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.