Tips for Choosing the Most Effective Credit Card Processing Machine in the UK

Did 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.

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