![]() ![]() How card machines fit into a small businessĪlmost every small business you go to now has at least one card machine.Īnd with more customers than ever wanting to pay using a card, or contactless through a smartphone or device, it’s never been more important that you have the technology available to offer these types of payments to your customers. ![]() So make sure you know what you’re paying before signing up. These are charges like PCI compliance (or non-compliance) fees or minimum monthly service charge fees. You should also be aware of the hidden charges many card machine providers will try to put on top of your bill. ![]() Compare that to around 0.7% per transaction from a merchant provider. PAYG machines are often advertised as no monthly rental costs as a reason they’re cheaper - and there are no rental costs because you pay for the machine outright.īut, typically, the transaction rates on these machines is much higher than a machine with a contract, often coming in between 1.7% and 2.5% for every transaction. More advanced machines (which offer the kinds of functions most small businesses need) are closer to £200 minimum. If you’re looking for a really basic, entry level card machine, then in all honesty you might be better taking a PAYG option.īut they can quickly become more expensive than you imagined.įor example, many PAYG card machines can be purchased for around £20 - £30, just for the machine, and only for taking payments. How much will my small business card machine cost? ![]()
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