It's no surprise that millions of businesses continue to rely on PayPal as their preferred merchant service provider. However, it's important to note that this convenience comes at a cost. PayPal charges a transaction fee of up to 3.4% of the total transaction value, which can significantly eat into your profits.
One such option is Stripe. With Stripe, you only pay as you go, with fees as low as 1.4% of transactions for EU-based cards, plus a 20p charge. For non-EU purchases, the rate is slightly higher at 2.9% + 20p. These rates are not only cost-effective but also transparent, with no hidden charges or monthly fees.
Stripe may be the ideal solution for you. However, it's important to be aware of Stripe's termination policy, which can sometimes come with unexpected fees. It's always wise to stay vigilant and protect yourself against potential scammers in the online payment industry.
If you're in the market for a monthly contract payment gateway, we recommend taking a look at Sentient Group's low-cost eCommerce merchant services. Their rates are incredibly competitive, often less than 1%, depending on your industry, products sold, and transaction values. By switching to Sentient Group, you can save a significant amount on finance charges and optimize your costs.
Don't let excessive finance charges eat away at your income. Take a closer look at your current costs and explore the affordable options available to you today.
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An experienced and qualified Web Designer based in Wrexham, a Chartered IT Professional and a Fellow of the British Computer Society.
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