Barclaycard is a prominent merchant service provider in the UK, offering various products such as PDQ machines, card readers and payment gateways.
They offer Barclays Anywhere, a pay-as-you-go option perfect for smaller businesses. These mobile POS devices don’t come with monthly rental fees and are more cost effective than long-term contracts.
Costs
Barclays provides a range of card machines to accept debit and credit cards. These include countertop, portable, and mobile options which can be leased for an initial period of 18 months.
Barclays card machine costs can vary based on the type and brand. They don’t publish exact fees online, so it’s best to call and speak with a salesperson for more information.
If your business is small, a pay-as-you-go contract for the reader can be more cost effective than paying a fixed monthly fee. However, bear in mind that this will only cover device and transaction expenses.
You can reduce your transaction fees by restricting the types of transactions you accept and how much per transaction you charge. These measures help deter fraudulence and lower the chance of chargebacks.
Barclays Payment Processing Packages cater to most Businesses when it comes to payment processing. Their rates for debit and credit card payments are competitive, plus they provide assistance with PCI compliance – essential for small businesses.
Barclays merchant account is a well-established acquiring bank that comes highly recommended for small businesses, especially those new to credit or debit card payments. They boast an excellent customer service record and can assist in setting up your Barclays merchant account, saving time and money in the process.
Barclays is a British universal bank headquartered in London that offers various services to small, medium and large businesses throughout the UK and beyond.
They have been a major player in the financial industry for over 300 years, leading the charge on credit, debit and e-commerce solutions. Their services range from card processing and payment terminals to mobile payments, data reporting/analysis, accounting software and e-commerce solutions tailored to businesses of any size or scope.
They provide a range of card readers and are an excellent option for small businesses that need high quality traditional POS machines from reliable acquiring banks. Furthermore, their mobile app makes them popular among businesses that utilize smartphones or tablets for point-of-sale transactions. Their transaction fees may be slightly higher than some competitors’ but these can be offset by the flexibility of pay-as-you-go billing options.
Features
Barclays is one of the UK’s largest banks and a top merchant service provider. It offers various services like PDQ machines, mobile card readers and payment gateways at competitive prices. Barclays pricing and customer service levels match up well against its competition, making it an attractive option for small business owners looking to boost their cash flow.
It offers a comprehensive selection of Prepaid Debit Card machines (PDQ machines) suitable for businesses with fixed checkouts, including desktop machines and portable card readers. These are perfect for restaurants, cafes and grocery stores alike.
They provide a pay-as-you-go model, meaning there are no monthly rental fees or long-term contracts to worry about. This is great if your business turnover is irregular or you’re constantly on the go.
The only drawback to Stubhub’s customer support is its slow response time when trying to contact a live person. However, this is only an issue and other providers such as Worldpay fare much better when it comes to customer service ratings.
Barclays Pay-as-you-go card readers are the ideal solution for small businesses and freelancers who need to accept payments on the go. Setting up the service is straightforward, while its fees are competitively priced.
Another useful feature is the ability to freeze or unlock an account from Barclays’ mobile app. This enables you to prevent new transactions on your account and can help shield against fraudsters using fraudulent cards.
Card providers also offer an online tool to manage card spending history, giving you insight into when and how your card was used. From there, you can restrict transactions and disable certain types of payments such as cash advances and automatic charges.
This is an invaluable feature that many high street banks don’t provide, so it’s worth taking advantage of it. Not only will this save you money on card processing fees, but it makes managing customer accounts simpler for them as well.
Barclays’ card machine boasts some of the lowest transaction rates in the industry. This is thanks to their extensive expertise and ability to negotiate lower costs for customers. Plus, Barclays is a popular choice among merchants with an expansive network of over 87,000 retailers nationwide.
Customer service
Barclays is one of the oldest banks in the world, providing merchant services to businesses of all sizes. This means they possess a wealth of expertise and can assist you maximize your payment processing solutions.
Barclays offers a selection of payment terminals to process debit and credit card transactions. These include PDQ machines and chip & PIN terminals that can be installed as desktop, portable or mobile machines in various sizes to suit different businesses needs.
These machines have been around for some time and are known for offering quality service at competitive rates. Your rates will depend on the type of card you use, your business’ sales volume, and bank account type.
Generally, you can expect to pay a monthly minimum fee for each transaction and an annual fee if your sales volume falls below a certain level. These charges, often referred to as transaction or interchange fees, can be complicated to understand so it’s best to ask the company directly for more information.
You may opt to have your transactions processed through a Point-of-Sale (POS) system, which offers another convenient way of accepting payments for your business. These systems come in either desktop or mobile versions and offer an easier management interface when managing card processing.
However, most POS systems are expensive to purchase and maintain. Furthermore, they often come with lengthy contract terms, making them unsuitable for small businesses and start-ups.
Barclays POS systems offer several advantages to business owners, but it’s important to do your due diligence before making a final decision. Some POS systems have complex cancellation policies and high termination fees which may prove difficult for some users to comprehend.
Fortunately, there are other acquiring providers that provide superior customer support at lower costs. For instance, Worldpay provides live chat, email and 24/7 phone support as well as 24/7 email assistance.
Barclays provides a range of payment solutions, but is less transparent than some of its competitors when it comes to pricing or early termination fees. This has led to some negative reviews on online forums. Furthermore, the website is somewhat confusing with fewer resources than other merchant service providers – making it difficult to locate answers quickly.
Security
Barclays is one of the oldest and most respected names in payments, so it should come as no shock that they take security seriously. To this end, they’ve implemented the Payment Card Industry Data Security Standard (PCI DSS), a set of requirements designed to safeguard credit card data from unauthorized access and fraudulence.
They boast a secure network, keeping cardholder data away from unsecured areas of their system. Furthermore, they have implemented a vulnerability management program which tests and monitors for potential security holes.
Furthermore, they’ve implemented a range of security measures to prevent theft of their customers’ cards. For instance, they provide users with an instrument which enables them to freeze accounts or unfreeze them, so that no purchases can be made using the card.
The service is user-friendly and offers a robust set of features, making it worth considering for your business. However, the costs may be slightly higher than other payment providers so be mindful of that when signing up.
Protecting cardholder data requires a robust plan. This should include physically locking away sensitive information in a locked room or drawer and setting limits on how long certain employees can access it.
It’s essential to monitor any fraudulent activities on your account, in order to report it promptly to authorities. Doing this can protect both your business and customers alike.
For instance, you can set up a fraud alert with your card machine so it won’t approve transactions until they have been confirmed by a bank official. Staying up-to-date on this will prevent potential scams and save you money in the long run.
Barclays mobile app also allows you to lock and freeze your card, keeping it secure. However, it’s best not to do this without professional assistance.