What Card Reader Has No Monthly Fees?

By Olivia Johnson - Trusted UK Business Expert

Last Updated 8th of October 2024

4 minute read

Are you looking for a cost-effective card reader with no monthly fees? You’re in the right place. We’ll help you find the best options that allow you to accept card payments without the burden of monthly charges. 

Card readers like Square, SumUp, and PayPal Here offer no monthly fees. These providers charge only per transaction, making them ideal for businesses that want to avoid ongoing costs. 

Want to know more about these card readers and how they can benefit your business? Keep reading to explore the details, features, and benefits of these cost-effective solutions. 

What Card Reader Has No Monthly Fees? 

Several card readers on the market come with no monthly fees, making them attractive for small businesses and individuals who want to accept card payments without incurring ongoing costs. The top options include Square, SumUp, and PayPal Here. These card readers only charge a fee per transaction, which can help you manage your expenses more efficiently. 

Square

Square is a popular choice for businesses of all sizes due to its straightforward pricing model and ease of use. With Square, you only pay a transaction fee of 2.6% + 10p per swipe, dip, or tap. There are no monthly fees, which makes it a great option for small businesses and startups. 

SumUp

SumUp is another excellent option for businesses looking for a card reader with no monthly fees. SumUp charges a flat rate of 1.69% per transaction. This low transaction fee, combined with the lack of monthly charges, makes SumUp an affordable choice for businesses of all types. 

PayPal Here

PayPal Here offers a flexible solution with no monthly fees. The transaction fee for PayPal Here is 2.75% per swipe, dip, or tap. PayPal Here is ideal for businesses that already use PayPal for online payments, providing a seamless integration between online and in-person sales. 

Let’s delve deeper into each of these card readers to understand their features, benefits, and how they can meet your business needs. 

Square 

Square offers a range of card readers, from simple mobile card readers that plug into your smartphone to more advanced terminals. Here are some key features: 

• Ease of Use: Square’s app is user-friendly and offers a variety of tools to manage sales, inventory, and customer information. 
• No Monthly Fees: You only pay per transaction, which is 2.6% + 10p. 
• Additional Features: Square provides detailed sales reports, invoicing, and integration with other business tools. 

SumUp 

SumUp focuses on simplicity and affordability. It’s a great option for small businesses that need a reliable card reader without breaking the bank. Key features include: 

• Flat Transaction Fee: SumUp charges a low transaction fee of 1.69%, which is one of the most competitive rates in the market. 
• No Monthly Fees: There are no hidden costs or monthly charges. 
• Portable Devices: SumUp offers compact, portable card readers that are perfect for on-the-go businesses. 

PayPal Here 

PayPal Here is ideal for businesses that already use PayPal. It integrates seamlessly with PayPal’s online services, offering a unified payment solution. Key features include: 

• No Monthly Fees: PayPal Here charges 2.75% per transaction with no monthly fees. 
• Integration: Syncs with your PayPal account, making it easy to manage both online and offline sales. 
• Versatile Payment Options: Accepts a wide range of payment methods, including contactless and chip cards. 

Comparing the Top Card Readers 

Here’s a quick comparison of the key features and fees of these top card readers: 

Benefits of Using a Card Reader with No Monthly Fees 

Using a card reader with no monthly fees offers several advantages: 

• Cost Savings: Eliminate ongoing costs, making it easier to manage your budget. 
• Flexibility: Only pay when you make a sale, which is ideal for businesses with fluctuating sales volumes. 
• Accessibility: These card readers are easy to set up and use, even for those without technical expertise. 
• Scalability: Suitable for businesses of all sizes, from startups to established enterprises. 

What to Consider When Choosing a Card Reader 

When selecting a card reader with no monthly fees, consider the following factors: 

1. Transaction Fees: Compare the per-transaction fees to find the most cost-effective option. 
2. Features: Ensure the card reader offers the necessary features, such as reporting, inventory management, and integrations. 
3. Compatibility: Check if the card reader is compatible with your existing systems and devices. 
4. Customer Support: Reliable customer support can be crucial for resolving issues quickly. 

Ready to choose a card reader with no monthly fees? Explore options from Square, SumUp, and PayPal Here today. Find the best solution for your business and start accepting card payments without the burden of monthly costs. 

FAQ

Are there really no monthly fees with these card readers? 

Yes, providers like Square, SumUp, and PayPal Here do not charge monthly fees. You only pay per transaction. 

Can I use these card readers for online payments? 

Yes, providers like Square and PayPal Here offer solutions for both in-person and online payments, making it easy to manage all your transactions in one place. 

How do I get started with a card reader? 

Simply sign up on the provider’s website, order your card reader, and follow the setup instructions provided. Most setups are quick and straightforward. 

Are these card readers secure? 

Yes, these card readers use secure technology to protect your transactions and customer data, ensuring a safe payment process. 

What if I need help with my card reader? 

All these providers offer customer support to assist you with any issues or questions. Check their websites for contact details and support options. 

By understanding the features and benefits of card readers with no monthly fees, you can make an informed decision and find the best solution for your business needs.