Tuesday, March 31, 2020

Get Benefits for Your Small Business While Offering Card Machines to Customers


Credit cards continue to be a preferred payment method in most businesses. Customers are likely to prefer buying from you if you are able to provide them with a convenient way to pay. Although it is common for small businesses to accept cash, a card machine can be a great addition to offer more convenience to customers. Nowadays, you can find a credit card machine for a small business in the UK to get you started in accepting cashless payments easily and securely. By allowing card payments, you could boost your sales and make transactions more effortless in the long run, so you can make your business grow.

No matter what industry your small business belongs to, there is a suitable credit card machine for it. If you bring your services to customers, like in the case of taxi drivers, photographers, and plumbers, and builders, there are mobile credit card machines that can connect securely to a 3G mobile network to take payments. If you have a humble café, bar, or restaurant, you may want to consider a portable credit card machine for your small business in the UK, so you can take the payment process to your customer while they are seated.

Accepting credit cards can be a significant feature to small businesses because it gives the impression that the service or shop is legitimate. Moreover, it can attract the attention of customers who prefer to pay with their credit cards. Some machines have a built-in reader for mobile wallets that offer more convenience to customers. This way, a credit card reader for the small business in the UK may even boost sales.

If you want to avoid the hassle of dealing with bad checks, you may want to adopt a high-quality credit card reader for your small business in the UK. It may even improve your cash flow and help you keep up with your competition. Over time, you will find that credit card processing can be cost-effective. Just be sure to find the right service and device by comparing machines and merchant account providers.

5 Ways to Boost Your Sales with The Best Mobile Credit Card Readers in the UK


For your business to thrive, you need to be able to provide convenient payment options to your customers. Most customers are likely to have at least one credit card, and many of them may even prefer to use their card or any mode of cashless payment like mobile wallets and debit cards to pay for goods and services anywhere. That said, it may be in your favour to get the best mobile credit card reader in the UK. It will allow your business to take card payments no matter where you go.

The best mobile credit card reader in the UK is perfect for businesses with a low turnover that is under £1.5k, as well as for small start-ups, freelancers, and one-man-band businesses. It may also be practical for businesses that provide mobile services, like hairdressing, pet grooming, and spas. With the right mobile credit card reader, you should be able to boost your sales in the following ways:

1.      Bring convenience to your customers – The devices are small and compact, and they can easily be connected to your tablet or smartphone, so you can take credit card payments no matter where you go.

2.      Keep track of transactions – Monitor payments and sales using an app that works with the best mobile credit card reader in the UK.


3.      Choose reputable providers – Consider mobile card readers from iZettle and Sumup. You can use online comparison tools to compare their features and prices on the spot to make an informed decision.

4.      Email invoices – Go paperless by allowing your system to deliver an invoice to your customer via email.

5.      No long-term contracts – Designed for flexibility, the best mobile credit card reader in the UK does not come with extensive binding contracts. In any event that you want to switch providers or upgrade your business setup, you can easily make changes without being restricted by the device that you use for card payments.


Make Your Retail Store Ready with Mobile Card Payment Machine for Business


Is your retail store literally going places? That means you could be setting up your shop from one location to another. Usually, this type of business would only accept cash payments, but you can go further and appeal to a wider range of customers by accepting card payments. This is possible with a mobile card payment machine. That way, you can take your business with you no matter where you are and offer your customers more convenient ways to pay using their debit or credit cards, as well as mobile wallets.

The mobile card payment machine works anywhere there is mobile reception. It is a compact and lightweight handheld device that relies on 3G signal to connect to an optimum phone network where you are. As long as there is a mobile signal, you can continue taking payments with it. This makes the device practical for other service providers too, such as photographers, builders, hair and makeup artists and stylists, and taxi drivers.

As you look for a mobile card payment machine, you may come across a mobile card reader too, but they have a few differences. Although both devices will let you take card payments anywhere, they differ in terms of contract terms and price. If your retail store is fairly new with a turnover that is less than £1,500 every month, then a mobile card reader should suffice. Just be sure to get your device from Sumup or iZettle. It may be a cost-effective solution that comes with practical features for reporting, without a fixed period for your contract.

If your business is more established and likely to earn more than £1,500 every month, then you will need a mobile card payment machine. It will be more cost-effective in this situation as it ensures lower card transaction fees. Receipts can also be printed directly from the terminal. If you are not sure which devices are best for you, consider comparing them online.

3 Essentials Steps If You Are Comparing Merchant Account Providers


A merchant account can get your small business started in accepting card payments. It is your current or holding account for processing cashless transactions. However, it is crucial to compare merchant account providers to ensure the most reliable and secure service that can protect the privacy of your customers, and secure your earnings. As more consumers are using their debit and credit cards to pay for goods and services, the more you should consider accepting cashless payments. Here are some steps to help you compare providers:

  1. Know how it works – Before you proceed to compare merchant account providers, it is important to understand how they work.

Whenever you make a sale, the money will not go directly into your bank account. It must be authorised by the customer’s bank and then processed by the merchant account. This way, both you and your customers can be protected from fraud, as the process ensures that the customer has sufficient funds for payment. After checking their card payment, the money will go to your merchant account. It should take a few working days (often one to three) for the funds to reach you, but certain companies ensure instant availability of the funds in your account.

  1. Explore the fees – Merchant account fees will differ from one service provider to another, and of course, according to your business. Determine how much it will cost you to process card payments by finding the sum of the price of the card machine and the credit card processing fees. Note down the costs of the card machine, payment gateway, interchange process, authorisation and transaction processes and chargeback. Likewise, find out the early termination and monthly minimum fees.

  1. Compare the types – You are likely to come across aggregate, ISO, and high risk as you compare merchant account providers.

Aggregate accounts are also known as payment service providers or facilitators and they are typically ideal for small businesses because they have no monthly or setup fees, and you are charged only when someone pays you. Compare merchant account providers with ISO accounts, which are more flexible, but come with monthly and setup fees, making them suitable for businesses that get a lot of sales every month. High-risk merchant accounts may be best for you if you have an excellent credit score and your business has to do with online healthcare, subscription services, and travel.