Taking card payments help
Taking card payments help
Author
Discussion

Road2Ruin

Original Poster:

6,531 posts

246 months

Thursday 22nd December 2016
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Hi fellow business chaps,

My business is looking at starting to take card payments in the new year. Mostly for deposits on courses we are running, so it will probably be a very small amount in total, made up of lots of small amounts. Now, I have tried to find out the best (read least expensive) way of doing this and it is a minefield. I know I need a virtual terminal as this will mainly be done over the phone, but costs seem to be astronomical. The best I can find so far is 2.7% of transaction value plus 20p, this even applies for debit cards so it seems. I am going about this wrong or do any of you have pointers for where to go?

Thanks


akirk

5,778 posts

144 months

Thursday 22nd December 2016
quotequote all
Look at the Federation for Small Business - often very competitive deals

Road2Ruin

Original Poster:

6,531 posts

246 months

Thursday 22nd December 2016
quotequote all
Never thought about that, that's a good start. Thanks.

eybic

9,212 posts

204 months

Thursday 22nd December 2016
quotequote all
Have you looked at Worldpay? We're with them and their charges are the lowest out there for us.

VEX

5,259 posts

276 months

Thursday 22nd December 2016
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Zinc by world pay is good, no fee, no monthly, 2.75% for me.

Effectively pay as you go.


bearman68

4,941 posts

162 months

Thursday 22nd December 2016
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We use AIB - pretty decent rates - seems to work out about 1.25% for us plus about £30 a month.

RM

686 posts

127 months

Friday 23rd December 2016
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I've only used them for ecommerce but I believe Stripe provides a virtual terminal. 1.4% plus 20p and no monthly charge.

Road2Ruin

Original Poster:

6,531 posts

246 months

Friday 23rd December 2016
quotequote all
Wow...stripe look cheap if that's correct...thanks will have a look

AC123

1,287 posts

184 months

Friday 23rd December 2016
quotequote all
RM said:
I've only used them for ecommerce but I believe Stripe provides a virtual terminal. 1.4% plus 20p and no monthly charge.
I also use Stripe and they *touch wood* seem very good.

I have never used them for phone payments, only for Ecommerce.

RegMolehusband

4,113 posts

287 months

Friday 23rd December 2016
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It doesn't look like Stripe is cheap for debit cards though. I pay 0.2% on debit cards with Lloyds Cardnet.

Wacky Racer

41,395 posts

277 months

Friday 23rd December 2016
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I have reduced my costs by half changing over to this company three months ago:-

http://www.universaltp.com/