3 Ways to Compare Credit Card Machines to Enhance Your Business in the UK

Every business has unique needs. So if you want to change or implement a card payment system, then you should compare merchant account providers. This way, you can find out which credit card machine offers the most efficient solutions and will open more doors of opportunities for your enterprise. So, how do you compare card machine providers correctly and efficiently? Here are some tips:

1. Compare the features and functionalities of every type of machine.

The first thing to do is to compare credit card machines. Currently, merchant account providers offer four major types of machines, namely: (1) countertop card machines, (2) portable card machines, (3) mobile card machines, and (4) mobile card readers. Each type is designed for specific applications.

For example, countertop card machines are utilised by big companies in their stationary cash registers. Restaurant owners and coffee shops use portable card machines so they can bring their payment terminal to their consumers. Meanwhile, entrepreneurs like drivers and photographers who offer services on the opt for mobile card machines and readers that provide maximum portability.

2. Compute for the price of the machine and other costs.

There are two other factors to consider as you compare merchant account providers: the (1) price of the machine or hardware and the (2) payment processing fees. Don't just look at the initial purchase price—be sure to do the math on the transaction fees. How much the merchant charges you for card payments will impact your monthly expenses. Of course, you should also compute for subscription fees, installation fees, application fees, and other related costs.

3. Consider the types of payment accepted.

Most credit card machines accept major credit cards and debit cards companies. But if you want to widen your customer base, you should consider machines that are EMV chip and mobile wallet ready.