Saturday, December 22nd, 2018
Credit cards are the most popular payment method in use in our modern days. They’re, in fact, a mandatory requirement for an effective payment operation. How can you compare credit card processing in the UK so to find the best option for your company? It’s simple! Just read below!
Payment Processing in the UK
Merchant account fees vary from provider to provider in the UK, and the difference can really be great. On the whole, the UK merchant account and payment processing industry doesn’t make it too easy to compare rates and fees. To compare them, you should focus on the following approaches.
First, be ready to come across variable rates and fees associated with different card types, business types, transaction volume, and other factors. You’ll find this with established merchant account and payment processing companies.
The second approach implies much higher flat fees, which has nothing to do with anything hidden: it’s very transparent. If you’re a small business, this approach can be quite acceptable for you since you won’t generally deal with a contract.
Overall, the reasons why it’s difficult to compare UK merchant accounts have both negative and positive shades. E.g., you’ll see UK merchant account providers stay away from advertising their fees. This is because different businesses and business owners carry different levels of risk. If you lack credit or have a bad credit history, you’re likely to be charged a premium.
That’s where a reputable credit card processing comparison company steps in.
Compare Credit Card Processing in the UK
If you’re a business owner trying to find the best terms and rates for credit card processing, you should take into account your annual card turnover. If it’s less than £10.000 per year, a traditional terminal rental agreement can prove to be costly for you.
Today, you can find mobile point-of-sale (mPOS) devices available in the market, which can be more affordable for you. You can obtain them outright and avoid a monthly rental fee or minimum monthly service charge.
The right step to take is to turn to a reputable payment expert like Best Payment Providers in the UK to compare credit card processing. With a true professional like Best Payment Providers, you can find the right payment processing solution for your own specific business needs.
Best Payment Providers is dedicated to offering only the best deal to businesses. By the way, you won’t have to pay for consultation, review of contracts, rates, and fees. Since Best Payment Providers understands well that integration requirements are highly important, each and every provider’s integration process won’t be left unchecked. As a result, you’ll be able to enjoy a smooth transition and onboarding process.
Finally, working with Best Payment Providers, you can be sure to get the most honest snapshot of the company at the time of writing. Thus, you won’t need to worry about unnecessary payments stemming from misleading terminology, hidden costs, and deceptive sales tactics.
As you see, since not all providers are equal and they may offer different comparing rates, you’d better apply to a respectable merchant services comparison company to get the best for your business.
Topics discussed in this article:
- compare credit card processing