Merchant account for POS

[pre3psi]

Hello,

I want to look for a payment processor that will grant me a POS for my company based on consulting services, which will be paid monthly/annually. The value of the transaction can exceed 6-7 figures, and transactions are made in face-to-face meetings with clients at their/my location. The company is registered in the UK, but I would like to use a merchant account that accepts USD/EUR. Does anyone have any suggestions?

Best regards,

 

[Sols]

That just sounds like a bad idea, but if you insist and assuming you are based in the UK (resident), have a UK bank account, and the transactions take place in the UK, here are some popular options:

https://squareup.com/gb/en

Modern, simple POS systems | Zettle UK

Give staff and customers great experiences every day, with our simple, scalable POS app. Get started here.

www.zettle.com

Point of sale payments

From classic POS card machines to super-stylish point of sale solutions, Trust Payments offers versatile counter-top and mobile point of sale terminals.

www.trustpayments.com

Home - Lightspeed

Lightspeed is the fast, intuitive POS and payments platform helping the world’s best retail, hospitality and golf businesses get even better.

www.lightspeedhq.com

Point of Sale (POS) for Business

Shopify Point of Sale integrates everything to run your retail business, from inventory management to checkout. Start your free trial with Shopify POS today.

www.shopify.com

Point of Sale System | iPad Point of Sale | Revel Systems

Our iPad point of sale system enables you to run your point of sale software offline or on a local network. ✓

revelsystems.com

Some support DCC (Dynamic Currency Conversion) or multi currency processing. You might have to go through a sales cycle with them.

If you try to take the POS terminal outside of the UK, there's a significant risk that the terminal will be blocked. Accepting foreign cards is fine, though.

Most people that do something similar to what you're trying to do just email their clients a link from Stripe, Adyen, or other processor and take the payment online. For six-seven figure amounts, bank transfer is much more common.

 

[sebastian]

6 - 7 figures POS for consultancy serviced

 

[pre3psi]

Thank you for the answers. I will try to reach them!

 

[daniels27]

6 - 7 figures POS for consultancy serviced

His clients need turnover to get AMEX centurion.

 

[0xDEADBEEF]

His clients need turnover to get AMEX centurion.

OP or client is too kind for absorbing that ~3% in payment fees.

This motivated me to try and get my next invoice paid in cash with unmarked bills. Maybe even a dead drop.

 

[pre3psi]

Sorry for my english, i wanted to say 6-7 figures like 1000.47 or 10000.57, you understand the ideea.

 

[0xDEADBEEF]

Sorry for my english, i wanted to say 6-7 figures like 1000.47 or 10000.57, you understand the ideea.

In that case I finally understand why so many people claim to be making 6-8 figures.

Can I ask why you don't want to receive payments by bank transfer? It will still be hundreds of €/$ in fees if you take payments by card.

 

[JohnLocke]

Bank Transfers may indeed be better for such high amounts or crypto.