Monthly Archives: September 2019

How Many Fees To Charge To Use Card Payment Machine For Small Business

Using a card for payment method is now very usual, moreover in the big mall or shopping centers. However now, it is spreading for many more business, even the small one. The use of a card payment machine for small business becomes one of the conditions that technology has really influenced the business and industry. It doesn’t mean to only the big merchants, industry, or even big companies.

However, one thing that commonly makes many owners think twice of using the card machine. It is about the cost, price, or event charges that must be spent. Well, it is true that it will require the charges. However, will it be reasonable and still worth it?

Charges That We Must Pay For
The merchant service charging will tend to be complex. It may be tricky for several merchants to understand what they actually spend each month. There are actually several points that will require the charges as in the followings.

Charge For Merchant Service – This charge will be for every debit or credit card transaction that you accept. It will require commonly around 0.25% to 0.35% (debit), 0.7% to 0.9% (credit), and 1.6% to 1.8 (commercial credit).

Terminal Hire – We also need to pay for the charge from the terminal fee of rental for the PIN and chip machine. Commonly, it will charge vary depending on the providers that offer the service. But the fees will be different for the fixed countertop machine terminal, portable terminal, and also mobile terminal.

Payment Gateway – This charge is additionally implemented for each authorization of your every transaction. It is done for testing the payment transaction method. Typically, it will last around 1 to 3p / transaction.

Well, there are still several changes that may be required to spend. They are the Minimum Monthly Service Charge (MMSC), fees for setup, chargeback fees, and fee for PCI compliance. The amount of the fees for that card payment machine for small business is also typically different for each service or provider.

Are you looking for the most affordable one? You need better to choose the “Take Card Payment” company. It offers the best card payment machine for small business with the most affordable charges.

Sophisticated Feature And Functionality Of Card Payment Machine

Generally, a card payment machine for small business has certain features that must be understood. For, the usage of the features will also determine how the system of the card payment machine that you use. Commonly, the features may vary depending on the brand, types, or even technology that is implemented. However, there are some common functionality and features that are available. We will show you the most common card machines for payment that are generally used for your small business.

Merchant Account
Although you are a small business, it doesn’t close the possibility that you have several merchants or multiple storefronts. If it happens, it is better to use a similar merchant account. Then, you can receive a single statement of the card payment monthly. But, it can be also managed or set differently if you want it based on certain consideration or objectives.

Built-in Long-life Battery
This machine is very worthy to note that several card payment machines may be powered by the built-in long-life battery. It may be portable or even mobile devices. The devices may need the charging base, so you need to set up this for a more convenient location.

Chip & PIN Utility
It is used when there is the chip embedded on the card, so it is better to use the functionality of the chip and Pin. Commonly, this kind of technology will use sophisticated technology in identifying genuine cards.

Contactless
What kind of feature and also functionality is this? The contactless machine is faster, simpler, and also more secure to accept the payment. You don’t need to put or enter your PIN. You only need to touch simply the contactless card into the card machine.

Actually, several card payment machine for small business is still available in some features. However, these are the most common one. You can consider it or seek for the other ways and interesting points. But of course, never forget about features that are offered only in the Take Card Payment. This will be very worthy for you.