WorldPayĪs your small business starts to grow, you might need a virtual terminal capable of processing higher volumes of transactions. However, there are additional charges for cross-border payments and currency conversions, which is something to keep in mind for businesses with an international client base. ![]() Transaction fees are easy to understand, without any month-to-month charges. This service also comes with additional features including activity tracking and analytical reports. It comes with built-in brand recognition – most customers have heard of PayPal and trust it to process payments. If your business already uses PayPal to accept payments, you might naturally want to add the company’s virtual terminal to your package. You won’t need to worry about contracts or monthly fees. Like Square, SumUp charges a straightforward fee of 2.95% plus an additional 25p per transaction. It comes with a clean, user-friendly interface and easy setup. SumUpĪnother great option is SumUp, which is particularly well suited to start-ups and business beginners. The virtual terminal service handles PCI compliance and data security, keeping your customer card details safely encrypted. It’s ideal for freelancers, contractors, and small businesses who don’t need to process high volumes of transactions. Square’s virtual terminal offers a simple flat fee of 2.5%. There are dozens of virtual credit card terminal service providers out there Here are our top five picks within the UK. The UK’s five best virtual terminals for small business There’s no need to worry about PCI compliance, as the provider handles and stores customer card details. In all these cases, virtual terminals are designed to handle what are known as MOTO, or ‘mail order/telephone order’ transactions.īenefits include ease of use, a simple set-up, and the ability to take recurring payment from subscribers. Some customers simply prefer making an order over the phone where they can speak to a customer service representative. Retailers can send out product catalogues, and delivery services can accept orders over the phone. ![]() Restaurants can accept deposits, while ecommerce merchants can generate payment links. There are certain types of businesses that are more likely to need a virtual terminal than others. Get started in minutes Learn more Why do you need a virtual payment terminal?
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