Data
Digital Payment Market In 2024
Digital Payment Market 2024 Updated September 2024 Jump to section: Global Payments Revenue Payments Revenue by Type & Region (USD) Payment Type Share by Region
Processing Fees
Credit Card Processing Fees – Oct ’24
Contents Credit Card Merchant Fees – Guide & Latest Rates Credit card processing fees for payments made in person are typically between 0.7% and 3.4% of the
Payment Gateways
International Payment Gateways
Best International Payment Gateways Contents We cover popular payment gateways that are worth considering for UK companies with multinational locations or those looking to process
Guides
Virtual Terminals
Compare virtual terminal prices, software and user reviews. See which best to take phone payments for your specific business.
Data
Payment Fraud Statistics, Trends & Forecasts 2024
Payment Fraud Statistics, Trends & Forecasts 2024 Updated February 2024​ Update history Feb 2024 – Updated all data sets with 2023 and Q1 2024 data.Â
Data
UK Small Business Statistics (2024 Update)
UK Business Statistics 2024 Updated March 2024 Update history Feb 2024 – Updated SME demographics. Added turnover data, business sentiment survey data April 2021 –
Processing Fees
How To Read Your Merchant Statement
Written by Harry Jones Updated 6th Feb, 2024 How To Read Your Merchant Statement In order to read your merchant statement, you will need to
Payment Gateways
Stripe vs Adyen
Written by Harry Jones Updated 6th Feb, 2024 Stripe vs Adyen Stripe and Adyen are prominent players when it comes to accepting payments, but both
Payment Gateways
Stripe vs Paypal
Written by Harry Jones Updated 6th Feb, 2024 Stripe vs PayPal In the eyes of many businesses, Stripe and PayPal are the two primary options
Payment Gateways
Stripe Review: UK Fees, Features & Alternatives
Written by Harry Jones Updated 6th Feb, 2024 Article Updates 6th Feb 2024: Rewrote article with more comprehensive data on what Stripe offers, greater detail
Payment Processors
UK Payment Processing Companies & Merchant Account Providers
UK Payment Processing Companies & Merchant Account Providers Article Updates Oct 2024: Added Clover with indicative fees. Oct 20th 2023: Added detailed transaction fees tables
Card Readers
8 Best Card Machines For UK Small Businesses In 2024
Compare non contract contactless mobile card readers for UK small businesses. Square, Zettle, SumUp, Barclaycard Anywhere, MyPos and more.
How To Switch Payment Providers Without Hassle
Home Switch Payment Providers Without the Hassle Comparing payment providers has been made easier for UK businesses thanks to recent rule changes by The Payment
Payment Gateways
16 Payment Gateways and Online Payment Systems 2024
16 Payment Gateways and Online Payment Systems 2024 We’ll list the more popular payment gateways that can integrate with multiple merchant account providers and those
Card Readers
Contactless Card Readers for Android & iPhone
Contactless Card Readers for Android & iPhone Small businesses with low card payment turnover have the option to use a contactless card reader with a
What Are Chargebacks & How Can I Reduce Them?
Contents What Are Chargebacks & How Can I Reduce Them? A chargeback occurs when an issuing bank forcibly reverses a transaction, usually at the request
Merchant Category Codes (MCCs)
Contents What Are Merchant Category Codes (MCCs) & Why Do They Matter? Merchant Category Codes (MCCs) play a key role in payment processing. Having a
Card Readers
Compare Card Machine Costs (One-Off & Monthly)
Home Card Machine Costs Card machine charges have come down in recent years, but it can still be complicated to work out the relevant costs
Data
Mobile eCommerce Stats & Trends
Global Mobile eCommerce Statistics, Trends & Forecasts Jump to section on: Global Ecommerce Mobile Ecommerce Proximity Payments Market Share Of Payment Methods Device Market Share
PSD2 Authentication
Home PSD2 Authentication: UK Small Business Guide For businesses accepting card payments, implementing the revised Payment Services Directive (PSD2) is becoming increasingly complex. National regulators,
What are payment reversals and how to avoid them?
Home What are payment reversals and how can you avoid them? A payment reversal occurs when the funds from a transaction are returned to the
Payments 101
What Are Card Not Present (CNP) Transactions & Their Fees?
Home Guide to card-not-present (CNP) transactions and fees Credit and debit card payments can be broadly split into two categories: card-present (CP) and card-not-present (CNP)
Debt Collector Merchant Accounts
Home High Risk Merchant Accounts For Debt Collection Companies Securing a merchant account for debt collection companies is difficult, given the high-risk status of businesses
Payments 101
What Are Payment Facilitators (Payfacs) & Their Pros & Cons?
Home Payment facilitators (Payfacs): What are they are should you use one? A payment facilitator enables businesses to accept debit and credit card payments without
PCI DSS: 4 Compliance Levels & 12 Requirements
Home PCI DSS Guide & Checklist If your business takes card payments from customers, you must ensure your procedures comply with Payment Card Industry Data
Payments 101
What is an ISO payment processor and should I use one?
Home What is an ISO payment processor and should I use one? During your research you may come across one of the 60+ Independent Sales
Knowledge Hub
Knowledge Hub Payments 101 List of payment processors Compare merchant service providers, merchant accounts, acquirers, payment gateways, payment processors and payment facilitators for UK SMEs.
What Are Scheme Fees & How Are They Calculated?
What Are Scheme Fees & How Are They Calculated? In this scheme fees guide we’ll cover what scheme fees are, who charges them and the
What Is A Merchant Cash Advance & Should You Get One?
What Is A Merchant Cash Advance & Should You Get One? We define what a merchant cash advance is, the benefits and drawbacks, how to
What is Interchange Plus (IC+ Pricing)?
Contents What is Interchange Plus (IC+) Pricing? Interchange Plus (IC+) is a pricing model typically only offered to merchants with a high annual card turnover. Approximately
Processing Fees
Blended Pricing vs Interchange Plus (IC+) Pricing
Contents Blended Pricing vs Interchange Plus (IC+) Pricing Blended pricing and Interchange (IC+) pricing are fee structures offered by payment processors to merchants. These pricing
Processing Fees
What Are UK Interchange Fees & How Are They Calculated?
Contents What Are Interchange Fees & How Are They Calculated? Interchange fees, also known as interchange reimbursement fees or interchange rates, are transaction charges that
EPOS
Retail POS: 5 Best Point of Sale Systems For Small Businesses
We compared 5 best retail POS systems on the market to help you find the one to manage your payments efficiently and keep your customers satisfied.
Card Readers
Guide To PDQ Machines
Home Compare PDQ Machine Types & Costs (2022 Update) What is a PDQ Machine? PDQ (process data quickly) machines are just another name for card
Data
50+ Global Mobile Payment Stats & Trends
Amazing Stats Demonstrating The Unstoppable Rise of Mobile Payments Globally Updated January 2022 Mobile proximity payments are the future as we move towards a cashless
Online
15 Online Payment Systems For UK Businesses in 2024
Home 15 Online Payment Systems For UK Businesses Before we look into which online payment systems may be best for your business lets briefly
Ecommerce
Best 19+ eCommerce Platforms For UK Small Businesses
Contents Best eCommerce Platforms For UK Businesses The UK eCommerce market is by far the largest in Europe and online sales are taking a larger
Card Readers
Square Reader vs. Zettle Card Reader 2 vs. SumUp Air
Square Reader, Zettle Card Reader 2 and SumUp Air. See which is best for UK small businesses. Compare Price, Specs, Integrations, Features & Transaction Fees.
Payments 101
What Are Merchant Services?
Home What are merchant services? Merchant services, also referred to as card processing services, are facilities that handle electronic card transactions, enabling the transfer of
Payments 101
What Is a Payment Service Provider (PSP)?
Home What Is A Payment Service Provider (PSP)? Payment service providers (PSPs) enable merchants to accept digital payments, including credit cards, debit cards and Direct
Payments 101
Opayo Review (formally Sage Pay)
Opayo (formerly Sage Pay) Merchant Services Review Opayo is a relatively new name in the payment processing scene. It was formally Sage Pay and rebranded
Card Readers
Zettle Card Reader 2 vs SumUp Air
Compare Zettle Card Reader 2 (previously iZettle) and SumUp Air. Compare the features, price and functionality.
Card Readers
Square Reader vs Zettle Card Reader 2
We review and compare the functionality, support, compatibility and prices of Square and Zettle Readers to see which is best for small businesses.
Card Readers
Square Card Reader Review
Review of Square Card Reader and POS software. Compare the features, prices and functionality between Square, SumUp and Zettle Reader 2.
Barclaycard Merchant Services Review
Barclaycard Merchant Services Review & Fee Analysis Article Updates Nov 22nd 2023: Updated fees for in person and online payments at differerent card turnover thresholds.
Card Readers
Zettle Card Reader 2 Review
Review of Zettle Card Reader 2 (previously iZettle). Compare the features, price and functionality vs Square & SumUp. Get our verdict.
Payments 101
What Is a Merchant ID Number?
Find out what a merchant number or merchant identification number (MID) is, whether your business needs it and how to get one.
Payments 101
Payment Gateway vs Payment Processor: What Is The Difference?
Payment Gateway vs Payment Processor: What Is The Difference? The terminology in the payment’s industry can be confusing. Many terms are used interchangeably and most
UK Guide To Online Gambling Payment Processing
Home Guide To Online Gambling Payment Processing The remote (online) betting, bingo and casino sector accounted for yearly revenues of £5.7 billion in the UK
Guide To Forex High-Risk Merchant Accounts
Home Forex High-Risk Merchant Accounts & Best Payment Processing Solutions The foreign exchange trading industry is considered high-risk when applying for merchant accounts for several
Payments 101
How To Take Card Payments Over The Phone
Read our step-by-step guide on how to take card payments over the phone, including safety and compliance measures & the benefits of remote payments.
Travel Agency Payment Processing
Home Payment Processing For The Travel Industry: How to Find the Right Merchant Account For Your Travel Business The past few years have been difficult
Do I Need A Payment Gateway & What Type?
Compare payment gateways and merchant service providers We’ll get you preferential rates & lower your card processing costs Access 90% of the UK’s leading acquiring
Payments 101
What Is A Merchant Acquirer?
Home Merchant Acquirers Whilst there are over 100 merchant card acquirers and over 50 payment facilitators providing services to UK businesses 97% of UK card transactions
Online
How to Accept Payments Online
Contents How to Accept Payments Online eCommerce and internet-based businesses are booming, with an estimated 4 trillion spent on retail ecommerce in 2020 representing a
Payments 101
Cheapest Card Processing Services
Home Cheapest Merchant Services For Small Businesses Finding a cheap merchant service provider is not as simple as comparing card processing fees in a table.
Payments 101
Evo Payments
Evo Payments Review EVO Payments was initially founded in 1989 as Merchant Services Inc. so this is no spring chicken in the payments services industry.
EPOS
Lightspeed Restaurant Review
★★★★★ 4.5/5 Visit Site Contents Dedicated restaurant POS Excellent UI & usability Extensive reporting Fully customisable Offline functionality Excellent customer service Offline mode requires additional
EPOS
Nobly POS Review
Review of Nobly Restaurant EPOS system. Compare features, prices and user reviews against other restaurant and cafe POS software.
EPOS
Lightspeed Retail Review
Find the best EPOS system for your business by comparing leading suppliers Compare the best POS systems for retail and hospitality businesses. Find the best
Payments 101
First Data Merchant Solutions Review
First Data / Fiserv Review Things we like: Wide range of products available. Support for international payments. Range of pricing structures. Things we don’t like:
Payments 101
Global Payments Review
Global Payments Review If you are a large business, processing a great number of transactions or with a big international audience, then Global Payments could
Payments 101
Elavon Review
Elavon Review As a major payment processor, Elavon has a lot of things going for it — customers can make use of a great many
Payments 101
Trust Payments
Trust Payments Trust Payments, formally Secure Trading, is worth considering for SME’s who are in need of an all-in-one payment solution. Things we like: All-in-one
EPOS
Best EPOS Systems & Tills For Restaurants
Best EPOS Systems For Restaurants & Bars Compare the best POS systems for hospitality businesses. Best EPOS Systems For Restaurants & Bars Compare the best
News
What Happened to AlertPay.com and Payza.com?
We look at the history and current status of two popular payment processors that secretly processed $250 million of illegal payments.
EPOS
Vend POS Review
Check out our comprehensive review of Vend POS. It is an affordable and highly effective cloud-based POS software and retail management platform designed for retailers of all sizes.
Ecommerce
BigCommerce vs Shopify
BigCommerce and Shopify go head to head to see which is the best self-hosted eCommerce platform for UK businesses. Compare features, costs, themes, plugins etc.
Ecommerce
WooCommerce vs Shopify: Choose The Best eCommerce Platform For Your Online Business
Shopify and Wordpress go head to head. Compare features, cost, east of use and get our verdict which may be best for your ecommerce site.
Recurring Payments
Top 10 Direct Debit & Recurring Payment Options For Small Businesses
Compare the 10 best direct debit & recurring payments providers for UK businesses. Compare fees, features, pros and cons.
EPOS
Compare The Best EPOS Systems For UK SMEs in 2024
EPOS systems pros & cons, support, features, ease of use, hardware + monthly fees of Square, Zettle, Lightspeed, Vend, TouchBistro and PointOne.
Payments 101
NetPay
NetPay Review: Payment Services For Businesses Of Every Size Things we like: Extensive payment services Competitive pricing Fairly transparent pricing Flexible rental options Things we
Retail Merchant Services Review
Retail Merchant Services Review Retail Merchant Services (RMS) is a payment service provider for small businesses. Founded in 2007, the Milton Keynes based firm doesn’t
Card Readers
SumUp Air Card Reader
Pros, cons, hardware, ease of use, fees and support of the SumUp Air Card Reader. See how it compares to Square and Zettle.
Ecommerce
Klarna Review
Pros, cons, hardware, ease of use, fees and support of Klarna for UK businesses. See how it compares to other online payment processors. Make a savvy choice.
EPOS
Epos Now Review
In depth review of Epos Now for UK business’s. We look at the features, fees, hardware, ease of use and support. Compare with other POS providers.
Data
UK Credit Card Statistics
We look at the latest published uk credit card data. Includes data on Card Ownership, Usage, Transactions, Borrowing, Fraud, Apps, Online, Mobile & Write-offs.
Payments 101
Worldpay Review
Home Article Updates 20th Oct 2023: Added transaction fee table. Updated Truspilot score. Sept: 2022: Updated fees and card machine information. Sept: 2018: First published.
Payments 101
What Is A Merchant Account?
Home What Is A Merchant Account? A merchant account is a type of business bank account that enables a business to accept and process electronic
Payments 101
High-Risk Merchant Accounts
Compare high risk merchant account providers and secure the lowest card processing fees Receive preferential rates from trusted high risk payment processors Compare multiple merchant
Handepay Review
Handepay Review Handepay is a UK based independent merchant account provider that is an authorised ISO of Evo Payments International and also has a partnership with
Braintree Review
Braintree Merchant Services Review Braintree is the online and mobile payment provider trusted by the likes of Airbnb, Uber, GitHub and countless other startup giants. That
HSBC Merchant Services Review
HSBC Merchant Services Review HSBC offers its merchant services and payment gateway through third-party supplier Global Payment Inc. And just to make things that extra
Allied Irish Bank Merchant Services (AIBMS) Review
Home AIB Merchant Services Review AIBMS is a joint venture between Allied Irish Bank (AIB) – one the top four banks in Ireland – and
Lloyds Bank Cardnet Review
Home Article Updates 24th Oct 2023: Added transaction fee table. Added new card machines available. Aug 2021: Updated fees and card machine information. Sept 2018:
Paymentsense Review
Paymentsense Review Pros Quick and free set-up Card machine & POS integration 24-hour UK-based phone support Cons Poor customer service reputation Some pushy independent sales
