Based on checking the website, Takechipandpin.com appears to be a legitimate payment solutions provider specializing in the A920 card machine.
They aim to help independent businesses process secure payments with claims of lower rates and faster settlements.
While the core service of facilitating secure transactions is beneficial for businesses, potential users should always conduct thorough due diligence, as with any financial service, to ensure it aligns with their specific needs and ethical considerations.
Takechipandpin.com positions itself as a modern alternative for businesses looking to upgrade their payment processing systems.
They emphasize a “no contract” approach, low transaction rates, and a focus on the Pax A920 terminal, which is a popular device in the payment industry known for its versatility.
The company claims to offer significant savings on processing fees, with stated figures of up to 50% for their customers.
This is a bold claim that would naturally attract businesses eager to reduce overheads.
They also highlight features like same-day settlement to bank accounts and real-time transaction data with analytics, which are crucial for efficient cash flow management and informed business decisions.
For businesses seeking reliable and cost-effective payment processing, understanding the specifics of their offerings and comparing them with other providers is essential.
Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.
IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
Takechipandpin.com Review & First Look
Based on looking at the website, Takechipandpin.com presents itself as a straightforward solution for businesses needing card payment terminals.
The initial impression is that of a company focused on providing modern, efficient, and cost-effective payment processing.
They prominently feature the Pax A920 terminal, positioning it as a versatile device suitable for various business environments, from retail counters to mobile operations.
Understanding the Service Model
Takechipandpin.com primarily focuses on providing the A920 terminal and associated payment processing services.
They act as an independent business that negotiates with banks on behalf of their clients to secure what they claim are the best deals on card processing fees. Coinrabbit.com Reviews
This “broker” model can be advantageous for small and medium-sized businesses that might not have the leverage or expertise to negotiate directly with larger financial institutions.
- No Contract & Low Rates: This is a significant selling point, especially for smaller businesses or startups wary of long-term commitments and high overheads. The promise of “no joining or set up fees” and “no cancellation fees if you leave at the end of your contract” aims to reduce perceived risk for potential clients.
- European Coverage: While based in Nottingham, UK, they explicitly state European coverage, indicating their reach extends beyond the UK market. This can be beneficial for businesses operating across multiple European countries or those with international aspirations.
- Virtual and Personal Service: They offer both virtual communication and personal service, suggesting a flexible approach to customer support. This blend can cater to different preferences, from quick online queries to more in-depth consultations.
Initial Impressions of User Experience
The website itself is clean and relatively easy to navigate, with clear calls to action like “GET A QUOTE” and “MAKE AN APPOINTMENT.” Customer testimonials are prominently displayed, featuring 5-star Yell Reviews, which adds a layer of social proof.
However, the depth of technical information beyond the A920’s basic features is somewhat limited, which might require potential customers to engage directly for more detailed inquiries.
Takechipandpin.com Pros & Cons
When evaluating any service, a balanced perspective is crucial.
Takechipandpin.com offers several compelling advantages, particularly for small and independent businesses. Leagueunleashed.com Reviews
However, like any service, there are also areas that potential users should consider carefully.
Advantages of Takechipandpin.com
Takechipandpin.com highlights several benefits aimed at attracting businesses looking for flexible and affordable payment solutions.
- Cost Savings: The most significant claim is the potential to “Save up to 50% on your card processing fees.” For businesses where payment processing fees can eat into profit margins, this is a substantial draw. For instance, a small retail business processing £10,000 in card payments monthly at an average fee of 1.5% would pay £150. If they could reduce this by 50% to 0.75%, they’d save £75 monthly, which is £900 annually.
- No Hidden Fees: They explicitly state “No joining or set up fees” and “No hidden charges,” which can alleviate concerns about unexpected costs, a common pain point with some payment processors.
- Flexible Contracts: The “NO CONTRACT” model is highly appealing, offering businesses the freedom to leave without penalty, unlike many traditional providers that lock businesses into long-term agreements. This flexibility is particularly valuable for seasonal businesses or startups.
- Faster Payments: The promise of “Faster payments with same day settlement to your bank” is a major operational advantage. Rapid access to funds improves cash flow, allowing businesses to reinvest faster, pay suppliers, and manage expenses more effectively. Data from surveys often shows that quick settlement is a top priority for small businesses.
- Advanced Terminal Technology: The A920 terminal is a modern device supporting multiple payment methods contactless, chip & PIN, magstripe and equipped with features like a fast processor, large touchscreen, and robust connectivity 4G, WiFi, Bluetooth. This ensures compatibility with current payment trends and offers a smooth customer experience.
- Real-time Data & Analytics: Providing “Real time transaction data with analytics” empowers businesses to monitor sales performance, identify peak transaction times, and gain insights into customer behavior, which can inform marketing and operational strategies.
Considerations for Takechipandpin.com
While the advantages are clear, potential users should also consider certain aspects to ensure the service is the right fit.
- Specifics of “Low Rates”: While “low cost transaction rates” are advertised, the exact percentages or tiered structures are not publicly available on the website. Businesses would need to get a specific quote to compare these rates accurately against competitors. A general estimate of market average processing fees can range from 1.5% to 3.5%, so knowing where Takechipandpin.com falls within this spectrum is crucial.
- Reliance on a Single Terminal: Their primary focus on the A920, while a capable device, means less choice in hardware. Businesses with specific hardware needs or existing infrastructure might find this limiting. However, for those starting fresh or looking for a single, versatile solution, it might not be an issue.
- Customer Support Depth: While they offer virtual and personal service, the actual responsiveness and depth of technical support for complex issues or integration challenges are not detailed. User testimonials are positive, but a deeper dive into their support infrastructure would be beneficial for potential clients.
- Scalability for Large Businesses: While ideal for independent and small businesses, the website doesn’t explicitly detail their capacity or pricing models for very high-volume merchants or large enterprises, which might have different requirements for bespoke solutions or dedicated account management.
- Transparency of Bank Partnerships: The website states they “negotiate with banks on your behalf,” but it doesn’t specify which banks they partner with. Understanding these partnerships can provide additional assurance and insight into the financial institutions backing the service.
Takechipandpin.com Alternatives
Exploring alternatives is a wise step for any business considering new payment processing solutions.
The market for card machines and payment gateways is robust, with a variety of providers offering different features, pricing models, and hardware options. Marmolove.com Reviews
Businesses should compare Takechipandpin.com against these alternatives to find the best fit for their specific needs.
Traditional Payment Processors
Large, established players often provide comprehensive services, though they may come with different contract terms and fee structures.
- Worldpay: A well-known global payment processor offering a wide range of terminals countertop, portable, mobile and online payment solutions. They cater to businesses of all sizes, often providing tailored solutions. Key difference: May involve longer contracts and more complex fee structures, but can handle very high transaction volumes. According to their reports, Worldpay processes billions of transactions annually.
- Barclaycard Payments: Another major player in the UK, offering a variety of card machines and payment solutions integrated with banking services. Key difference: Often has strong integration with existing Barclaycard business accounts, but like Worldpay, might have less flexible terms than Takechipandpin.com’s “no contract” approach. In 2022, Barclaycard processed over £260 billion in payments.
- Clover: A popular POS system that integrates hardware and software, offering a holistic solution for managing sales, inventory, and payments. Key difference: More of an all-in-one POS system rather than just a terminal provider, potentially offering more features but at a higher overall cost.
Modern POS and Mobile Payment Solutions
These alternatives often prioritize ease of use, mobility, and integrated features, similar to the A920’s capabilities.
- Square: Known for its user-friendly mobile payment solutions, Square offers a range of hardware from basic card readers to full POS systems. They are popular with small businesses, pop-up shops, and mobile vendors. Key difference: Often operates on a transparent, flat-rate pricing model, which can be simpler for businesses with unpredictable transaction volumes. In 2023, Square’s gross payment volume exceeded $50 billion.
- SumUp: Similar to Square, SumUp provides compact card readers and mobile POS solutions. They focus on simplicity and affordability, catering to micro-businesses and individual traders. Key difference: Very competitive pricing for small volumes, often with a simple per-transaction fee. SumUp reports millions of active users globally.
- Zettle by PayPal: Offers card readers and POS solutions, leveraging the strength of the PayPal ecosystem for payments and business management. Key difference: Strong integration with PayPal accounts, offering familiar backend management for businesses already using PayPal.
Considerations When Choosing an Alternative
When comparing Takechipandpin.com with other providers, businesses should ask themselves:
- Pricing Model: Is it a flat rate, tiered pricing, interchange plus, or a blended rate? How do the transaction fees, monthly fees, and equipment costs compare?
- Contract Length & Flexibility: Are there long-term contracts, cancellation fees, or minimum transaction requirements?
- Hardware Options: Do they offer a variety of terminals, or are you limited to one or two? Is the hardware robust and suitable for your environment?
- Features: Beyond basic payment processing, do they offer inventory management, loyalty programs, reporting tools, or integrations with other business software?
- Customer Support: What are their support hours, channels phone, email, chat, and reputation for resolving issues quickly?
- Settlement Times: How quickly will funds be deposited into your bank account?
By thoroughly researching these alternatives and comparing them against Takechipandpin.com’s offerings, businesses can make an informed decision that best serves their operational and financial goals. Refive.io Reviews
How to Cancel Takechipandpin.com Subscription
While Takechipandpin.com emphasizes a “NO CONTRACT” approach, the process of discontinuing their service, or “cancelling a subscription,” still requires formal steps.
This is important for businesses to understand to ensure a smooth transition and avoid any unexpected charges or issues.
Understanding the “No Contract” Promise
Takechipandpin.com explicitly states:
- “NO CONTRACT”
- “No cancellation fees if you leave at the end of your contract”
This language implies that while there isn’t a long-term, binding contract in the traditional sense, there might still be a nominal service period or an expectation of notification.
The phrase “at the end of your contract” suggests there might be a short-term agreement e.g., month-to-month, or a specified initial period that renews, even if it doesn’t involve cancellation fees. Katherinemclee.com Reviews
It is crucial for users to clarify the exact terms and conditions of their service agreement upon signing up.
Recommended Steps for Cancellation
Based on the information available on their website and general best practices for financial service cancellations, here’s a recommended approach:
- Review Your Agreement: Before initiating any cancellation, carefully review any initial agreements, terms of service, or onboarding documents provided by Takechipandpin.com. Look for clauses related to service termination, required notice periods, or equipment return policies. Even with a “no contract” model, there might be a clause requiring 30 days’ notice, for example.
- Contact Customer Service: The most direct and official way to cancel is to contact Takechipandpin.com’s customer service.
- Email: The website lists an email address:
[email protected]
. Send a formal email clearly stating your intention to cancel the service. Include your business name, account number if applicable, contact details, and the date you wish the cancellation to be effective. - Phone: While no direct phone number for cancellation is prominently displayed on the homepage, the website does have a “MAKE AN APPOINTMENT” feature, implying direct communication channels. It’s advisable to call any contact number provided during your onboarding or on your invoices.
- Via the “Contact Us” Form: The website features a “Contact Us” form. While this might be slower, it’s an option for initial outreach.
- Email: The website lists an email address:
- Request Confirmation: Always request written confirmation of your cancellation. This could be an email confirming the termination date and that all obligations have been met. This serves as vital documentation in case of future disputes.
- Return Equipment If Applicable: If you leased or were provided the A920 terminal, clarify the process for returning the equipment. Ensure you follow their instructions precisely to avoid any charges for unreturned devices. Document the return with tracking numbers if shipping the device.
- Verify Final Charges: After cancellation, carefully review your bank statements for a few billing cycles to ensure no further charges from Takechipandpin.com are incurred.
Important Considerations:
- Timing: If there’s a notice period e.g., 30 days, plan your cancellation accordingly to avoid paying for an extra month of service you don’t intend to use.
- Data Retention: Inquire about their data retention policies for transaction data. Ensure you have downloaded or backed up any necessary reports or data before cancellation if required for your records.
- Smooth Transition: Before cancelling, ensure you have an alternative payment processing solution fully set up and operational to avoid any disruption to your business operations.
While Takechipandpin.com’s “no contract” promise offers flexibility, proactive communication and adherence to their stated or implied cancellation procedures are essential for a hassle-free exit.
Takechipandpin.com Pricing
Understanding the pricing model of Takechipandpin.com is crucial for any business considering their services.
While the website prominently advertises “LOW RATES” and “Save up to 50% on your card processing fees,” specific figures are not directly published. Pcupdate.dk Reviews
This common practice in the payment processing industry means businesses need to engage directly to get a tailored quote.
Stated Cost Advantages
The website highlights several appealing aspects of their pricing structure:
- No Joining or Set Up Fees: This is a significant advantage as many traditional providers charge initial setup costs, which can range from £50 to £200 or more.
- No Cancellation Fees: As discussed, this offers considerable flexibility, removing a major barrier for businesses concerned about long-term commitments.
- No Hidden Charges: This claim aims to build trust, suggesting transparency in their billing. Many businesses have faced issues with unexpected fees in complex payment processing statements.
- Low Cost Transaction Rates: This is the core promise, but the exact percentage is not disclosed publicly.
- Same Day Settlement: While not directly a pricing component, faster settlement reduces the need for working capital and can indirectly save businesses money by improving cash flow.
How to Get a Quote
To ascertain the actual pricing, businesses are directed to:
- “GET A QUOTE” Button: This is the primary call to action. Clicking this likely leads to a form where businesses provide details about their transaction volume, average transaction value, industry, and perhaps current processing fees.
- “MAKE AN APPOINTMENT”: This suggests a more personalized consultation where pricing can be discussed in detail.
During the quote process, businesses should be prepared to provide:
- Estimated Monthly Card Turnover: This is perhaps the most critical factor influencing processing rates. A business processing £5,000 monthly will likely get a different rate than one processing £50,000.
- Average Transaction Value: Small average transaction values e.g., £5 often incur higher percentage rates than large ones e.g., £500 due to fixed per-transaction fees.
- Industry Type: Certain industries e.g., hospitality, retail may have different risk profiles or transaction patterns that influence rates.
- Current Processor’s Statement: Many providers, including potentially Takechipandpin.com, will ask for a recent statement from your current processor to accurately compare and demonstrate potential savings.
Typical Payment Processing Fee Components
While Takechipandpin.com promises low rates, the overall cost of card processing typically involves several components: Skycastleinteriors.com Reviews
- Interchange Fees: These are paid to the card-issuing bank e.g., customer’s bank. They are set by card schemes Visa, Mastercard and are non-negotiable by the processor. They typically range from 0.2% for debit cards to 1.5% or more for premium credit cards.
- Scheme Fees: Paid to the card networks Visa, Mastercard, etc. for using their network. These are usually small, fixed fees per transaction or a tiny percentage.
- Processor Markup: This is the fee charged by Takechipandpin.com for their service, terminal rental/purchase, and support. This is where they have the most flexibility to offer “low rates.”
- Terminal Rental/Purchase: While they might not have upfront setup fees, inquire about the cost of the A920 terminal itself. Is it a one-off purchase, a monthly rental, or provided free as long as you process payments through them?
- PCI Compliance Fees: Some processors charge a separate fee for ensuring your business meets Payment Card Industry Data Security Standard PCI DSS requirements, though this is often bundled into the processing rate.
Example Scenario Illustrative only, not based on actual Takechipandpin.com rates:
If a business processes £10,000 per month with an average transaction value of £30:
- Traditional Processor: Might offer a blended rate of 1.75% + 10p per transaction, plus a £20 monthly fee and a £15 terminal rental. Total: £10,000 * 0.0175 + 333 transactions * £0.10 + £20 + £15 = £175 + £33.30 + £20 + £15 = £243.30
- Takechipandpin.com Hypothetical “Low Rate”: Might offer 0.95% + 5p per transaction, no monthly fee, and perhaps a slightly higher one-off terminal purchase. Total excluding terminal purchase: £10,000 * 0.0095 + 333 transactions * £0.05 = £95 + £16.65 = £111.65
In this hypothetical scenario, the savings would be substantial.
Given that specific rates are not disclosed upfront, businesses should treat the “Save up to 50%” claim as a potential, rather than a guarantee, until they receive a personalized quote.
Always get multiple quotes from different providers to ensure the best possible deal.
Takechipandpin.com vs. Square
When considering payment processing solutions, businesses often weigh options like Takechipandpin.com against established players in the modern payment space, such as Square. Accelerate-performance.com Reviews
Both offer compelling features but cater to slightly different needs and preferences.
Takechipandpin.com: Focused Terminal and Rate Negotiation
Takechipandpin.com’s core offering revolves around the Pax A920 terminal and its promise to negotiate competitive processing rates with banks on behalf of independent businesses.
- Hardware Focus: Primarily offers the A920, a robust, all-in-one smart terminal. This device is versatile, supporting countertop, portable, and mobile use cases with advanced features like Android OS, large touchscreen, and integrated printer.
- Pricing Model: Emphasizes “no contract,” “no setup fees,” and “low cost transaction rates,” with the promise of up to 50% savings on processing fees. Rates are bespoke and require a quote.
- Target Audience: Independent businesses, often with a need for a dedicated, physical terminal and a desire to reduce processing costs through negotiation. Suitable for retail, hospitality, and mobile services.
- Settlement: Claims “same day settlement” to the bank, which is a significant advantage for cash flow.
- Support: Offers both virtual and personal service, suggesting a human-centric approach, particularly for businesses in the Midlands, UK, and extending to Europe.
Square: Ecosystem and Flat-Rate Simplicity
Square revolutionized small business payments with its simple, flat-rate pricing and extensive ecosystem of hardware and software.
- Hardware Range: Offers a wide array of hardware, from free magstripe readers Square Reader to mobile POS Square Terminal, Square Register and full-fledged POS systems. This diversity allows businesses to scale their hardware as needed.
- Pricing Model: Known for its transparent, flat-rate pricing per transaction e.g., 1.75% for in-person transactions, 2.5% for online. No monthly fees for basic services. This simplicity is a major draw for startups and micro-businesses who prefer predictability.
- Target Audience: Widely popular with startups, small businesses, pop-up shops, mobile vendors, and freelancers. Businesses that value an integrated ecosystem beyond just payments e.g., online store, invoicing, appointments.
- Settlement: Typically offers next-business-day deposits. Faster deposits might be available for an additional fee or specific criteria.
- Ecosystem: Square provides a comprehensive suite of business tools beyond just payment processing, including:
- Square POS App: Free software for managing sales, inventory, and customers.
- Square Online: E-commerce platform for selling online.
- Square Appointments: For booking services.
- Square Invoices: For sending professional invoices.
- Team Management: Tools for managing employees and payroll.
Key Differentiators and Comparison
Feature | Takechipandpin.com | Square |
---|---|---|
Primary Hardware | Pax A920 all-in-one smart terminal | Wide range: Readers, Terminals, Registers |
Pricing Model | Bespoke, negotiated rates. “No contract”. “Low cost transaction rates”. “No fees” | Flat-rate per transaction. No monthly fees for basic services |
Transparency | Rates require direct quote | Published flat rates, very transparent |
Setup/Joining Fees | Claims “No joining or set up fees” | No setup fees for basic services, hardware is purchased |
Cancellation Fees | Claims “No cancellation fees” | No cancellation fees for payment processing services |
Settlement Time | “Same day settlement” | Next-business-day faster options may exist |
Ecosystem/Features | Focus on terminal & processing. analytics | Comprehensive POS, online store, invoicing, appointments, etc. |
Target Business Size | Independent, small to medium-sized businesses | Micro-businesses, startups, small to medium-sized businesses |
Support | Virtual & personal. based in Nottingham, UK | Online knowledge base, email, phone support |
Which One to Choose?
-
Choose Takechipandpin.com if:
- You prioritize getting the absolute lowest possible transaction rates through negotiation.
- You need a dedicated, modern, all-in-one smart terminal like the Pax A920.
- You value a “no contract” approach for maximum flexibility.
- Same-day settlement is a critical requirement for your cash flow.
- You are an independent business in the UK/Europe looking for personalized service.
-
Choose Square if: Shortmoneyus.com Reviews
- You prefer simple, transparent flat-rate pricing without needing to negotiate.
- You need a flexible range of hardware options, from basic readers to full POS systems.
- You want an integrated ecosystem that handles more than just payments e.g., online selling, appointments, invoicing.
- Your business is a startup, micro-business, or highly mobile, valuing ease of setup and use.
- Next-business-day settlement is sufficient for your cash flow.
Ultimately, the best choice depends on a business’s specific transaction volume, budget, desire for ecosystem integration, and preference for pricing transparency versus negotiated rates.
It’s advisable to get a direct quote from Takechipandpin.com and compare it side-by-side with Square’s published rates for an accurate assessment.
Frequently Asked Questions
What is Takechipandpin.com?
Takechipandpin.com is a payment solutions provider specializing in providing the Pax A920 card machine and associated processing services to independent businesses, aiming to offer competitive rates and flexible terms.
Is Takechipandpin.com a legitimate company?
Yes, based on the website, Takechipandpin.com appears to be a legitimate business specializing in card payment solutions, operating from Nottingham City Centre, UK, with stated European coverage.
What kind of card machines does Takechipandpin.com offer?
Takechipandpin.com primarily offers the Pax A920 card machine, which is a versatile smart terminal suitable for countertop, portable, and mobile payment needs. Timelesspieces.com Reviews
Does Takechipandpin.com require a contract?
No, Takechipandpin.com explicitly states “NO CONTRACT” and “No cancellation fees if you leave at the end of your contract,” indicating a flexible service model.
How much can I save on card processing fees with Takechipandpin.com?
Takechipandpin.com claims businesses can “Save up to 50% on your card processing fees,” though exact savings depend on your specific transaction volume and current rates.
Are there any setup fees with Takechipandpin.com?
No, Takechipandpin.com states “No joining or set up fees,” aiming to provide a cost-effective entry for businesses.
How fast are payments settled to my bank account with Takechipandpin.com?
Takechipandpin.com advertises “Faster payments with same day settlement to your bank,” which can significantly improve a business’s cash flow.
Does the A920 terminal accept all payment methods?
Yes, the Pax A920 terminal offered by Takechipandpin.com is integrated to accept any payment method, including contactless, chip & PIN, and magstripe. Tech-tonic.co.uk Reviews
What operating system does the A920 run on?
The A920 terminal is powered by Android 8.1, offering a familiar and flexible platform for applications.
Can I get real-time transaction data with Takechipandpin.com?
Yes, Takechipandpin.com provides access to “Real time transaction data with analytics,” allowing businesses to monitor their sales performance.
Is the A920 suitable for mobile businesses?
Yes, the A920 is highly suitable for mobile businesses, featuring 4G + WiFi + Bluetooth connectivity and a long-lasting 5150mAh battery, ideal for on-the-go payments.
How do I get a quote from Takechipandpin.com?
You can get a quote from Takechipandpin.com by clicking the “GET A QUOTE” button on their website or by using the “MAKE AN APPOINTMENT” feature to schedule a consultation.
What kind of businesses does Takechipandpin.com cater to?
Takechipandpin.com primarily caters to independent businesses, including shops, retailers, restaurants, bars, pubs, farmers markets, exhibitions, festivals, and tradespeople. Ml-immobilier.fr Reviews
Does Takechipandpin.com offer customer support?
Yes, Takechipandpin.com provides both a virtual and personal service, allowing you to communicate with their team in Nottingham and offering European support in local languages.
How does Takechipandpin.com compare to Square?
Takechipandpin.com focuses on negotiated low rates for a specific terminal A920 with same-day settlement, while Square offers a broader ecosystem of hardware and software with transparent flat-rate pricing and next-business-day settlement.
What is the advantage of an independent business like Takechipandpin.com?
Takechipandpin.com states they are an independent business that negotiates with banks on your behalf, aiming to secure better deals on card processing fees than a business might achieve directly.
Are there any hidden charges with Takechipandpin.com?
Takechipandpin.com explicitly states “No hidden Charges,” aiming for transparency in their pricing model.
Can I use the A920 terminal for loyalty programs?
Yes, the A920’s fast processor and double memory make it an ideal solution to run multiple applications simultaneously, including managing table orders, payments, and loyalty programs. Icloudonoff.com Reviews
Does Takechipandpin.com operate outside the UK?
Yes, Takechipandpin.com states it offers “European coverage” and “European Support in YOUR local language.”
How do I contact Takechipandpin.com for support or inquiries?
You can contact Takechipandpin.com via the email address [email protected]
listed on their website, or by filling out their “Contact Us” or “GET A QUOTE” forms.
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