card reader payment

nalin

Hello
I need to get a card reader for to receive customer payment in my taxi,
A friend suggested “ sumup “ or am I better going to my own bank ,
Dose anyone have experience of this, costs etc
Thanks

jimmii

Given it's a mobile version you're after it's unlikely your bank will have a better value option. If you search for card readers this comes up a LOT on here and will list all the options and the differences. Theres quite a few players in the market place now. Costs wise these things are down to about 2% and ~€50 for the device.

nalin

jimmii wrote: »

Given it's a mobile version you're after it's unlikely your bank will have a better value option. If you search for card readers this comes up a LOT on here and will list all the options and the differences. Theres quite a few players in the market place now. Costs wise these things are down to about 2% and ~€50 for the device.

Thanks jimmii, much appreciated

DaveJoyce

To expand on what Jimmii has said, you need to look into the amount of money you will be putting throu the terminal, at 2.75% from SumUp (as an example), 2.6% from Square you will have the following



Monthly transactions of €1000 (taking an average trip price of €10 and 3 people per day wanting to pay by card) is €27.50 I know it doesn't sound like a lot but if your margin is extremely low, or more then 3 people start paying by card a day) then it can be very high.


Your bank will be able to provide a terminal that runs on a sim card for a set monthly fee that does not increase when you income increases

nalin

DaveJoyce wrote: »

To expand on what Jimmii has said, you need to look into the amount of money you will be putting throu the terminal, at 2.75% from SumUp (as an example), 2.6% from Square you will have the following



Monthly transactions of €1000 (taking an average trip price of €10 and 3 people per day wanting to pay by card) is €27.50 I know it doesn't sound like a lot but if your margin is extremely low, or more then 3 people start paying by card a day) then it can be very high.


Your bank will be able to provide a terminal that runs on a sim card for a set monthly fee that does not increase when you income increases

Thank you, all this information is very much appreciated,,

silver2020

Payzone (owned by AIB) is one of the better value options. Debit cards less than 0.4% (cheaper than taking cash), credit cards about 0.75%, and machine rental about €25/month

A 0.5% - 1% surcharge applies to business cards.

Its a long long time since they could charge a 2%+ fee on standard cards

capefear

Have a look at

https://mysplink.com/