Which is the best virtual payment terminal, then?
If you only accept remote payments occasionally, you should go for an option without fixed monthly costs – that would be Square or SumUp. Square has the best overall features and value-added, free tools for a lower transaction rate than SumUp, so comes away as the clear winner.
But there could be a few reasons for choosing SumUp instead: convenience if you’re already using their card readers, the straightforward virtual terminal in an app and its integration with other SumUp payments.
Of the ones with monthly or annual fees, Takepayments and Worldpay are better for custom fees and a larger range of virtual terminal features. The problem for them both is their lack of mobile responsiveness, so you do need to get on a laptop to use them.
Takepayments is better for customer service compared to Worldpay’s poor track record in recent years. But Takepayments does require a year’s lock-in which is not ideal for some businesses, whereas Worldpay lets you cancel any month.
PayPal takes the bottom place because of its high monthly fee, requirement to sort out PCI-DSS compliance separately (with fees) and high rates for international cards. It’s expensive for what it is, but you do receive payments quickly in an online account and can manage all PayPal transactions in one place.
Strengths of each virtual card terminal: