The Cheapest Merchant Services for Small Businesses

Wednesday, January 5th, 2022

Today, you have a much wider choice of merchant services than a few years ago. With the proliferation of merchant-processing services providers, it can be difficult to find the cheapest merchant services for small businesses. Thankfully, there are expert comparison specialists that can help you with this. 

Cheapest Merchant Services for UK Small Businesses

The cheapest way for UK small businesses to accept card payments depends on several factors. These factors include the type of the business, the average card turnover, and the typical transaction size.

It’s often recommended for small businesses in the UK with a relatively low card turnover and/or a low average transaction value to choose a “pay as you go” no-contract mobile-card readers. Square, Zettle, or SumUp are some of the providers. 

Once a business starts processing more than £2,000 in card transactions each month, it can think of applying to a merchant services provider such as WorldPay, Barclaycard, and others. These providers offer significantly lower transaction fees than 1.5%.

It may seem intimidating to opt for the best-suited and cheapest merchant services for small business. The good news is that you can work with a reliable comparison specialist like to get the best for your business needs. Best Payment Providers UK guarantees the cheapest rates based on the review of complaints, integration processes, and terms. 

Cheapest Merchant Services for Small Business

When trying to figure out which merchant-services provider is the most suitable to your financial needs, pricing is a crucial factor to take into consideration. Let’s look at the top three cheapest merchant-services providers:

First Data

The minimum service charge per month makes up £5. This makes the company one of the cheapest providers of merchant accounts for small businesses and startups.

Transaction Fees:

  • Credit Card Fees – 10p
  • Debit Card Fees – 1.25%
  • Authorisation Fee – 2p
  • Monthly minimum – £5


The offered rates are among the most flexible ones and the monthly fee for the entry package is exceptional.

Transaction Fees:

  • Credit Card Fees – 1%
  • Debit Card Fees – 2%
  • Authorisation Fee – 4p
  • Monthly minimum – £9.95

Opayo by Elavon (formerly Sage Pay)

The company offers a three-tier package system. Customers can choose a Flex, Plus, or Corporate package with a variety of payment solutions. The latter solutions include online payments, invoice payments, and EPOS systems for face-to-face and phone payments from customers.

Monthly Fees (as of January 2021):

  • Flex – £27
  • Plus – £45
  • Corporate – Bespoke Pricing
  • Small Business Solutions (Virtual Terminal) – £15

Choosing the Cheapest Merchant Services for Your Small Business 

Picking the most affordable merchant services isn’t the easiest task in the world. Thankfully, you can turn to a respectable comparison company that can help you make the right choice. 

Leave a Reply

Your email address will not be published. Required fields are marked *