In this blog we explore some of the card payment solutions cost comparison Ireland 2023
In Ireland, card payments are the most common way for consumers to pay for goods and services. In fact, according to a recent study, over 90% of consumers use credit or debit cards to make purchases. This means that if you are a business owner, you need to accept card payments in order to stay competitive.
There are a number of different card payment solutions available to businesses in Ireland. Each solution has its own set of features and costs, so it is important to compare them carefully before making a decision.
There are two main types of card payment solutions:
- Payment processors: Payment processors are third-party companies that process credit and debit card payments for businesses. They charge a fee for each transaction, which is usually a percentage of the sale plus a fixed fee.
- Merchant account providers: Merchant account providers are banks or other financial institutions that provide businesses with the ability to accept credit and debit card payments directly. They charge a monthly fee, as well as a fee for each transaction.
Here is a comparison of some of the most popular card payment solutions in Ireland:
- Stripe is a popular payment processor that offers a variety of features, including fraud protection, recurring billing, and in-app payments. Stripe’s fees start at 2.9% + 30c per transaction.
- PayPal is another popular payment processor that offers a variety of features, including buyer protection, international payments, and mobile payments. PayPal’s fees start at 2.9% + 30c per transaction
- Square is a payment processor that is designed for small businesses. Square offers a variety of features, including card readers, in-person payments, and online payments. Square’s fees start at 2.75% + 15c per transaction.
- Worldpay is a payment processor that offers a variety of features, including fraud protection, recurring billing, and in-store payments
- Boipa is a payment processor that offers a variety of options to accept payments whether it is instore, online or on the go
- Barclays is a another established player in the market available to merchants here in Ireland as well. Find more details here:
In addition to the fees listed above, some card payment solutions may also charge additional fees for features such as fraud protection, recurring billing, and international payments. It’s important to read the terms and conditions carefully before choosing a card payment solution.
Once you’ve chosen a card payment solution, you’ll need to set up an account and integrate it with your business’s point-of-sale system or website. This process can vary depending on the solution you choose, so it’s important to follow the instructions carefully.
Once your account is set up and integrated, you’ll be ready to start accepting card payments. Be sure to test the system thoroughly before going live to make sure it’s working properly.
Choosing the Right Card Payment Solution:
When choosing a card payment solution, there are a few factors you’ll need to consider, including:
- Fees: The fees charged by card payment solutions can vary widely, so it’s important to compare them carefully.
- Features: Different card payment solutions offer different features, so be sure to choose one that has the features you need
- Integration: The card payment solution you choose should be easy to integrate with your business’s point-of-sale system or website
- Customer Support: If you have any problems with your card payment solution, you’ll need to be able to get help quickly. Be sure to choose a solution that offers good customer support
We have discussed this in our blog post, “Best Payment Methods For Your Business”, which you may find useful. By considering these factors, you can choose the right card payment solution for your business.
Conclusion
Choosing the right card payment solution is an important decision for any business in Ireland. By considering your needs and requirements, you can choose a solution that will help you to accept card payments, protect your business from fraud, and grow your business.
Here are some additional tips for choosing a card payment solution:
- Get quotes from multiple providers.
- Read the terms and conditions carefully.
- Make sure the solution is compatible with your point-of-sale system or website.
- Ask about customer support options.
- Consider the level of fraud protection offered.
- Make sure the solution is right for your business size and needs.
See also, Why Businesses Lose Money On Merchant Services…
By following these tips, you can choose a card payment solution that will help you to grow your business. We understand you might need help in choosing the right payment solution and comparing costs, why not get in touch with us to save time, research and effort at Businessutilitybroker.ie at no cost to you.