Finding the Cheapest Card Payment Machine in the UK

Choosing the right card payment machine for your business is crucial, especially if you’re trying to save money. We understand how overwhelming it can be to navigate the options. This guide will help you find the cheapest card payment machine in the UK, ensuring you get the best value for your business. 

Finding the cheapest card payment machine in the UK involves comparing transaction fees, monthly costs, and additional features. Consider options from various providers to identify one that suits your business needs without compromising on service quality. 

If you’re looking for the most cost-effective card payment machine, we’ve broken down everything you need to know to make an informed choice. Keep reading to discover all the tips, comparisons, and expert advice on the cheapest options available. 

Cut costs without compromising on quality. Click below to explore the cheapest card payment machines in the UK and start saving now. 

Finding the Cheapest Card Payment Machine in the UK 

When it comes to finding the cheapest card payment machine in the UK, businesses need to balance cost with performance. The market offers various machines, each with different costs, features, and support services. Some businesses may be looking for low transaction fees, while others might prioritise features such as mobile payments, contactless options, or integration with accounting software. 

The goal is to identify a solution that fits your specific business needs while minimising costs. It’s important to remember that while the initial cost of the card payment machine is significant, the ongoing transaction fees and any hidden costs can affect the overall affordability. 

Cut Costs On Card Payments! Discover The Cheapest Card Payment Machine In The Uk For Your Business.

What Affects the Cost of Card Payment Machines? 

Several factors influence the price of a card payment machine, and understanding them is key to finding the cheapest option. 

  • Transaction Fees: This is usually the most significant ongoing cost. Some providers charge a flat fee per transaction, while others may charge a percentage of the transaction value. Transaction fees can range from 1.5% to 3.5% for credit card payments. 
  • Monthly Fees: Some providers charge a fixed monthly fee for access to their service. Depending on the machine, these fees can range from £10 to £30 per month. 
  • Setup Fees: Many providers charge an initial setup fee, which could include the cost of the machine and any initial processing fees. Some machines may be offered with zero setup costs but may have higher transaction fees. 
  • Contract Length: The length of the contract can affect the cost. A longer contract might come with lower monthly fees, but businesses need to make sure they’re not locked into a deal they can’t exit if their needs change. 
  • Additional Features: Extra features, such as the ability to accept mobile payments, contactless cards, or integration with accounting systems, can increase the price of the card payment machine. While these features can be beneficial, they may not be necessary for every business. 

Types of Card Payment Machines Available 

The market offers several types of card payment machines, each with different pricing structures. Below is a comparison of the most common types of machines available: 

  • Countertop Machines: These are stationary machines that sit on your counter. They’re ideal for businesses with a fixed location, like restaurants or retail stores. These machines tend to have lower upfront costs, but they may have higher monthly fees. 
  • Portable Machines: These machines are wireless and can be used on the go. They are typically used by delivery services, tradespeople, or businesses that need to take payments outside of their premises. Portable machines usually have higher transaction fees due to the added convenience of mobility. 
  • Mobile Card Readers: Small and affordable, mobile card readers are ideal for small businesses or individuals who want to accept card payments via their smartphone or tablet. These devices typically have low initial costs but may charge slightly higher transaction fees. 
  • Virtual Terminals: These are software-based solutions that allow businesses to take payments over the phone or online. While these machines are useful for remote businesses, their fees may vary depending on the payment processor. 

How to Find the Cheapest Card Payment Machine 

Here are some steps to help you find the cheapest card payment machine for your business: 

  1. Compare Fees and Charges: Start by comparing the transaction fees, monthly fees, and any hidden charges across different providers. Many providers will offer a tiered pricing structure, where your fees decrease as your transaction volume increases. Make sure to account for all potential charges to get a true cost comparison.
  2. Check for Hidden Fees: Many companies will advertise low prices but may charge additional hidden fees for things like tech support, customer service, or access to premium features. Be sure to ask about these fees upfront to avoid surprises later on.
  3. Consider Long-Term Contracts vs. Short-Term Options: If your business is likely to grow, signing a long-term contract may help you secure a better deal. However, if you are uncertain about the future, look for providers that offer month-to-month contracts or allow you to switch plans without penalties.
  4. Look for Bundles or Promotions: Some providers offer promotional discounts for new businesses or bundle deals where you can get discounted rates for both hardware and software. Keep an eye out for these offers to reduce costs.
  5. Check User Reviews: The cheapest card payment machine isn’t always the best value if the customer support or machine performance isn’t up to standard. Reading reviews from other businesses in similar sectors can provide valuable insights into which providers offer both great service and low costs.

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Key Providers of the Cheapest Card Payment Machines in the UK 

There are many companies offering affordable card payment solutions in the UK. Here are a few well-known providers: 

  • SumUp: Known for its affordable, no-monthly-fee card readers, SumUp is a great choice for small businesses. They offer a competitive flat rate per transaction, with options for both countertop and mobile card readers. 
  • iZettle: iZettle offers an easy-to-use mobile card reader with competitive fees. They provide options for businesses that need both portable and countertop devices, and the setup process is straightforward. 
  • Square: Square is famous for offering flexible, no-monthly-fee solutions for businesses of all sizes. It provides free card readers for small businesses and competitive processing fees. 
  • Worldpay: Worldpay provides a wide range of machines with flexible plans to accommodate businesses with high transaction volumes. They offer both mobile and countertop devices but may require a longer contract commitment.

Here’s a sample pricing table for some well-known card payment providers in the UK: 

Provider  Setup Fee  Monthly Fee  Transaction Fee (Standard)  Card Reader Type  Additional Fees 
SumUp  £0  £0  1.69% per transaction  Mobile, Countertop  None 
iZettle  £0  £0  1.75% per transaction  Mobile, Countertop  £19 for card reader (one-off) 
Square  £0  £0  1.75% per transaction  Mobile, Countertop  None 
Worldpay  £29.95 (setup)  £19.95 (min.)  1.65% per transaction  Mobile, Countertop  £19.95 (card reader) 
PayPal Here  £0  £0  2.75% per transaction  Mobile, Countertop  £19.99 (card reader) 

Notes: 

  • Transaction Fees are based on standard UK card payments and may vary depending on the card type and transaction volume. 
  • Monthly Fees are applicable for some providers, especially those that offer advanced services. 
  • Some providers offer promotions or custom rates based on transaction volumes, so it’s always a good idea to check directly for tailored offers. 

This table should give you a basic idea of the pricing, but it’s advisable to visit each provider’s website or contact them for the most accurate and up-to-date pricing tailored to your business’s needs. 

FAQ 

What is the cheapest card payment machine in the UK?

The cheapest card payment machine depends on your business type and needs. SumUp and iZettle offer affordable options, with no monthly fees and low transaction rates, making them great for small businesses.

Do card payment machines have hidden fees?

Yes, some card payment providers may charge hidden fees for things like setup, customer support, or using additional features. Always ask for a breakdown of all potential costs before committing.

Can I get a card payment machine without a contract?

Yes, some providers, like SumUp and Square, offer no-contract options that allow you to pay on a pay-as-you-go basis.

What features should I look for in the cheapest card payment machine?

Look for a machine that offers low transaction fees, has mobile payment capabilities, and suits your business type. Consider the ease of use and the level of customer support the provider offers.

Are card payment machines safe to use?

Yes, card payment machines use encryption and other security measures to protect your customers’ data. Always choose a provider with a strong security reputation.

Ready to find the cheapest card payment machine for your business? Click the link below to compare prices, features, and reviews to make the best choice for you.