Best Merchant Account for Small Businesses

If you’re looking for the best merchant account for small businesses, then there are plenty of options out there. Several companies offer merchant accounts that allow you to keep track of your funds, take payments, and manage your money locally and internationally. However, many factors make some merchant accounts better for your business than others.

Whether you’re adapting your business to modern banking or launching a start-up, the right merchant account can help. You can get dedicated merchant accounts that only manage your funds or aggregated ones that pool funds from multiple accounts. You could choose a merchant account that offers a stable contract or a more flexible pay as you go method. And, finally, each one offers different transaction fees.

Because of this, it can be tricky to know which merchant account is best for small businesses. But, with Business Quotes, you can make the right decision for yours. Our system allows you to compare quotes from leading providers to save money on your new merchant account. And, with high-quality options to compare, you can find the best deal for the best account to suit your business.

What Makes a Merchant Account Good for Small Businesses?

With a merchant account, small businesses can enter the modern world. Merchant accounts give your business more power than ever before, giving you a global outreach that’s anything but small. Not only that, it can allow you to work flexibly. By giving you control of your funds, you can make more well-informed business decisions, whether you’re on-site or on the go.

If you need a merchant account for small businesses, then looking at the contract details can help. If you have stability, then a contract can be cheaper in the long run. However, especially if you’re just starting up, it could be better to choose a pay as you go option. As a result, you’ll only have to pay for your merchant account as long as you want or need it.

Not only that, the transaction fee can be more important than you think. While the difference may only be a few decimal points, that difference can cost thousands over time in fees. So, when you pick a merchant account for small businesses, there’s a lot to consider. But, with Business Quotes, you can see all the options quickly and easily to discover which account suits your business best.

Merchant Account Providers for Small Businesses

Some of the best merchant account providers for small businesses offer pay as you go contracts. Because of this, you can start a business up without a high initial fee or any obligations. SumUp and Square are some of the most popular providers, offering EPOS systems and virtual payments in addition to the merchant account. As a result, you can control your payments in one place.

However, you might want something more stable. Contract merchant account providers include Barclaycard and Worldpay, two of the most prestigious companies in the sector. You can either pay monthly or pay as you go with these providers, but you are tied into a long-term contract with both. However, Barclaycard and Worldpay can continue to help even as your business grows in size with their large infrastructure.

Finally, it can help to find merchant account providers that offer small transaction fees. As a result, you can save more money for your business with each payment you process. Stripe, for example, can offer fees as low as 1.5%, although 10p is added to each. Barclaycard offers flexible fees depending on transaction volume, while SumUp offers the best base fee at 1.69%. All these things should factor into your decision.

Merchant Account for Small Businesses Prices

It can be tough to compare merchant account options for small businesses by yourself with all this to consider. But, with Business Quotes, you can get more control over your investment. You’ll be able to see a range of quotes from leading merchant account providers in minutes. From there, you can decide which deal is right for your business and your budget.

We can help you find a merchant account for the needs of any small businesses in the UK. Whether you want to stay local, go global or take payments online, we can help you find an account that does that and so much more. And, with our simple comparison tool, you can also see which ones will cost your business the least. Because of this, you’ll be able to make a more well-informed investment in your business.

So, if you want a merchant account to suit any small businesses, get in touch with Business Quotes today. You can compare quotes on our website today in just minutes.

Alternatively, you can contact our friendly team by calling us on 01223 776 104 to find out more.

We look forward to helping you save money on your new merchant account today!