NacMan 67 Posted October 13, 2019 Whos best to get a card machine with? What do your providers charge? Thanks Share this post Link to post Share on other sites
Oakham Cars 0 Posted October 13, 2019 I use iZettle. No monthly fee just a 1.75% charge per transaction. My volumes are very low and only take deposits with it. If your volumes are much higher then something else may be a better fit. Share this post Link to post Share on other sites
David Horgan 564 Posted October 14, 2019 Depends on the turnover you can provide them with , how long you been in business? , Where your premises are at? . Selling from home could be a problem , if they see only a few cars that also could be a problem , haven't got any signs up outside your business that's a problem . Then it depends on the type of terminal you want too . Roaming mobile , internet based , wired in,all have differing costs from £15 / £35 a month Ring round a few and see where the land lies in your area and what the rules are would be my advice . No one company fits all situations . Share this post Link to post Share on other sites
NacMan 67 Posted October 14, 2019 7 hours ago, David Horgan said: Depends on the turnover you can provide them with , how long you been in business? , Where your premises are at? . Selling from home could be a problem , if they see only a few cars that also could be a problem , haven't got any signs up outside your business that's a problem . Then it depends on the type of terminal you want too . Roaming mobile , internet based , wired in,all have differing costs from £15 / £35 a month Ring round a few and see where the land lies in your area and what the rules are would be my advice . No one company fits all situations . Just got one with worldpay They didn't ask any questions just looked at my turnover 22 hours ago, Oakham Cars said: I use iZettle. No monthly fee just a 1.75% charge per transaction. My volumes are very low and only take deposits with it. If your volumes are much higher then something else may be a better fit. I was thinking about izettle for deposits too however imagine they want to buy the car in full lol 1.75% out of my margin Share this post Link to post Share on other sites
MrC 142 Posted October 14, 2019 We dont have a card machine. Bank transfer all the way Share this post Link to post Share on other sites
TangoVictor32 90 Posted October 15, 2019 2 hours ago, MrC said: We dont have a card machine. Bank transfer all the way Why cant banks provide their own card machines with very low percentages or even one at all? Is there regulation? It would sure help out small businesses as bank transfers arent always instant. A lot of banking apps do have daily limits to new payees Share this post Link to post Share on other sites
Arfur Dealy 823 Posted October 15, 2019 8 hours ago, MrC said: We dont have a card machine. Bank transfer all the way Me too. It’s free Share this post Link to post Share on other sites
NacMan 67 Posted October 15, 2019 10 hours ago, MrC said: We dont have a card machine. Bank transfer all the way Ive tried that lost two sales this week due to them not being able to leave a deposit on the spot! they went and found a different vehicle closer. 2 Share this post Link to post Share on other sites
Rory RSC 596 Posted October 15, 2019 1 hour ago, NacMan said: Ive tried that lost two sales this week due to them not being able to leave a deposit on the spot! they went and found a different vehicle closer. RMS do same day and next day payments. Worth a shout. If someone is in the office and wants to pay and take the car away quite happy to take the lot on a debit card, saves waiting around for transfers. 1 Share this post Link to post Share on other sites
Mark101 536 Posted October 15, 2019 17 minutes ago, Rory RSC said: RMS do same day and next day payments. Worth a shout. If someone is in the office and wants to pay and take the car away quite happy to take the lot on a debit card, saves waiting around for transfers. +1 Any payment method is welcome here but finance will always be my preference. Share this post Link to post Share on other sites
Holmfirth Cars 12 Posted October 15, 2019 Hi, id take back control and REFUSE TO HAVE ONE, LOOK AT THE BENEFITS : no commision instant payment ( we ask for Bank Transfer-internet bank ) Better legal ground for the Dealer No refunds-no claw backs I sent my machine back 3 years ago, used to use Global Payments, absolute nightmare they are !!! 1 Share this post Link to post Share on other sites
CRW 73 Posted October 15, 2019 2 hours ago, Holmfirth Cars said: I sent my machine back 3 years ago, used to use Global Payments, absolute nightmare they are !!! Totally agree, Global Payments are a nightmare. Terminated my agreement with them a few months back, got some extra penalty charge on my last statement. Fine, whatever. Told me they would be in touch regarding collecting my unit. A week or so back they organised collection, then sent me an invoice for £90 "unit reconditioning charge". Wouldn't recommend anyone ever to use them. Share this post Link to post Share on other sites
NacMan 67 Posted October 15, 2019 10 hours ago, Rory RSC said: RMS do same day and next day payments. Worth a shout. If someone is in the office and wants to pay and take the car away quite happy to take the lot on a debit card, saves waiting around for transfers. Will look into it! Share this post Link to post Share on other sites
TangoVictor32 90 Posted October 15, 2019 Am i the only one that insists on cash? With crisp notes and queens head facing the correct way? Coins incur a 5% handling charge 1 Share this post Link to post Share on other sites
NacMan 67 Posted October 15, 2019 8 hours ago, Holmfirth Cars said: Hi, id take back control and REFUSE TO HAVE ONE, LOOK AT THE BENEFITS : no commision instant payment ( we ask for Bank Transfer-internet bank ) Better legal ground for the Dealer No refunds-no claw backs I sent my machine back 3 years ago, used to use Global Payments, absolute nightmare they are !!! So no credit card? What if they get put off? they recon they have It safer via debit Share this post Link to post Share on other sites
Rory RSC 596 Posted October 16, 2019 10 hours ago, NacMan said: So no credit card? What if they get put off? they recon they have It safer via debit Taking card is useful for deposits or payment in full on the day. If someone leaves a deposit and comes back transfer in advance should never pose an issue. Costs are negligible over a month. Share this post Link to post Share on other sites
Nick M.K. 574 Posted October 16, 2019 Card machine is an absolute must to take deposits over the phone and deposits on the day. Every now and then you will also get a customer that doesn’t do online banking or has a low transfer limit (£1000 a day) in which case take the lot on a debit card instead of spending an hour driving them to their bank and bank. Do not be penny wise and pound foolish when looking at card providers. 1 Share this post Link to post Share on other sites
BHM 994 Posted October 16, 2019 12 hours ago, TangoVictor32 said: Am i the only one that insists on cash? With crisp notes and queens head facing the correct way? Shhhhhhh! Don’t tell anyone! “Cash” is a dirty word nowadays & is to be avoided at all costs. Apparently. 1 Share this post Link to post Share on other sites
Nick M.K. 574 Posted October 16, 2019 58 minutes ago, BHM said: “Cash” is a dirty word nowadays & is to be avoided at all costs My buyers certainly get told that we can't discount just because they have cash. I don't actively avoid it but would prefer a bank transfer. Share this post Link to post Share on other sites
David Ayers 171 Posted October 16, 2019 1 hour ago, Nick M.K. said: My buyers certainly get told that we can't discount just because they have cash. I don't actively avoid it but would prefer a bank transfer. +1 1%+Vat to pay it in to the bank! Share this post Link to post Share on other sites
justina3 518 Posted October 16, 2019 3 hours ago, BHM said: Shhhhhhh! Don’t tell anyone! “Cash” is a dirty word nowadays & is to be avoided at all costs. Apparently. Would say dirty but i avoid it at all costs, due to the banking charges incurred when paying it in. Share this post Link to post Share on other sites
Rory RSC 596 Posted October 16, 2019 11 minutes ago, justina3 said: Would say dirty but i avoid it at all costs, due to the banking charges incurred when paying it in. Plus the time, our nearest branch is 15 mins without traffic, aways a queue, never get parked ends up taking 45 mins just to nip to the bank to get charged for the privilege Share this post Link to post Share on other sites
AAM90 22 Posted October 16, 2019 I use Payment Sense 0.3% Debit 0.7% Credit £15 per month wired terminal I wouldn't be without it With my stock profile I have quite a few elderly customers who can not/wiil not do bank transfer Preference is £200 deposit on card and bank transfer before/on collection 19 minutes ago, justina3 said: Would say dirty but i avoid it at all costs, due to the banking charges incurred when paying it in. Don't bank it spend it. I use any cash taken to pay for tyres and other expenses. Although it can take a while to get rid of sometimes! Share this post Link to post Share on other sites
justina3 518 Posted October 16, 2019 25 minutes ago, AAM90 said: I use Payment Sense 0.3% Debit 0.7% Credit £15 per month wired terminal I wouldn't be without it With my stock profile I have quite a few elderly customers who can not/wiil not do bank transfer Preference is £200 deposit on card and bank transfer before/on collection Don't bank it spend it. I use any cash taken to pay for tyres and other expenses. Although it can take a while to get rid of sometimes! That would never work for us plus its always the first port of call during a HMRC inspection, over the years i have just found it easier to avoid the stuff. As in all things in life what works for you doesnt for others. Share this post Link to post Share on other sites
Holmfirth Cars 12 Posted October 16, 2019 The world is changing, Bank Transfer is simple, fraud free, and clears instantly, take a cash deposit initially,, we do circa £300, then the rest via Internet -Phone-Bank Transfer. MOST OF OUR CUSTOMERS HAVE A BANKING APP ON THEIR PHONE-SIMPLE. Or they can go into any Bank and transfer it securely , or B Society , or telephone Banking. CREDIT CARD = wide open to excessive charges, chargebacks, and the customer has greater legar leverage using a CREDIT CARD-BE WARNED !!! Share this post Link to post Share on other sites
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