![]() If your monthly transaction volume fluctuates, this might be a better option. To narrow down the field and select the most appropriate virtual credit card terminal, you should consider the following factors.Ĭost -Some virtual terminal providers don’t charge any monthly fees, including PayPal, SumUp and Square. How to choose a virtual terminal solution £19/month (Standard) or £45/month (Advanced) The business can then collect payments as they’re due, for greater convenience at both ends of the transaction.īest virtual terminal for small business comparison table: Unlike virtual terminals, which require manual input for each transaction, with Direct Debit payments customers only need to provide their payment details the first time. GoCardless can also help businesses take payments online using Direct Debit. It is ideal for businesses who deal with customers abroad, allowing you to take payments in over 25 currencies over the phone. This virtual payment terminal comes equipped with a bevy of features including built-in fraud screening, real-time reporting, and 24/7 customer support as standard. Our fifth choice is Opayo, formerly known as Sage Pay. At the advanced level, this includes the ability to accept mobile wallet payments and access 24/7 support. Unlike the options mentioned above, it does come with minimum-term contracts which means you’ll pay a monthly fee for payment processing. WorldPay is a good option for those who need additional features including customer support and fraud management tools. WorldPayĪs your small business starts to grow, you might need a virtual terminal capable of processing higher volumes of transactions. However, there are additional charges for cross-border payments and currency conversions, which is something to keep in mind for businesses with an international client base. Transaction fees are easy to understand, without any month-to-month charges. This service also comes with additional features including activity tracking and analytical reports. It comes with built-in brand recognition – most customers have heard of PayPal and trust it to process payments. If your business already uses PayPal to accept payments, you might naturally want to add the company’s virtual terminal to your package. You won’t need to worry about contracts or monthly fees. Like Square, SumUp charges a straightforward fee of 2.95% plus an additional 25p per transaction. It comes with a clean, user-friendly interface and easy setup. SumUpĪnother great option is SumUp, which is particularly well suited to start-ups and business beginners. The virtual terminal service handles PCI compliance and data security, keeping your customer card details safely encrypted. It’s ideal for freelancers, contractors, and small businesses who don’t need to process high volumes of transactions. Square’s virtual terminal offers a simple flat fee of 2.5%. There are dozens of virtual credit card terminal service providers out there Here are our top five picks within the UK. The UK’s five best virtual terminals for small business There’s no need to worry about PCI compliance, as the provider handles and stores customer card details. In all these cases, virtual terminals are designed to handle what are known as MOTO, or ‘mail order/telephone order’ transactions.īenefits include ease of use, a simple set-up, and the ability to take recurring payment from subscribers. Some customers simply prefer making an order over the phone where they can speak to a customer service representative. Retailers can send out product catalogues, and delivery services can accept orders over the phone. Restaurants can accept deposits, while ecommerce merchants can generate payment links. There are certain types of businesses that are more likely to need a virtual terminal than others. Get started in minutes Learn more Why do you need a virtual payment terminal?
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