which they processed over an HSBC card machine, referred to as a point of sale terminal, won cash prizes.

The initiative could benefit any merchant who between July 7 and August 31 processed customers’ cards – any Visa or MasterCard credit card, international debit cards as well as HSBC Quikcash – over an HSBC Point of Sale terminal.

During the eight-week period, two cash prizes of e350 each were won by the top two merchants registering the highest percentage increase in transactions over the previous week.

At the end of the campaign, the top merchant registering the highest overall percentage increase in transactions throughout the eight-week period won a bonus cash prize of e1,000.

In all, 17 merchants received recognition for increasing transactions processed over an HSBC point of sale terminal.

“Merchant card terminals are a secure and safe method of receiving payment for goods and services and help to improve business cash flow,” said HSBC’s head of commercial banking Richard Cottell.

“The cash prizes given out are HSBC’s way of thanking our clients for their business.”