Payment Processing

You may well be in a position to start taking payments or maybe you are looking to make a change to find an alternative payment solution. Which ever way you look at it, the process you are wanting is the same across various payment processing companies and software. So, how do you choose the best for your business? Knowing what the differences are between suppliers is a good starting point. So, here are the best four innovative payment processing software companies that we recommend.

Opayo - Previously named Sage Pay

Pros: No hidden fees, 24/7 telephone support available, quick to set up, strong customer service reviews on Trustpilot.

Cons: Opayo is more expensive than Sage Pay was.

Best for: Small businesses who want to go with a trusted name.

SumUp

Pros: SumUp’s offering has a fixed transaction rate which is lower than its competitors and no monthly fee. It also has paperless onboarding and no contractual obligations. The Air can make up to 500 transactions on a single charge while the 3G has unlimited mobile data and WiFi connectivity.

Cons: There’s no phone support on weekends or late evenings and their social media feeds have several complaints about poor customer service.

Best for: Remote businesses, such as freelance beauticians or food vans.

Zettle

Pros: This payment processing platform has no contract and the ability to integrate with Xero and Shopify. It’s also compatible with iOS and Android, accepting Samsung, Google and Apple Pay. It has a visually pleasing design and you get deposits to your bank account in one-two business days.

Cons: The only phone support is available 9am-5pm Monday to Friday.

Best for: Food and drink, retail, health and beauty and service-based businesses that run on multiple platforms

Square

Pros: Square is an easy to use payment gateway with quick launch and a free magstripe reader which accepts international cards. Invoicing and virtual terminal are also included. Integrate Xero and Excel for accounting and elect to get your money the next business day.

Cons: Reviews on Trustpilot reveal that customer service is lacking and that the Square isn’t compatible with all handsets.

Best for: Small businesses with less consistent sales who want to start up quickly.