While selling candles at a recent crafts fair I was dumbfounded by the number of stall holders that were haemorrhaging sales due to not accepting card payments. Curious, I asked a fellow stall holder why this was? to my astonishment he simply replied that card readers are expensive! Unfortunately, this misconception is common place, resulting in many small businesses losing out on potential sales. There are some fantastic card machine providers currently competing in the UK market. Hence, this article will review the best card machines for UK small businesses.
Best Card Machine for Small Business UK
Card reader machines are often used to accept cashless transactions such as debit and credit card payments, they are small, lightweight, and portable. These card machines are typically app-based, meaning they require the use of a mobile phone or tablet device that is either connected through WIFI or Bluetooth. These machines charge a very low transaction fee that varies depending on the machine you choose, and is always deducted prior to cash being transferred into your bank account.
Factors to Consider When Choosing the Best Card Reader for UK Small Business
Although there are several providers, this article is only going to focus on the top 4 mobile card readers & machines in the UK market. To enable you to have a better understanding of the nuances between each device, I have listed the key factors to consider when looking to choose the best one for you;
Top 4 Mobile Card Readers & Machines
1. SumUp Air
Established in 2012, SumUp Air is the most economical of all the card machines as it offers the lowest card payment processing fees, making it the most popular card reader on the UK market.
Established in 2009, Square Inc is a financial services and mobile payment provider based in San Francisco operating in the US and UK. It is one of the most versatile card machines on the market.
3. iZettle Go
Established in April 2010, iZettle AB is a leading financial technology company situated in Sweden and is one of the leading card reader providers in the UK.
4. PayPal Here
Established in 1998, PayPal is one of the most popular and best-known online payment service providers in the market. The company boasts of more than 300 million active registered accounts, and operates in more than 200 markets across the globe.
With modest device purchase costs, reasonably low transaction fees, zero fixed monthly charges and no contractual lock-in period, it’s an absolute no brainer! Yes, cash is king, but wouldn’t you rather have 90% of something, than 100% of nothing?!! Which is what you’re getting every time you turn away a non-cash paying customer. In my opinion, the benefits of card readers far exceed any perceived negatives, and as you’ve seen they’re certainly not expensive.