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How do you get a Chip and Pin machine?
FatVonD
Posts: 5,315 Forumite
in Techie Stuff
I hope I've got the name right, I'm meaning one of the little machines you put your card into to pay for something in a shop. Does anyone know how a small business would go about getting one, please?
Make £25 a day in April £0/£750 (March £584, February £602, January £883.66)
December £361.54, November £322.28, October £288.52, September £374.30, August £223.95, July £71.45, June £251.22, May£119.33, April £236.24, March £106.74, Feb £40.99, Jan £98.54) Total for 2017 - £2,495.10
December £361.54, November £322.28, October £288.52, September £374.30, August £223.95, July £71.45, June £251.22, May£119.33, April £236.24, March £106.74, Feb £40.99, Jan £98.54) Total for 2017 - £2,495.10
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Comments
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Talk to your business bank, or look on google
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You need to apply for a merchant account with your bank. Good luck with that TBH. Depending on what business you're in, you could have no chance. Also, the fees are quite substantial - a monthly charge plus per transaction.0
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Thank you both, blindingly obvious when you think about it (which I clearly didn't!) I will speak to my bank
Make £25 a day in April £0/£750 (March £584, February £602, January £883.66)
December £361.54, November £322.28, October £288.52, September £374.30, August £223.95, July £71.45, June £251.22, May£119.33, April £236.24, March £106.74, Feb £40.99, Jan £98.54) Total for 2017 - £2,495.100 -
You need a POS Merchant. e.g. http://www.adelante.co.uk/chipandpin.html0
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Join the FSB and get one through them0
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Speak to your small business manager at your bank branch.
They used to be called PDQ Machines
Check the costs there is normally a monthly fee, this may include the transaction costs. If the transaction costs aren't included look at them very closely, different cards (Visa, Master, Amex, Debit or Credit) charge different % fees it's normally 1.5% or 2% of the transaction.
More small businesses are being forced into Chip & PIN due to less people using cheques and cash, but workout the full costs and compare them with other banks.
I did see an App for an iPhone for small business who wanted to take Chip and PIN payments, not sure if it every got off the ground with it.0
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