7 Best Credit Card Machines for Small Business
Being a “cash only” business will cost you a significant number of sales and customers. Small businesses need credit card machines just like any other type of business. There are many online payment solutions that help you process customer payments. This is the reason why people regularly use their credit and debit cards for subscription services and online shopping. Therefore, you will eventually need to purchase a credit card reader for your small business. Here are our top five credit card machine providers for small businesses.
1. UTP
UTP is one of the leading suppliers of card payment terminals in the UK market. All their credit card machines use the latest security and technology, as they partner with one of the UK’s largest financial institutions, Barclaycard Payment Acceptance. If you want to accept credit and debit card payments with a card machine, our research found that the best card machine for small business is the UTP card machine, which has low cost, quick setup, and seamless card payment alternatives that help increase sales. UTP is faster than any other business in this sector because it fills your accounts on the same day.
The card reader for businesses from UTP features contactless technology and is equipped to process transactions worth up to £100. Additionally, UTP card readers have low transaction costs in the UK market, making them ideal for small businesses. UTP card readers are built with sleep mode features to extend the life of the batteries, providing vendors high battery backup while using portable or mobile card readers. Apart from card payment terminals, UTP offers maintenance services. Considering the positive reviews received for their customer service, purchasing their card readers for commercial use is not a problem. UTP is one of the best companies when it comes to customer service. Any business, big or small, can prevent problems related to service breaches by purchasing their services from UTP.
2. Square
Square is number two on our list of the top five card machines for small businesses. Square claims to be able to meet the needs of businesses of all sizes by providing a card reader small enough to fit in your pocket. Customers can use the Square app for Android and iOS devices to make purchases using contactless, chip and PIN, Apply Pay, Samsung Pay and Android Pay. The Square app provides detailed sales reports using data taken from real-time sales. By paying upfront, there is no contract period or monthly fees with Square. Offering personal transaction fees of 1.75% to 2.50%, they are a great option for small businesses that accept card payments.
3. Zettle by PayPal
Zettle by PayPal Card Reader is built to accept most types of card payments from all card readers. Zettle by PayPal card reader is stylish and available in white or black. The user-friendly Zettle by PayPal software has several advanced capabilities to process payments. Like most card readers, the Zettle by PayPal card reader connects to the mobile app via Bluetooth. Because you pay upfront for the card reader, Zettle by PayPal has a fixed 1.75% payment processing fee, regardless of whether customers use chip and PIN or contactless payment methods. As a result, there are no contracts or monthly costs. Zettle by PayPal is an adaptable payment solution for businesses of all sizes because it takes so many payment options, including cards, mobile payment systems, and PayPal.
4. SumUp Air
SumUp Air is your best option if you’re looking for an inexpensive card reader that you can use whenever you want, with no additional fees or monthly charges. With the SumUp Air Card Reader and free SumUp software, you can accept chip and PIN, contactless and mobile payments. The devices themselves have a straightforward, sophisticated design that is user-friendly. SumUp Air has no setup or delivery fees. You just need to buy the machine; after that, you will pay a flat rate of 1.69% for each individual transaction. SumUp’s pay-as-you-go solution means you only pay for what you receive, and it only takes 1–3 days for payment to be deposited into your own bank account.
5. myPOS
myPOS offers a wide range of card readers including portable readers and traditional PDQs. myPOS offers a variety of payment tools, including the inexpensive myPOS Go, the Android-powered myPOS Carbon, and myPOS Combo, and many features that small business users need. You can use myPOS app to accept payments with your phone. myPOS offers a few other add-ons, including multi-currency compatibility, instant card payment access, gift cards, and the option to earn money by charging phones through the device. Compared to other card readers, fees for using myPOS devices to accept payments range from 1.10% + 7p to 2.85% + 7p per transaction.
6. Takepayments
Takepayments offers payment solutions that can be customized to meet your business needs. They offer low rates on contract with a 12-month commitment, no set-up fees and payment terminals that are up and running within 24 hours. Takepayments can provide next-day settlements at no extra cost as most customers use payment partner Barclaycard. Their payment consultants will work with you to develop a custom solution that fits your business needs using a range of payment solution products such as card terminals, EPOS systems, app-based payment products and web design.
7. Worldpay
The benefits of Worldpay card readers for high turnover business are numerous. While the prices on WorldPay card machine’s basic plan aren’t particularly competitive, they offer low transaction costs for business with large monthly turnover. The WorldPay card machine is offered with an 18-month contract plan. The Worldpay payment option is more suitable for business at the larger end of the small business spectrum, because if your business has a high turnover, you can negotiate a custom plan and lower your card machine rates. Your business may collect payments over the phone, send links for remote payments, and send email invoices using the Worldpay app. Your business must generate an annual turnover of at least £20,000 to qualify for Worldpay’s customized fee plans. You can only use their Simplicity plan if your company’s annual revenue is less than this. It is important to be aware that when you are on a personalized plan you will pay more, if your monthly income is below £20,000.