If you are a small business owner looking to take payments over the phone you’re in the right place. I have found two great deals including the cheapest deal with an established company.
Two mobile chip and PIN providers allow their customers to process card not present transactions. This means if you have an account with them you can take payments over the phone as well as face to face. What’s more with one company you don’t even need to buy a card reader to open an account so you can set up the account for free.
The two companies in question are WorldPay Zinc and Intuit Pay.
- iOS & Android compatible
- Keypad £79.99 (inc VAT)
- Technology: Chip and PIN, Bluetooth
- Card not present available
- Transaction charges: 2.75%/ £5.99 PCM + 1.95%
- Visa, Mastercard, Maestro accepted.
There are several benefits to the WorldPay Zinc package. WorldPay is an established and trusted brand which has been operating successfully for many years. At £79.99 (inc VAT) the card reader is currently slightly more expensive than average, but there’s not much in it. The monthly pricing structure may be preferred by companies processing a larger number of payments each month.
To take a payment over the phone you need the following info:
- Cardholder name
- Card number
- Expiry date
- Card security code
Once the payment has gone through the customer is sent a receipt immediately by email or SMS.
For a £10 discount
- Go to www.worldpayzinc.com
- At step 5 of signup in reference code enter: FR535817
- The £10 discount is applied when your account is approved and you are charged for the card reader.
Note: I believe Curry’s currently sell the card readers cheaper, even with the discount.
- Chip and PIN reader £79 (+VAT)
- Charges 2.75% per transaction
- Card not present available
- Free online payments system.
Intuit Pay allows businesses to accept payments using a mobile chip and PIN machine or through an online interface. If you only want the online interface which allows you to take card not present payments you don’t need to buy a card machine. As there is no monthly contract, you simply sign up and pay 2.75% per transaction.
To take a card not present payment you input card details with an option to say if you have seen the customers signature. Once approved you receive an authorisation code, the transaction shows in your account and you can send a receipt to customers via email or SMS.
If you only want to take payments over the phone and don’t need a mobile chip and PIN machine there are a number of other options. For instance you could choose a traditional merchant account or go with PayPal. However at present you won’t find a better deal than you can get with Intuit Pay.
For instance with PayPal the monthly fee is £20 with a 3.4% + 20p transaction fee for orders up to £1,500. The PayPal package is clearly aimed at larger businesses.
Payatrader offer a similar package for small businesses however Intuit Pay is still cheaper. You can sign up for Payatrader for free and there is no monthly fee, however transaction charges are 2.9% which is higher than Intuit Pay.
I hope you have found the article useful, if you have any questions please let me know.