credit card terminal costs

[nik]

Hi, I guess there are some people here that have merchant accounts for credit card terminals.
I am trying to get an idea of the cost. The last time I looked, aside from dealing charges, the terminals were about £30 a month to rent and that was too much for me.
I have been looking online, but no one will give a price on a website, they all seem to want you to call them.
So I would be interested if anyone can give me an idea of current deals available.

Thanks, Nick.

[Channel Ribs]

When we were in the UK we got a deal by going through the Guild of Mastercraftspersons, which saved a lot on set up costs and got a good initial commission rate.

The long and the short though is that you will end up paying one way or another.

[nik]

This would be for a B&B, I may not swing it as a craft, thanks though.
My main concern is that monthly standing charge.

[ScotSeats]

Do you need it for mail order or is going to be in a shop where customers are actually handing you the card and expecting to put PIN number in? As if mail order we have a web based system which you input the card details in which in turn means we don't have to pay a rental for a terminal.

[Channel Ribs]

Originally Posted by nik

This would be for a B&B, I may not swing it as a craft, thanks though.
My main concern is that monthly standing charge.

Oh I dunno, a good fried breakfast is a craft if not an art.

If I remember rightly the only way to bring the monthly charge down is to take a hit on the commission rate. Which might work if you restrict it to debit cards?

[nik]

I wasnt aware of that system, it would be good for taking deposits. Can you give me a name?
In the long term I think we would need a terminal, but that could be a good stopgap.

Nick.

[Kernow Buoy]

Nik Barclaycard charge £15 per month plus a setup charge and then of course commision.

[250kts]

Nick

I would recommend a company called Streamline. If you join the Federation of Small Businesses (very reasonable) the deal is very attractive. You dont pay a set up fee, the monthly rental is much reduced, as are the standard % fees for all the cards.
They also set up a Worldpay account free and turn around the money quickly.
Steve

[nik]

I had a quick look at the Federation of Small Businesses site the other day and could not find a mention of that, but I will have another look.

[ashbypower]

No nick Streamline are the people that supply the terminal, and as a member of FSB you'll get discount check out the streamline site. We use them and ars FSB members works out Ok but as has been said you end up paying one way or another!!