Introduction
Various organizations offer merchant services for small businesses in the UK. Now it is hard to find the best merchant service for your business. However, you need to find out the best and cheapest merchant service providers in the UK. Here we are giving you the top six cheapest merchant services for small businesses.
1. First Data Merchant Account
First Data has more than 20 years of experience in the merchant service business, having worldwide knowledge to offer assistance, perfect for any size of businesses. It provides the versatile, contactless and compact card processing service in the UK.
2. Paymentsense Merchant Account
Paymentsense is a UK based organization that works with SMEs. They are a brand, providing their service to more than 50,000 independent businesspersons. Paymentsense offers peer-to-peer online transactions. They additionally deliver the transacted amount within 3 days to your bank account. Check all their plans and pricing on their website.
3. UtilityUmbrella
UtilityUmbrella is the best merchant service provider in the UK. It allows all types of online transactions. It transfers your money in your bank account within 3-5 business days. UtilityUmbrella has experience support and customer services. It provides the cheapest and best merchant service in the UK.
4. Sage Pay
Safe Pay offers clients a merchant account that will accept debit and credit cards. They have different expenses and service charges on the various kinds of transactions.
5. PayPal
PayPal offers the least expensive and high-quality service. As it is a very well known company, we can say that it is very secure but it includes high charges for small transactions.
6. Worldpay Merchant Account
Worldpay is the UK’s popular supplier of merchant accounts, empowering secure and dependable transactions in 300,000 private companies. They give a virtual platform that empowers the acceptance of card payments on smartphones and email links.
However, before signing an agreement kindly contact their agents to learn more about their terms and conditions. Know all the details of their fees and service charges. Below are the three types of fees that they can implement.
Hidden
Charges: Find out the cost. Is there any other cost per service? Ask them if there are any other hidden service charges for their customers.
Normal
Charges: These may be your monthly fees, PCI charges, gateway charges and many others.
Other
Fees: Though there are many other fees such as authorization fees, assessment fees, address verification system fees, retrieval request fees and many others.
Conclusion
Any business that needs to develop in the fast-moving world should accept all forms of online transactions especially all debit and credit card transactions. To have this setup, choose the best and cheapest merchant service provider for small business in the UK and experience the fast and smooth online payments.
