Card machine with no monthly fee in the UK?
Card machine with no monthly fee in the UK? A 60-second plain answer for South Asian SMBs. Watch the full video above, or read the complete timestamped transcript below.
Transcript
[0:00] Card machine with no monthly fee? A 60-second plain answer.
[0:08] Yes, several UK providers charge per transaction only. SumUp at 1.69 percent, Zettle at 1.75 percent, and Square at 1.75 percent. No contract, no minimum volume, no cancellation fee.
[0:16] You buy the hardware outright. Expect 29 to 79 pounds, then you keep the device.
[0:24] Why no monthly fee? These are facilitators. They buy acquiring capacity in bulk and only earn when you trade, so there is no fixed charge.
[0:32] The trade-off is the rate. On 1,000 pounds a month, per-transaction wins. On 10,000 a month, a traditional acquirer from Dojo or Worldpay with a 15 to 25 pound monthly fee usually works out cheaper on percentage.
[0:40] Full UK card machine comparison on merchanthq.co.uk.
MerchantHQ is an independent UK comparison and introducer service, not a payment provider.