UK small businesses have a range of card machines to choose from. When selecting one for your business, ensure it fits the needs and requirements.
These handheld devices can accept credit and debit cards as well as contactless payments like Apple Pay. You may even use them with your smartphone or tablet if it has Bluetooth capability.
Tyl by Natwest
Tyl by Natwest is a card payment solution tailored to small businesses, powered by one of the UK's largest banks. With an easy set-up process and next working day settlements, as well as other features to help merchants expand their operations, Tyl offers the ideal card payment solution.
Card readers come in various sizes, such as countertop models and portable kiosks that can be installed wherever needed. They accept chip and PIN numbers, contactless and mobile wallets from Visa, Mastercard, American Express and Apple Pay.
Card machines provide a range of POS functions, such as inventory management and customer loyalty programs. Furthermore, they have an app marketplace for adding extra functionality.
Tyl, though it doesn't offer as many reporting tools as competitors Stripe and Zettle, is an attractive option for small businesses that don't want to invest in EPOS software. Its transaction fees are comparable to SumUp or Square, plus there's a year-long lock-in period.
Tyl's free Reward program offers customers the chance to say thanks for their loyal patronage. Earn 10 Reward points for every PS1 spent with participating local businesses.
To set up your account with Tyl by NatWest, simply sign up online. Afterward, provide some basic details about your business so they can set up the necessary features on the Tyl Portal for free. Once completed, you can begin receiving payments and monitoring them via the free Tyl Portal.
MyPOS
MyPOS is a card payment machines brand that has been around since 2014. Their mission is to assist small and medium-sized businesses with in-person and online payments, offering free merchant accounts as well as various multichannel tools at no monthly cost.
MyPOS offers two primary models: Carbon and Combo. The former features a large touchscreen with access to all of its apps, while the latter is more compact and lacks certain features.
MyPOS devices not only accept cards but can also add products to an inventory library and monitor stock levels. They're even capable of issuing discounts and setting prices.
MyPOS card readers offer lower transaction costs and no monthly fees than their rivals, though they do come at a higher upfront price than most of their rivals.
MyPOS also provides a selection of remote-accessible services, such as sales data, payment links and electronic invoices. They have even got a website builder to make creating your online store simple.
MyPOS provides a range of POS terminals to meet all business needs, from table-service restaurants to corner shops. The most affordable option is the myPOS Go, which can accept chip and contactless cards. More expensive models offer additional features such as mobile top-ups and gift cards which can all be monitored remotely using the myPOS app on your phone. Plus, every myPOS business account comes with a complimentary Visa debit card for instant access to funds.