Leading Internet Merchant Account Providers in the UK
If you are about to start doing business online, it is imperative that you find a way to process payments securely on your website. Your first instinct might be to get a quote from your local high street bank, such as HSBC or Barclays. However there are a number of Internet Merchant Account providers that charge smaller fees and offer secure payment gateways. Let’s take a look at five of the leading Internet Merchant Account providers in the UK.
If your credit is not that great, this might just be the ideal Internet Merchant Account for you. They boast a 99.9% approval rating and their fees are still remarkably low.
WorldPay
This credit card processor has some of the lowest fees online and they integrate well with most shopping carts. They have legions of satisfied customers and they just recently announced a free MOTO payment processing option. World Pay is part of the Royal Bank of Scotland and has built up an excellent reputation as a merchant account provider.
This is an online payment company that specialises in payment solutions for smaller businesses and start ups. They do not charge monthly fees to their customers and also provide instant cash withdrawals.
PayPal
While PayPal is not technically a traditional merchant account, they do offer good options for new businesses and people that cannot afford to open a merchant account. Most accounts do not incur any additional fees over and above transaction fees. As a bonus, PayPal performs automatic currency exchanges, making it ideal for global businesses.
PayPoint.net
As an online payment provider Paypoint.net can offer a vast array of solutions based on your business size. If you already have an online merchant account, their payment gateways are quite flexible, they have some of the best fees around, and their customer service is very prompt. They also provide packages of complete solutions including an online merchant account and payment gateway and offer highly competitive rates.
These are just a few of the payment processing options that are available to UK merchants. Lloyds of London also offers a good processing plan and there are several other smaller banks that are willing to work with small or new businesses. When deciding which type of Internet Merchant Account is right for you, remember to look at processing fees, monthly fees and whether or not they will hold your money in escrow.
