Does your business takes less than £1,000 a month on card payments?
Credit card readers may be the best solution because, although the card fees can be quite high and can vary between 1.5% – 2.75% per transaction for debit card or credit card, there’s no monthly fee and no contract.
Bear in mind that credit card fees are much lower within a contract, so 1.5% – 2.75% of your transaction value can soon make this a very expensive to take payments. Of course if you only need to accept card payments on an occasional basis then a credit card reader could be just perfect for you.
In addition to the high transaction fees, there are usually set-up fees of up to £100 for the appropriate card reader attachment.
Call us to discuss which is the best route to take and if this is the most cost effective way to start taking payments.