Friday, February 22nd, 2019
Universal Transaction Processing (UTP) provides payment services to thousands of micro to medium-sized business all over the United Kingdom. It does so with the assistance of Barclays Bank as its banking/acquiring partner. Therefore, the latter becomes the processor, and customers get billing statements titled Barclays. UTP boasts of a well-trained team of workers and makes use of independent sales agents as well as telemarketers to reach and support clients.
Utp merchant services including credit & debit card payment solutions, plus the hardware or tools needed to get merchants underway, e.g. mobile, fixed, and portable credit card machines. What’s more, it offers ecommerce services, virtual terminals, and a payment gateway to different clients. UTP Terminals take all major plastic cards—MasterCard, American Express and Visa.
UTP’s payment gateway is also compatible with multiple third-party shopping carts, including Magento, Shopify, Cubecart, Drupal Commerce, and 20 others.
Discover more about UTP services.
- Reasonable Rates
UTP tries to offer some of the most competitive rates compared to other vendors. However, the prices and fees differ depending on your type of business.
- Card Payment Machines
The company’s collection of Credit Card Machines carries some of the lightest and smallest gadgets on the market that also feature the colour screen option besides the black and white.
- Safe Payment Gateway
Security is a top concern when handling payments. UTP’s secure virtual and e-commerce terminal services provide total payment safety to all businesses.
- Reliable Support
UTP has a dedicated UK-based team of experts that are capable of offering remote card machine diagnostics and fixing.
How Much Do You Pay For UTP Merchant Services
While the site doesn’t disclose rates or fees on their official site, here’s what a rate sheet revealed. Note: all costs listed below carry scheme/interchange fees:
- MasterCard (Personal) 1.00%
- Visa (Personal) 1.00%
- Maestro/Visa Debit 0.25%
- Commercial Cards (Business) 1.75%
- Visa Business Debit £1.20
- Authorisation Fee 3p
- Refund 30p
- Chargeback £9.00
- Set-up fee (One-Off) £25.00
Barclays takes a £25 set up fee for each application. Merchants with several outlets on one application pay the PCI compliance charge for only one outlet. PCI compliance gets a merchant four months of grace period— meaning no charges for the starting four months after which standard merchants start paying £2.40/month for PCI-compliance while high-risk merchant pays £5.80/month.
Universal Transaction Processing also offers tailored pricing for business with card volumes over £1m.
Terminal Fees Are As Follows:
- Mobile/GPRS £26.00
- Static (Countertop) £18.00
- Portable £23.00
- IPP350 pin pad £4.50
In their website, UTP states that extra charges for renting the terminals may include support and maintenance for the gadgets.
Be sure to research further about Universal Transaction Processing merchant service options before you sign up for their services. Scrutinise the rates and make sure every point is clear to you before you enter an agreement.
Topics discussed in this article:
- Universal Transaction Processing