Taking card payments help

[Road2Ruin]

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]

Look at the Federation for Small Business - often very competitive deals

[Road2Ruin]

Never thought about that, that's a good start. Thanks.

[eybic]

Have you looked at Worldpay? We're with them and their charges are the lowest out there for us.

[VEX]

Zinc by world pay is good, no fee, no monthly, 2.75% for me.

Effectively pay as you go.

[bearman68]

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

[RM]

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

[Road2Ruin]

Wow...stripe look cheap if that's correct...thanks will have a look

[AC123]

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]

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

[Wacky Racer]

I have reduced my costs by half changing over to this company three months ago:-

http://www.universaltp.com/