In today’s world, the use of cash to purchase goods and services is becoming less common. Most consumers have credit and debit cards Apple Pay or Google pay etc. The convenience of these card payments and not having to carry cash mean their prevalence is only ever likely to increase. As a business owner, You need to offer what your customers want and it’s a fact that most customers want to pay by card.
Whether you are a new business or an existing business that hasn’t taken card payments seriously now is the time to get a modern fast Card Machine and give your business a boost. When deciding which Card Machine is best for your business, there are a number of things to consider the type of card machine The running costs of the card machine and the transaction fees. There are a huge range of different card machines from very basic ones with no printer and very limited connectivity to high-end fast professional payment terminals with thermal printers, 4G and Wi-Fi connectivity. if you are only taking the odd payment then a cheaper machine is probably a better option for your business, but if you are doing any volume of transactions, then investing in the superior card machine is usually a good business decision not only improving productivity but also your business image.
Some card machine companies lease or rent card machines to businesses and often these agreements have long minimum terms sometimes up to 5 years. This usually works out a very expensive way of getting a Card Machine. Some providers like Payzing, sumup and zettle don’t offer leases or rentals. They sell their customers the card machine so after one initial payment There is no ongoing cost for the card terminal.
Transaction fees can vary greatly between different merchant banks with a range of different fees applicable to different providers. There is often a transaction fee which is a percentage of the transaction and authorisation fee which is often several pence some providers charge PTI fees or fees for viewing transactions or receiving statements it can be very complicated with a number of fees are quite often not mentioned at signup. Another thing to be careful of is that often Card Machine companies will increase the fees. They are charging a customer with very little notification. It’s very common for customers to not even notice that their fees have been increased multiple times and the deal they have now is nothing like the deal. They signed up to.
Payzing, try to keep their fees as simple as possible. We have two standard payment models which can be viewed (here Link) Our fees are fixed for three years, and we promised never to increase them without your written consent.
