Comparing Card Machine Providers UK Quick Answer: The best card machine provider depends on your business type, transaction volume, and specific needs. Pay-as-you-go providers (SumUp, Square, Zettle) suit low-volume businesses with no monthly fees. Traditional providers (Worldpay, Barclaycard) suit high-volume businesses with better transaction rates. At We Tranxact, we help UK businesses compare providers and […]
What is a Standard Merchant Account? Quick Answer: A standard merchant account allows UK businesses in low-risk industries to accept card payments with competitive transaction fees, fast approval, and straightforward setup. Ideal for retail shops, restaurants, service businesses, and professional services. At We Tranxact, we connect UK businesses with payment providers offering standard merchant accounts […]
How Much Does a Card Machine Cost? Quick Answer: Card machine costs vary by provider, terminal type, and your monthly transaction volume. The main costs are transaction fees (percentage-based), monthly fees (or rental charges), and one-time setup costs. At We Tranxact, we help UK businesses compare quotes from multiple providers to find competitive pricing tailored […]
What Are the Best Card Machines for Small Business? Quick Answer: The best card machines for small business depend on your specific needs. Countertop terminals work best for fixed locations like shops and restaurants. Portable Wi-Fi terminals suit businesses moving between areas (salons, hotels). Mobile GPRS terminals are ideal for tradespeople and mobile businesses. At […]
Complete Payment Processing Terminology Guide Quick Answer: This payment processing glossary defines 50+ essential terms for UK businesses accepting card payments. From acquirers and authorization to chargebacks and PCI compliance, understand the terminology used by payment providers, banks, and merchant account underwriters. Whether you’re applying for your first merchant account or negotiating better rates, understanding […]
What Documents Do You Need for a High-Risk Merchant Account Application? Quick Answer: A high-risk merchant account application requires four main document categories: business registration (Companies House certificate), director identification (passport and proof of address), banking information (6 months statements), and website compliance (terms, privacy policy, product details). Industry-specific documents like licenses or certifications may […]
How Much Does a High-Risk Merchant Account Cost? Quick Answer: High-risk merchant account costs vary significantly by industry, processing volume, and business profile. The main cost components are transaction fees (percentage-based), monthly platform fees (£0-£100), and sometimes rolling reserves. At We Tranxact, we obtain custom quotes from multiple providers so you can compare actual costs […]
What’s the Difference Between High-Risk and Standard Merchant Accounts? Quick Answer: High-risk merchant accounts are designed for businesses with elevated chargeback rates, controversial industries, or complex business models. They typically cost more than standard accounts but accept businesses that standard processors decline. Side-by-Side Comparison Feature Standard Merchant Account High-Risk Merchant Account Transaction Fees 0.75% – […]
Introduction If you run a UK business that takes card payments, choosing the right merchant account providers UK can make or break your margins.With new fintech entrants and rising fees from the big banks, 2025 is the year to review your processing setup. In this guide, we’ll break down how merchant accounts work, who the […]
Are you a small business owner looking for an easy and efficient way to process payments? Well, look no further! Small business payment processing is the solution you’ve been searching for. Say goodbye to cumbersome cash transactions and hello to seamless electronic payments.
Gone are the days of fumbling through stacks of bills and coins. With small business payment processing, you can accept credit and debit card payments with just a few simple steps. Whether you’re at a brick-and-mortar store or selling online, this convenient service allows you to cater to the needs of your customers in a fast and secure manner.
One of the biggest benefits of small business payment processing is the ability to streamline your financial operations. No more chasing down customers for overdue payments or manually inputting transaction information. Everything is automated, saving you time and minimizing the chances of human error.
In addition to improving efficiency, small business payment processing also enhances security. With encryption technology and fraud protection measures in place, you can rest easy knowing that your customers’ sensitive information is safe and secure.
But perhaps the best part of all is the boost in sales that comes with offering multiple payment options. When customers have the flexibility to pay with their preferred method, they are more likely to make a purchase. And happy customers mean repeat business and positive word-of-mouth referrals.
So why wait? Make the switch to small business payment processing today and watch your business grow! With the convenience, security, and increased sales that come with this service, you’ll wonder how you ever managed without it.