The Cheapest Card Payment Machines for Your Small Business
When it comes to finding the cheapest card payment machines for your small business, there are a few key factors to consider. The card reader price, subscription or monthly fees, and transaction fees all play a role in determining the overall cost. For high-volume businesses such as subscription services, digital downloads, and online dropshipping, these costs can quickly add up. That’s why it’s important to carefully evaluate your options and choose the most affordable solution for your business.
Here are some of the top options for the cheapest card readers on the market:
Small Business Pro
Transaction fee: From 1.25 per cent per transaction
Small Business Pro offers a range of tools to help you run your business, including a low-cost payment solution powered by Stripe. For a monthly fee, you can access features such as built-in fraud detection, PCI compliance, and integrated customer management tools.
Transaction fee: 0.8 per cent + 2p (UK consumer cards) – 2.6 per cent + 2p (international and commercial cards)
With Revolut, you can create your own catalogue and access funds the next day, all for a one-time cost of £49.
Transaction fee: 1.10 per cent – 2.85 per cent + 7p transaction
MyPOS offers an integrated SIM card for 3G/4G connectivity, digital receipts, and instant payment settlement, with card reader prices starting at just £39.
Transaction fee: From 1.4 per cent + 5p transaction rate
Dojo Go provides next-day terminal delivery, instant fraud detection, and the option for a free terminal for the first three months with a qualifying turnover.
Tyl by NatWest
Transaction fee: 1.5 per cent (excluding Amex)
Tyl offers no charges for international card payments, no fees on refunds, and a range of devices starting at £9.99 per month, some of which are free for the first three months.
Transaction fee: 1.6 per cent per transaction
Barclaycard Anywhere covers up to £3,000 of exit fees from your current provider and offers up to 700 sales a day on a full charge, with the terminal costing £29.
Transaction fee: From 0.99 per cent
SumUp offers a free business account as your payout account, with free bank transfers and card reader costs ranging from £0-£49 per month.
Transaction fee: 1.75 per cent in-person payment
Square accepts Apple Pay and Google Pay, with no charge for payment dispute management and a two-year warranty on the card reader, which costs £19.
Transaction fee: 1.75 per cent per transaction (including Amex)
Zettle offers the ability to create and sell gift cards, point of sale integrations, and a card reader starting from £29.
All of these options provide affordable card reader solutions for small businesses, helping you to keep your costs down and improve your payment processes. So, carefully evaluate the features, fees, and benefits of each option to determine which one is the best fit for your business.
In addition, if you’re interested in learning more about card payments and how to get started taking them for your small business, be sure to check out our other articles on the topic:
– 10 card payment machines ideal for small business
– Five tips to get started taking card payments
– How to take a card payment over the phone using a virtual terminal
By taking the time to research and understand the best options for your business, you can ensure that you’re making the most cost-effective choice and providing a convenient payment experience for your customers.