Which card payment machine do I need?
SavingSmart offers two kinds of card payment terminal, with different rates and different uses. The size, type and location of your business, as well as the value of card payments you receive annually, are all key factors in deciding which kind of card payment machine is most suitable for you.
Contract-free card payment readers
Our smallest, cheapest card payment reader connects via Bluetooth to your smartphone and takes payments through a free app. This is available with no contract, for a one-off payment of £19+VAT and a 1.69% charge for every card payment you accept (even American Express).
This card reader is ideal for businesses which take card payments of less than £4,000 per month, such as sole traders and businesses-on-the-go. It is also available with a fast delivery time and no contract, so you can start using it within three days of buying it. You can email your customer a receipt too and all transactions are recorded in your account. You’ll also receive a monthly transaction summary by email, helping you to keep accurate records.
Monthly-fee card payment machines
Most larger static businesses who accept a high number of card payments every day would benefit from the conventional card payment machine that most of us are familiar with. They are available with WiFi or GPRS connection, as counter-top or portable devices.
In order to have one, businesses must apply, but don’t worry – SavingSmart will help you every step of the way. We will submit the application for you once you have decided which terminal and how many you require, and we will liaise with the service provider and supporting bank on your behalf.
Other points to bear in mind:
- Photo ID and supporting documents are required.
- Transaction fees are agreed and fixed for the life of the contract.
- Once processed, an electronic contract is emailed by the lease company for your signature and the terminal/s arrive within 48 hours.
- You will be invoiced monthly.
Understanding merchant services pricing
Accepting card payments has to be cost-effective for your business – we specialise in helping business owners find the right solution. If you have a significant card turnover, a monthly contract offers the best value. Transaction rates are much lower on a monthly contract if your business has a high number of transactions e.g. in restaurants, pubs, hotels and large retailers.
For those only taking card payments from time-to-time, the card reader is an excellent solution. No contract, no commitment and a flat rate transaction fee for all cards which is deducted from the payment to your bank account in a couple of days. Contactless and Applepay too! A simple, efficient way to take payments.
If you’re still not sure which card payment machine you need, simply give us a call and we can help you find the right solution for your business.
If you’re ready to lease a card payment machine, contact us and send us your latest statement here. To buy a card reader, visit our card payments page here , scroll down and click the ‘Order Now’ button. Alternatively, just call us on 01483 600943 or 07909 523 855 – you could have your new machine in as little as three days.