In the UK, payment by link is a payment method that makes it easier in accepting credit card payments online without the need for an EFTPOS machine. This kind of payment method can be used for sales that are done on the phone, online, social media, and even in person sales.
A business can send a pay button or link via email, social media or even a text message. However, fees are usually higher than when paying via a card terminal, this is because as compared to a card terminal, the card details in a payment link method is entered manually compared to when it is physically confirmed via a card terminal.
Payment links, so as not to be confused with virtual terminals, are for when a cardholder is completing the transaction compared to a virtual terminal where the business and the customer completes the whole payment online on a web page.
But with all of the payment link providers available in UK, what are the best ones to use? Here are 7 best payment links for small businesses:
Overview About Our Top Picks
Create buy buttons and pay links in seconds.
A fully integrated suite of payments products.
Simple signup process and powerful integrations.
Share your link easily and get paid fast.
All in one platform from marketing to payments and shipping.
Receive funds using a link that can be sent through pretty much any channel.
Generate payment links easily and share the link anywhere.
7 Best Payment Links for Small Businesses
1. SQUARE ONLINE CHECKOUT
The first payment link provider we have in this list is the most versatile payment provider in the list as it is without monthly fees or even a contract. The business will be able to send links for any specific transaction or create original links for products and services with certain fixed or open prices.
Using this provider, the only cost a business will have is the transaction fee of 2.2% that comes with every transaction.
2. STRIPE PAYMENT LINK
This provider is trusted in various countries across the globe. Having a unique program that lets businesses have scalable customisation options, Stripe is tailor made for small businesses.
Like most providers, in order to create a payment link, the business needs to have an online payment page. All of this is done with ease through Stripe, and the business needs only to send payment URL through text, chats, Social Media, or through email.
3. PIN PAYMENTS
This provider meanwhile is a sub-company of checkout.com, UK’s own local go to when it comes to payment links for small businesses. There is no contract or any monthly fee but a transaction rate or 1.75% if using a domestic card (which adds $0.30), or 2.9% if using an international card (add another $0.30).
Pin payments has the option for businesses to add surcharge to transactions, meaning that if the business chooses to, it is the customer who shoulders the fees.
4. PAYPAL.ME
The most famous Paypal has a service that is convenient for small businesses where they can create a payment link using the Paypal.Me service. Like other providers, it has no monthly fees or contract, but has a 2.6% plus $0.30 transaction fee that comes with it.
5. SHOPIFY
While not many people know it, and because it is not advertised by them directly, shopify actually allows people to send payment links through their shopify account. However, it comes with a requirement of having an ecommerce subscription, thus this is only ever useful for those with online stores in Shopify.
6. ADYEN PAY by LINK
Adyen is an internationally acclaimed online payment provider but is usually for medium-to-large businesses, however, small businesses that have high turnover rates can opt to go with this one as well. The only thing here is that if a business chooses Adyen, then they would have to use this provider for all of their sales channels.
7. AIRWALLEX PAYMENT LINK
For small businesses that have around the globe customers, Airwallex is the most ideal payment link provider there is. With no monthly fee, no contract, a minimal transaction fee with every transaction, and the ability to transfer different types of currencies without any cross-border fees, Airwallex payment link is a viable candidate in the list.