By Anna Jordan on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs
Small businesses can define the cheapest card payment machines in a few different ways: by card reader price, subscription or monthly fees, and more.
Transaction fees can’t be forgotten here. If you process a high volume of sales, those transaction costs are going to add up. This is especially true for subscription services, digital downloads, online dropshipping and other high-volume businesses.
To help keep your costs down, here are some of the cheapest card readers on the market.
Square
Tide
Revolut
MyPOS
Dojo Go
Tyl by NatWest
Barclaycard Anywhere
SumUp
Zettle
>See also: How to start a dropshipping business – What is dropshipping, what are the advantages and how do you start a dropshipping business?
Square
Device cost: £19Transaction fee: 1.75 per cent in-person payment
Features
Accept Apple Pay and Google Pay
Start accepting payments within minutes
Funds settled either next day or instantly for a small fee
Offline mode allows you to take transactions for up to 24 hours without an internet connection
The Square card reader is just £19. The standard transaction fee is 1.75%, though custom rates are available for businesses that take more than £200,000 in card sales. Fraud protection, payment dispute management and data protection is
