Tips for Choosing the Most Effective Credit Card Processing Machine in the UK
by Compare Card Processing Ltd Cheapest Card Machine for Your BusinessDid
you know that over 60 million credit cards are in use in the UK? In fact, 81%
of adults aged 45 to 54 have at least one credit card, while 26% have up to
four. It’s no surprise that more and more people prefer paying using their
cards, and as a business, customers are more likely to trust you if you accept
cashless payments. But first, you’ll need a reliable and cheap card machine for the job.
How
to select a cheap card machine
for your business
·
Get
to know your options
Credit
card machines can vary depending on how they capture information. For instance,
chip-and-pin machines involve inserting a card into a small slot and asking its
holder to enter their PIN code. This method offers a high level of protection
against fraud, making it more secure than traditional swiping machines.
More
modern options, such as contactless machines, can capture credit card
information with a single tap. In addition to cards, these devices can accept
payments from smartphones and smartwatches.
·
Look
into the processing fees.
Every
credit card machine comes at a cost. In general, you will encounter fees for
application, setup, interchange, monthly statements, and monthly minimums.
Credit
card transaction fees can vary depending on the provider. For example, Zettle’s
Payment Terminal does not charge any monthly fees; however, there is a 1.75%
charge for every transaction.
·
Consider
the possibility of early contract termination
What
if you want to upgrade your old card machine or switch to a different provider?
Most card machines come with a contract period, and if you opt for early
termination, you may need to pay a cancellation fee.
Because
of this, you should consider choosing a machine with relatively low termination
fees. One great example is Barclaycard’s Flex, which has a cancellation cost of
£0.
Having
trouble finding the right card reader for your needs? Learn more about your
options through Compare Card Processing! With just a few clicks, you can get a
quote from different cheap card
machine providers
so you can choose the ideal solution for your business.
About the Author
Compare Card Processing
is an all brand card machine and payment merchant provider compression platform
situated at Wellingborough, in the state of Northants, the UK, since 2016.
Prominent card acceptance and price comparison site that specializes in mobile
card reader machines comparison of all brands also provides online payment
processing quote instantly.
Sponsor Ads
Created on Aug 8th 2023 02:46. Viewed 92 times.