Best Credit Card

Readers

Card readers are safe, and the payment processing industry is heavily regulated to ensure the highest levels of security are maintained. All information sent between the card reader machine, merchant accounts and various banks is fully encrypted, and sensitive data is never stored. The Payment Card Industry Data Safety Standard regularly audits the various processes within the industry, which ensures card readers meet the latest standards.

Yes, the majority of card readers need WiFi to transmit the transaction. However, traditional card machines which connect via a telephone line can process transactions, although it may be a slower process. Alternatively, there are machines available which are designed to capture card details and transmit it to the merchant acquirer for processing when a WiFi signal becomes available.

If you are searching for the best card reader for small businesses, there is plenty of choice. There are more providers than ever before and many offer flexible, low-cost transactions which are perfect for small businesses. The following card reader machines are offered with no contracts on a pay-as-you-go basis; iZettle, SumUp, Square, PayPal Here and Worldpay.

To use your phone as a card reader you will need an internet connection and a payment processing app. The first step is to purchase a card reader, you will then need to install the relevant iOS or Android app. When you are ready to take payment simply connect the card reader to your phone and use the app to process the transaction.

If you are wondering which is better, SumUp or iZettle, the truth is they both offer an excellent solution within the mobile card payment industry. The best choice for your business will be the card reader machine which most closely matches the specific requirements of your business. For example, you may need to consider factors such as cost, app features and customer support.

In general, SumUp offers some of the lowest transaction fees available set at 1.69%, no monthly fees and the app offers a range of useful features. In comparison, the iZettle card reader offers increased payment and reporting tools through its app, however the latest card reader will cost slightly more, and the processing fees are slightly more at 1.75%.

The flat iZettle charge per transaction is just 1.75%, which makes it a great option for businesses looking for set charges.

The cheapest credit card readers are those which do not charge any set up fees, with competitively priced machines. Generally, most credit card readers are inexpensive to buy with prices starting at just £29 + VAT for the SumUp Air card reader. However, it is the ongoing processing costs which are likely to have a greater impact on your bank balance. On average, you can expect to pay between 1.5% and 1.75% per transaction, although fees will vary depending on the volume and value of your transactions each month.

As you can see from the various card reader machines mentioned above, there are many options available to UK businesses. The ideal machine for your business will depend on many factors and our team can help you quickly compare the options available. We understand the various features, costs and types of card reader machines available, so are in an ideal position to match you to the ideal service. To find out more about our card reader comparison service, please contact the team today.