Pay As You Go Card Acceptance for Small Businesses
Payatrader, a low-cost card acceptance service is helping small businesses to collect payments more quickly and easily by providing a “Pay As You Go” card acceptance service – with no monthly fees, minimum usage charges or any other financial or contractual commitment. It also provides a free Virtual Terminal, enabling businesses to take payments over the telephone without the need for a physical device. Payatrader, now used by hundreds of small businesses, beats many of the established providers that typically charge hundreds of pounds a year in fixed or leasing costs, making it uneconomical for businesses that take low volumes of payments.
Bill Thomson, Managing Director and Co Founder of Payatrader, developed Payatrader to address a gap in the market for a “low cost, no financial commitment” card acceptance service. Until now, accepting card payments has not been economically attractive for small traders because the associated monthly and minimum usage charges were disproportionate to the small trader’s volume of transactions. This has meant that these groups have had to rely on payment by cheque or cash in their businesses – and deal with problems such as delayed, missing and failed payments”
With Payatrader, businesses can take payments online, by telephone using a Virtual Terminal, by mobile, email and using a 24/7 contact centre – all for a one-off joining fee of £99. There is no need to open a separate merchant account and rates are competitive, from 2.3%.
Customers using the service include OvenU franchises, Yes School of Motoring and Pitman Training together with hundreds of sole traders & partnerships including builders, locksmiths, painters & decorators, carpet cleaners, photographers and many more who find the more established providers too expensive.
Payatrader is a credit & debit card acceptance service operated by Acceptacard Limited, provider of the UK’s first dedicated, low cost card acceptance solution for small businesses.