Card machine with no monthly fee in the UK?
Card machine with no monthly fee in the UK? 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.