For a small business, cost are often paramount to choice. If you earn above £1,500 monthly through PayPal, the card rates become closer to iZettle’s and SumUp’s – that is, if you only accept chip and PIN or contactless and avoid Amex. The downside is you’ll need to keep up the card volume every month to avoid being downgraded to the higher transaction fees the following month.
As for POS features, you’ll get more from iZettle, while SumUp is best for simplicity in the app. If you’re a regular user of PayPal’s online tools, you may benefit from reduced card rates and all-in-one-place reporting with PayPal Here.
Integrated card reader payments, cash, cheques and PayPal check-in
Connected with your PayPal account and its invoicing, virtual terminal and ecommerce integrations
Improved app experience since first version
Useful resources on the website
iZettle and SumUp offer better rates and cheaper card readers
You have to keep selling at least £1,500 a month to maintain lower fees
Account holds and limitations can be a critical issue
Manual entry, swipe, Amex and foreign cards have higher fees